Female CEOs and green innovation

Muzhar Javed; Fangjun Wang; Muhammad Usman; Ammar Ali Gull; Qamar Uz Zaman

doi:10.1016/j.jbusres.2022.113515

Female CEOs and green innovation

Muzhar Javed
, Fangjun Wang
, Muhammad Usman
, Ammar Ali Gull
, Qamar Uz Zaman

School of Management

COMSATS University Islamabad
Xijing University
ESSCA School of Management
Vietnam National University, Hanoi

Research output: Contribution to journal › Article › peer-review

177 Scopus citations

Abstract

This study examines the effects of female CEOs on green innovation. Drawing on contingency theory, we also investigate the moderating effect of state ownership, regional development, firm size, and industry type on the relationship between female CEOs and green innovation. Using data on Chinese non-financial companies listed on the Shanghai and Shenzhen stock exchanges from 2008 to 2016 (amounting to 9997 firm-year observations), we find reliable evidence that female CEOs are greener than their male counterparts. We find that female CEOs working in state-owned firms and firms located in more developed regions are more likely to promote green innovation than those working in non-state-owned firms and firms located in less developed regions. We also find that the positive effect of female CEOs on green innovation is more pronounced among firms that are large and belong to environmentally sensitive industries.

Original language	English
Article number	113515
Journal	Journal of Business Research
Volume	157
DOIs	https://doi.org/10.1016/j.jbusres.2022.113515
State	Published - Mar 2023

Keywords

CEO gender
Gender socialization theory
Green innovation
Institutional theory
Upper echelon theory

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10.1016/j.jbusres.2022.113515

Cite this

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title = "Female CEOs and green innovation",

abstract = "This study examines the effects of female CEOs on green innovation. Drawing on contingency theory, we also investigate the moderating effect of state ownership, regional development, firm size, and industry type on the relationship between female CEOs and green innovation. Using data on Chinese non-financial companies listed on the Shanghai and Shenzhen stock exchanges from 2008 to 2016 (amounting to 9997 firm-year observations), we find reliable evidence that female CEOs are greener than their male counterparts. We find that female CEOs working in state-owned firms and firms located in more developed regions are more likely to promote green innovation than those working in non-state-owned firms and firms located in less developed regions. We also find that the positive effect of female CEOs on green innovation is more pronounced among firms that are large and belong to environmentally sensitive industries.",

keywords = "CEO gender, Gender socialization theory, Green innovation, Institutional theory, Upper echelon theory",

author = "Muzhar Javed and Fangjun Wang and Muhammad Usman and \{Ali Gull\}, Ammar and \{Uz Zaman\}, Qamar",

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doi = "10.1016/j.jbusres.2022.113515",

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AU - Javed, Muzhar

AU - Wang, Fangjun

AU - Usman, Muhammad

AU - Ali Gull, Ammar

AU - Uz Zaman, Qamar

PY - 2023/3

Y1 - 2023/3

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KW - CEO gender

KW - Gender socialization theory

KW - Green innovation

KW - Institutional theory

KW - Upper echelon theory

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DO - 10.1016/j.jbusres.2022.113515

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Female CEOs and green innovation

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Keywords

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