CEO hometown identity and firm green innovation |
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| Authors: | Shenggang Ren Yue Wang Yucai Hu Ji Yan |
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| Institution: | 1. School of Business, Central South University, Changsha, PR China;2. School of Economics and Management, Yanshan University, Qinhuangdao, PR China;3. Durham University Business School, Mill Hill Lane, Durham, UK
Hunan University of Technology and Business, Changsha, PR China |
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| Abstract: | Drawn on the upper echelons theory, this study investigates how chief executive officer (CEO) hometown identity drives firm green innovation. We propose that CEO hometown identity has a positive impact on a firm's green innovation performance. Furthermore, we explore the moderating role of managerial discretion determined by organizational and environmental factors (i.e., institutional ownership and market complexity). We propose that institutional ownership negatively moderates the positive relationship between CEO hometown identity and green innovation, but market complexity plays a positive moderating role. Using Chinese publicly listed firms from 2002 to 2016 in heavily polluting industries, our findings support these hypotheses. Our research contributes to the upper echelons theory and corporate social responsibility literature and has substantial practical implications. |
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| Keywords: | CEO hometown identity green innovation managerial discretion upper echelons theory |
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