On the Impact of Information Asymmetry on Corporate Green Innovation Based on the Irrational Characteristics of Management
Based on the data of A-share listed companies from 2012 to 2021,this paper empirically tests the impact of information asymmetry on corporate green innovation.The results of the benchmark regression show that information asymmetry significantly inhibits the green innovation level of enter-prises;management risk preference and green cognition play a significant negative moderating role in information asymmetry and enterprise green innovation.Information asymmetry can inhibit corporate green innovation through management overconfidence.Further analysis results show that under the en-vironment of information asymmetry,the green innovation activities of non-state-owned and two-in-one enterprises are more severely inhibited.
green innovationinformation asymmetrymanagement layer
NETL
NSTL
万方数据
