Bank loan approval standards and firms’ accounting conservatism: Evidence from China

Yu, Zhen; Luo, Juncheng; Fan, Jinqi

doi:10.1016/j.ribaf.2023.102100

Cited by 1 publication

(1 citation statement)

References 28 publications

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“…Prior research has demonstrated that financing constraints notably impede companies' pursuit of green innovation (Cho & Kim, 2017;Li et al, 2022;Yu et al, 2021). In light of information asymmetry, creditors and investors consider the backgrounds of a company's executives when making financing decisions (Yu et al, 2023). A CEO with a strong reputation is perceived as providing an implicit guarantee, bolstering the confidence and willingness of investors and creditors (Cianci et al, 2019).…”

Section: Ceo Reputation Financial Constraint and Corporate Green Inno...mentioning

confidence: 99%

A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation

Sun,

Cifuentes‐Faura,

Xiao

et al. 2023

Bus Strat Env

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In contrast to studies examining the effects of government incentives such as environmental regulation on corporate green innovation, this paper investigates the influence of CEO reputation, a market‐based incentive mechanism, on companies' green innovation behavior. Utilizing green patent data from Chinese A‐share listed companies from 2007 to 2020, we construct a CEO reputation index through principal component analysis and examine its impact on corporate green innovation behavior and underlying mechanisms. Our findings indicate that CEO reputation positively affects companies' green innovation behavior. This effect is primarily driven by reducing financing constraints, CEOs' risk perception, and rising environmental awareness. Further heterogeneity analysis reveals the positive relationship between CEO reputation and green innovation behavior is more pronounced in companies with strong executive compensation incentives, political connections, and effective internal control.

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Section: Ceo Reputation Financial Constraint and Corporate Green Inno...mentioning

confidence: 99%

A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation

Sun,

Cifuentes‐Faura,

Xiao

et al. 2023

Bus Strat Env

View full text Add to dashboard Cite

show abstract

Bank loan approval standards and firms’ accounting conservatism: Evidence from China

Cited by 1 publication

References 28 publications

A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation

A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation

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