CEO hometown identity and firm green innovation

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 mana...

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Bibliographic Details
Published inBusiness strategy and the environment Vol. 30; no. 2; pp. 756 - 774
Main Authors Ren, Shenggang, Wang, Yue, Hu, Yucai, Yan, Ji
Format Journal Article
LanguageEnglish
Published Chichester Wiley Periodicals Inc 01.02.2021
Subjects
CEO hometown identity
Chief executive officers
Complexity
Environmental aspects
Environmental factors
green innovation
Identity
Innovations
managerial discretion
Ownership
Social responsibility
upper echelons theory
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Summary: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.
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.2652