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Top Executives’ Overseas Background on Corporate Green Innovation Output: The Mediating Role of Risk Preference

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  • Cui Luansong

    (College of Economics and Management, Northeast Agricultural University, Harbin, 150030, China)

  • Zhao Jing

    (College of Economics and Management, Northeast Agricultural University, Harbin, 150030, China)

  • Zhao Lijuan

    (College of Economics and Management, Northeast Agricultural University, Harbin, 150030, China)

  • Hu Pan

    (College of Economics and Management, Northeast Agricultural University, Harbin, 150030, China)

Abstract

This study employs balanced panel data encompassing Shanghai and Shenzhen A-share listed companies in China spanning the period from 2014 to 2021 as a research dataset, employing a mixed OLS regression model and Bootstrap methods, to investigate the influence mechanism of the overseas background and risk preference tendencies of top executives on the corporate green innovation output. The results show that the top executives’ overseas experience has a substantial influence on corporate green innovation, while top executives’ risk preference level plays a mediating role. In addition, the educational background of top executives is identified as a moderating element in this mechanism. Thus, the conclusions of this article extend prior research by identifying a new connection between top executives’ overseas backgrounds and corporate green innovation and by offering a new perspective to advance and improve the green economy.

Suggested Citation

  • Cui Luansong & Zhao Jing & Zhao Lijuan & Hu Pan, 2024. "Top Executives’ Overseas Background on Corporate Green Innovation Output: The Mediating Role of Risk Preference," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-19.
    • Handle: RePEc:bpj:econoa:v:18:y:2024:i:1:p:19:n:1002
    DOI: 10.1515/econ-2022-0105
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    References listed on IDEAS

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