Do female directors influence firms' environmental innovation? The moderating role of ownership type

Do female directors influence firms' environmental innovation? The moderating role of ownership type
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女性董事会影响企业的环境创新吗?

DOI:
10.1002/csr.1677
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发表时间:
2018-09
影响因子:
9.8
通讯作者:
Wang Xiaopeng
Wang Xiaopeng
中科院分区:
管理学3区
文献类型:
--
作者:
Liao Zhongju;Zhang Manting;Wang Xiaopeng

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随着越来越多的女性加入董事会,她们的环境创新决策也成为学者们关注的焦点。本研究基于高层理论、女性关怀理论和社会角色理论,构建了女性董事与企业环境创新的关系模型,并选择所有制类型作为调节变量。研究选取中国制造业688家上市公司作为研究样本,采用多元回归分析方法发现,当董事会中女性董事比例增加时,企业的环境创新水平也显着提高。将女性董事分为独立董事和非独立董事后,我们发现女性独立董事对公司的环境创新有显着影响。然而,女性董事长对公司的环境创新没有显着影响。此外,国有上市公司中女性董事和女性独立董事对企业环境创新的影响更强。
As more and more females join boards of directors, their decisions concerning environmental innovation have also become the focus of scholars. Based on the upper echelons theory, feminist caring theory, and social role theory, this study constructed a relationship model between female directors and firms' environmental innovations and chose ownership type as the moderating variable. Selecting 688 listed companies in the Chinese manufacturing industry as the research sample and adopting multiple regression analysis methods, the study found that, when the proportion of female directors on the board of directors increased, the level of a firm's environmental innovation also increased significantly. After female directors were divided into independent and nonindependent directors, we found that female independent directors had a significant effect on the firms' environmental innovations. However, female chairpersons had no significant effect on the firms' environmental innovations. In addition, the effect of female directors and female independent directors on a firm's environmental innovation was stronger for state‐owned listed companies.
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