The Impact and Its Mechanisms of the Executive with Environmental Experiences on Corporate Green Transformation

BI Qian; LI Hong-yuan; YU Lian-chao

Volume 34 Issue 5

May 2021

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BI Qian, LI Hong-yuan, YU Lian-chao. The Impact and Its Mechanisms of the Executive with Environmental Experiences on Corporate Green Transformation[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(5): 4-21.

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BI Qian, LI Hong-yuan, YU Lian-chao. The Impact and Its Mechanisms of the Executive with Environmental Experiences on Corporate Green Transformation[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(5): 4-21.

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The Impact and Its Mechanisms of the Executive with Environmental Experiences on Corporate Green Transformation

College of Economics and Management, Southwest University, Chongqing 400715, China

Received Date: 2019-03-23
Available Online: 2021-05-22
Publish Date: 2019-10-28

Abstract

Abstract

From the perspective of environmental experience embedding, this paper empirically examines the impact and its mechanism of environmental experience embedding on the green transformation of enterprises based on the empirical evidence of heavy polluted enterprises in Shanghai and Shenzhen A-share from 2008 to 2016. The findings are as follows: environmental experience embedding can effectively promote corporate green transformation; the embedding of environmental experience into the management and board of directors can significantly improve the green transformation level of enterprises, but the embedding of environmental experience into the board of supervisors is not significant. Further research finds that after the implementation of the new Environmental Protection Law, the effect of environmental experience embedding on the promotion of corporate green transformation is more significant, and that the promoting effect of environmental experience embedding on the corporate green transformation is mainly manifested in private enterprises and enterprises with low financing constraints, whose action path is to promote the corporate green transformation by improving the level of enterprise innovation and reducing the adjustment cost. Therefore, in order to promote corporate green transformation, hiring and paying attention to talents with environmental experience can help reduce the risks and costs of green transformation.

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References

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