How Has CEO's Non-Family Identity Affected Enterprise Environmental Behavior: Explanations Based on Social Emotional Wealth

LIU Chun-lin; LIANG Fei-fei

Volume 38 Issue 4

Jul. 2023

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LIU Chun-lin, LIANG Fei-fei. How Has CEO's Non-Family Identity Affected Enterprise Environmental Behavior: Explanations Based on Social Emotional Wealth[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(4): 64-76.

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LIU Chun-lin, LIANG Fei-fei. How Has CEO's Non-Family Identity Affected Enterprise Environmental Behavior: Explanations Based on Social Emotional Wealth[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(4): 64-76.

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How Has CEO's Non-Family Identity Affected Enterprise Environmental Behavior: Explanations Based on Social Emotional Wealth

School of Business, Nanjing University, Nanjing 210093, China

Received Date: 2023-04-19
Available Online: 2023-08-17
Publish Date: 2023-07-28

Abstract

Abstract

Previous studies have shown that family enterprises have higher enthusiasm to engage in green innovation due to the pursuit of social emotional wealth. This paper is concerned about whether the green innovation behavior of family enterprises will be affected when the CEO is held by non-family members. Based on the research of family enterprises listed in A-share polluting industries from 2007 to 2021, it is found that compared with family CEOs, non-family CEOs have a significant negative impact on the output of green innovation; more importantly, non-family CEOs will prefer the use of strategic ways such as issuing corporate environmental reports to deal with the regulatory pressure from families. Further analysis shows that the legal environment and CEO tenure play a regulatory role in the impact of non-family CEOs on green innovation. This study provides some inspirations for the management of professional managers in family enterprises, and provides new ideas to alleviate the new agency risk of family enterprises.
- family enterprise,
- social emotional wealth,
- green innovation,
- environmental report,
- family governance

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References(59)

References

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