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How Does CEO’s Environmental Awareness Affect Technological Innovation?

Author

Listed:
  • Qinghua Huang

    (School of Economics and Management, Southwest University, Chongqing 400715, China)

  • Xiding Chen

    (Department of Finance, Wenzhou Business College, Wenzhou 325035, Zhejiang, China)

  • Mi Zhou

    (School of Economics and Management, Southwest University, Chongqing 400715, China)

  • Xiaoqin Zhang

    (School of Economics and Management, Southwest University, Chongqing 400715, China)

  • Lingling Duan

    (School of Economics and Management, Southwest University, Chongqing 400715, China)

Abstract

In this paper, we conduct an empirical study on the impact of CEOs’ environmental awareness on technological innovation. To this end, we obtain a large sample with 7615 observations from Chinese A-share listed firms between the years of 2003 and 2014. Our empirical results show that a CEO’s environmental awareness has a significant positive impact on technological innovation of his/her enterprise. Environmentally conscious CEOs will invest more in R&D and obtain more patents. This will help their enterprises achieve higher efficiency of technological innovation. Furthermore, the environmental awareness of a CEO has a more significant impact on technological innovation if his/her enterprise is subject to a higher level of monitoring. We also conduct robustness check of our findings and provide managerial insights and proactive government policies to raise the environmental awareness of CEOs and improve the innovation vitality of enterprises.

Suggested Citation

  • Qinghua Huang & Xiding Chen & Mi Zhou & Xiaoqin Zhang & Lingling Duan, 2019. "How Does CEO’s Environmental Awareness Affect Technological Innovation?," IJERPH, MDPI, vol. 16(2), pages 1-16, January.
    • Handle: RePEc:gam:jijerp:v:16:y:2019:i:2:p:261-:d:198677
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    References listed on IDEAS

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    Cited by:

    1. Yuming Zhang & Juanjuan Zhang & Zhang Cheng, 2021. "Stock Market Liberalization and Corporate Green Innovation: Evidence from China," IJERPH, MDPI, vol. 18(7), pages 1-22, March.
    2. Wei Wang & Xue-Zhou Zhao & Feng-Wen Chen & Chia-Huei Wu & Sangbing Tsai & Jiangtao Wang, 2019. "The Effect of Corporate Social Responsibility and Public Attention on Innovation Performance: Evidence from High-polluting Industries," IJERPH, MDPI, vol. 16(20), pages 1-20, October.
    3. Ziyuan Sun & Man Wang & Weiwei Zhang & Yanli Li & Dan Wang & Feng Dong, 2019. "How Can We Improve the Transformation Success Rate of Research Results in the Pharmaceutical Industry? The Game Theoretic Model of Technology Transfer Subjects," IJERPH, MDPI, vol. 16(9), pages 1-30, May.

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