학술논문
Managerial Ability and Green Innovation: The Moderating Effect of Directors’ and Officers’ Insurance in China
이용수 12
- 영문명
- 발행기관
- 한국무역연구원
- 저자명
- Xiao Wang Zhiwei Yang Shanyue Jin
- 간행물 정보
- 『무역연구』제20권 제6호, 17~36쪽, 전체 20쪽
- 주제분류
- 경제경영 > 무역학
- 파일형태
- 발행일자
- 2024.12.31
국문 초록
Purpose - This study investigates the relationship between managerial ability, Directors’ and Officers’ (D&O) liability insurance, and corporate green innovation in Chinese listed companies. Specifically, it examines how managerial ability drives green innovation performance and explores the moderating role of D&O insurance. The analysis highlights distinctions between state-owned and non-state-owned enterprises to provide deeper insights into the contextual variations.
Design/Methodology/Approach - Using a dataset of Chinese listed companies spanning 2009 to 2022, this study applies a DEA-Tobit model to quantify managerial ability and uses the logarithm of green innovation patent applications as a proxy for green innovation performance. To test the proposed hypotheses, regression analyses are performed, incorporating other control variables.
Findings - The findings indicate that managerial ability has a positive impact on green innovation. D&O insurance strengthens this relationship by reducing legal and financial risks, which encourages managers to participate more actively in green innovation initiatives. In state-owned enterprises, the influence of D&O insurance on the relationship between managerial ability and green innovation is particularly pronounced. In contrast, this effect is weaker and statistically insignificant in non-state-owned enterprises, likely due to their limited risk tolerance and lower motivation to pursue long-term innovation strategies.
Research Implications - This study underscores the critical role of enhancing managerial ability and utilizing D&O insurance as an effective risk management tool to drive green innovation. It offers valuable insights for policymakers, emphasizing the need to promote the adoption of D&O insurance, especially among non-state-owned enterprises, to create a supportive environment for sustainable development.
영문 초록
목차
Ⅰ. Introduction
Ⅱ. Theoretical Background and Hypothesis
Ⅲ. Methodology
Ⅳ. Results
Ⅴ. Discussion
References
키워드
해당간행물 수록 논문
참고문헌
- IEEE Engineering Management Review
- Journal of Environmental Economics Management
- SSRN Journal
- British Journal of Management
- Strategic Management Journal
- Journal of Risk and Insurance
- Pacific Accounting Review
- Science of the Total Environment
- The Journal of Finance
- Journal of Business Ethics
- Quality & Quantity
- Journal of Empirical Finance
- Journal of Business Ethics
- International Review of Economics & Finance
- Management Science
- Sustainable Production and Consumption
- Academy of Management Review
- Academy of Management Review
- Geneva Paper on Risk and Insurance: Issues Practice
- Advances in Accounting
- Journal of Cleaner Production
- Journal of International Trade & Commerce
- Technological Forecasting and Social Change
- Journal of Risk and Insurance
- Strategic Management Journal
- Journal of Risk and Insurance
- Heliyon
- Energy Economics
- Journal of Risk and Insurance
- Journal of International Trade & Commerce
- Pacific-Basin Finance Journal
- Journal of Cleaner Production
- Journal of Financial Economics
- Finance Research Letters
- Journal of Cleaner Production
- American Economic Review
- China Journal of Accounting Research
- Science of the Total Environment
- Transformations in Business & Economics
- Journal of Financial and Quantitative Analysis
- Pacific-Basin Finance Journal
- Information Systems Management
- International Review of Environmental and Resource Economics
- Journal of Business Ethics
- Economic Modelling
- International Review of Economics & Finance
- Journal of International Trade & Commerce
- Sustainability
- Ecological Economics
- Journal of Banking & Finance
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