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1 – 2 of 2Nianwei Yin, Ruzhou Wang and Liangding Jia
Drawing on upper echelons theory, the authors study how the career horizon of a CEO promotes green innovation through the incentive mechanism. Meanwhile, from the perspective of…
Abstract
Purpose
Drawing on upper echelons theory, the authors study how the career horizon of a CEO promotes green innovation through the incentive mechanism. Meanwhile, from the perspective of speed and amount of value realization, the authors also identify two sets of shift parameters that reduce or increase incentive gap between short-career-horizon CEOs and long-career-horizon CEOs. Specifically considering the digital trend in China and the heterogeneity of firms and industries, this study aims to examine the moderating effects of firm digitalization, industrial digital transformation, slack resources and polluting firms.
Design/methodology/approach
In the context of China’s transitional economy, this study uses all A-share listed companies in China from 2007 to 2021, resulting in a total of 4,286 companies with 29,310 company-year observations.
Findings
The results support the hypothesis that CEO career horizon significantly facilitates green innovation at the firm level. The positive effect is attenuated by both firm digitalization and industrial digital transformation, but is amplified by slack resources and by the polluting firms. After a series of robustness tests, the research conclusions remain valid.
Originality/value
To extend the upper echelons perspective of existing research into CEO−green innovation, the authors make important contributions in four ways. First, this study contributes to green innovation literature by adding an unexplored yet increasingly important managerial determinant. Second, it advances research on the role of the CEO in green innovation by revealing a new theoretical mechanism. Third, it deepens the understanding of CEO career horizon by exploring its influence on innovations in the context of corporate social responsibility (CSR). Fourth, it identifies boundary conditions that motivate CEOs in distinguishable ways, to provide a nuanced understanding of the relationship between CEO career horizon and green innovation.
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Haiqing Hu and Tian Wu
Strengthening the combination of technology and finance can significantly promote the development of economy and society. Urbanization is a crucial standard to measure the…
Abstract
Strengthening the combination of technology and finance can significantly promote the development of economy and society. Urbanization is a crucial standard to measure the economic and social development of a country and region, and urban regional planning based on science and technology finance has always been the focus of both domestic and foreign research institutions. Thus, this paper takes Mianyang, the first city of science and technology, as the object of research, and from the angle of the development process of Mianyang, investigates the three stages of the construction and development of this science and technology city. This study analyzes the characteristics of regional planning of Mianyang City and sums up the idea of relying on the old city to build another new district, which boosts the development of science and technology as well as the economy. From two specific angles (i.e., urban spatial function region planning and urban and rural planning), this paper thoroughly studies a multiscale planning scheme of Mianyang’s urban area in recent years by researching the local policy, system, finance, and society. Empirical measurement proves that reasonable planning and construction of the science and technology city Mianyang can accelerate the development process of the western region, effectively promoting the economic development of the surrounding areas of Sichuan and remarkably improving the overall quality of the regional economy of both Chongqing and Sichuan Provinces.
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