Female directors and environmental innovation: is stakeholder orientation a missing link?
Female directors and environmental innovation: is stakeholder orientation a missing link?
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女性董事与环境创新：利益相关者导向是缺失的一环吗？
DOI：
10.1108/gm-05-2021-0127
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发表时间：
2022-03
期刊：
影响因子：
--
通讯作者：
Shanshan Wang
中科院分区：
文献类型：
--
作者：
Yu Wang;Xiaoying Chang;Tienan Wang;Shanshan Wang
目的。本研究旨在探讨利益相关者导向在女性董事环境创新影响中的中介作用。作者认为，女性董事更环保，更关心多方利益相关者的利益和需求。因此，他们通过在公司决策中纳入更多以利益相关者为导向的价值观和信念来促进环境创新。由于本研究的因变量为非负计数变量，作者采用了基于泊松回归的计数数据模型。本文以2010年至2020年的中国上市公司为样本，对上述假设进行了检验。研究结果表明，女性董事对环境创新具有促进作用。此外，利益相关者导向是解释女性董事对环境创新影响的中间渠道。这表明，让女性进入董事会可以带来更好的利益相关者管理，这反过来又对环境创新产生积极影响。作者还发现，当女性董事长存在时，女性董事对利益相关者导向的贡献更大。文献中的一个重要限制是很少关注将女性董事与公司结果联系起来的机制。在环境创新的背景下，虽然以前的研究调查了女性董事对环境创新的影响，但这种影响的潜在渠道在很大程度上仍未被探索。因此，本研究的发现通过揭示一个重要的潜在渠道——利益相关者导向，促进了对女性董事对环境创新影响的理解。
Purpose.The purpose of this study is to examine the effect of stakeholder orientation in mediating the impact of female directors on environmental innovation. The authors argue that female directors are eco-friendly and more concerned with multi-stakeholder interests and demands. Thus, they promote environmental innovation by including more stakeholder-oriented values and beliefs in firm decision-making..Design/methodology/approach.As the dependent variable in this study is a nonnegative count variable, the authors use a count data model based on Poisson regression. A sample of Chinese listed firms between 2010 and 2020 is used to test the hypotheses..Findings.The results of this study show that female directors can enhance environmental innovation. Further, stakeholder orientation represents an intermediate channel that accounts for the effects of female directors on environmental innovation. This suggests that having women on a board can lead to better stakeholder management, which, in turn, positively affects environmental innovation. The authors also reveal that female directors contribute more to stakeholder orientation with the presence of female chairpersons..Originality/value.A significant limitation in the literature is that little attention has been paid to the mechanisms linking female directors to firm outcomes. In the context of environmental innovation, while previous studies have investigated the influence of female directors on environmental innovation, the underlying channels of that influence remain largely unexplored. Therefore, the findings of this study advance the understanding of the effects of female directors on environmental innovation by revealing an important underlying channel – stakeholder orientation.
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作者：
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通讯作者：
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DOI：
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