RETRACTED ARTICLE: Do the academician independent directors promote green innovation in enterprises?

Year: 2023

Type: article

Abstract: Using the manually collated data on the employment of academicians as independent directors by Shanghai and Shenzhen A-share listed firms from 2010 to 2020,the role and impact mechanism of academician independent directors on enterprise green innovation were empirically analyzed. The research shows that the academician independent directors promote green innovation of enterprises by alleviating corporate financing constraints,increasing corporate R&D investment and alleviating managerial myopia, and their role in promoting green invention patents is greater than that of green utility model patents.The academician independent directors will improve the green innovation level of enterprises in non-heavy polluting industries and enterprises in the eastern region,and the nature of propert rights and the degree of marketization will strengthen their role in promoting green innovation.

Source: Environmental Science and Pollution Research

DOI: 10.1007/s11356-023-28006-w

Authors: Luxiu Zhang, Yingjie Zhang, Ning Li, Qianwen Zhang

Institution: University of Jinan

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W4381891874