Impact of executive team stability on green technology innovation
Green technology innovation is an important way to promote green and low-carbon development.Facilitating green technology innovation is the key for enterprises to achieve high-quality development.Taking Shanghai and Shenzhen A-share listed manufacturing companies from 2012 to 2021 as samples,this paper explores the influence of executive team stability on enterprise green technology innovation.The empirical findings are as follows.Moderate stability of executive team can significantly promote enterprise green technology innovation.However,excessive stability will inhibit green technology innovation,and there is an inverted U-shaped relationship between the two.The mediation effect test shows that executive team stability can partially promote green technology innovation by increasing the extent of enterprise digital transformation.Heterogeneity analysis shows that the inverted U-shaped relationship between executive team stability and green technology innovation is more significant in high-tech enterprises and non-heavily polluting enterprises.These findings provide guidance for the micro-level practice of green technology innovation among enterprises.
executive team stabilitygreen technology innovationdigital transformation
NETL
NSTL
万方数据
