The effect of CEO social capital, CEO duality and state-ownership on corporate innovation

Sun, Helin; Cappa, Francesco; Zhu, Jia; Peruffo, Enzo

doi:10.1016/j.irfa.2023.102605

Cited by 27 publications

(14 citation statements)

References 110 publications

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“…We choose Chinese listed firms as our research subjects for two main reasons. First, the average annual growth rate of green and low‐carbon patents granted in China has increased rapidly in recent years, and China has become an important driving force for global green innovation (Sun et al, 2023). Second, as the largest developing country in the world, China's economic development and environmental protection actions are worth learning from other countries (Sun et al, 2023).…”

Section: Methodsmentioning

confidence: 99%

Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China

Chen,

Zhu,

Ding

et al. 2023

Bus Strat Env

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The objective of this study is to examine the impact of government environmental concerns on green innovation and whether this has a “leverage effect” or a “crowding‐out effect.” This study employs a two‐way fixed‐effects model to conduct an empirical test using panel data from 2010 to 2020 on Chinese firms listed in heavy‐polluting industries. The results suggest that an increase in government environmental concerns can promote corporate green innovation. However, government environmental concerns primarily stimulate strategic innovation rather than substantive innovation. After a series of robustness and endogeneity tests, the conclusions of this paper still hold. Corporate green innovation induced by government environmental concerns is not the “leverage effect” superimposed on existing innovation activities but the “crowding‐out effect” of other technological innovation. The heterogeneity tests in this paper indicate that the impact is more pronounced for firms with poorer environmental conditions, stronger political connections, and richer executive backgrounds.

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Section: Methodsmentioning

confidence: 99%

Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China

Chen,

Zhu,

Ding

et al. 2023

Bus Strat Env

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“…In addition to social capital, innovation is also an important factor in the growth of SMEs. A study published in ScienceDirect found that CEO social capital has a positive effect on firm innovation [23]. The study suggests that CEO social capital can help firms access external knowledge and resources, which can lead to increased innovation.…”

Section: Introductionmentioning

confidence: 89%

Effects of Social Capital, Financial Access, Innovation, Socioeconomic Status and Market Competition on the Growth of Small and Medium Enterprises In West Java Province

Fanggidae¹,

Sutrisno

Fanggidae

et al. 2023

account. Fin.

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This study aimed to investigate the effects of social capital, financial access, innovation, socioeconomic status, and market competition on the growth of small and medium enterprises (SMEs) in West Java Province. A cross-sectional survey design was employed, and data were collected from 384 SMEs using a structured questionnaire. Descriptive statistics, correlation analysis, and regression analysis were used to analyze the data. The findings showed that social capital, financial access, innovation, socioeconomic status, and market competition had a significant positive effect on the growth of SMEs in West Java Province. The study contributes to the existing literature by providing empirical evidence on the relationship between these factors and the growth of SMEs.

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“…By analyzing data from listed companies in China, it was found that CEOs' narcissism had a significant negative impact on R&D investment (Wang et al, 2022). Further, both CEOs' social capital and their duality significantly affect firms' R&D innovation (Sun et al, 2023), and increasing R&D investment is an essential intermediary mechanism for the government to promote EDT (Wang et al, 2023). Based on the above literature, we argue that if a CEO has a DTB, he/she will encourage the company to increase R&D investment and provide more technical support for the company's digital transformation.…”

Section: Literature Analysis and Hypothesesmentioning

confidence: 99%

CEOs' digital technology backgrounds and enterprise digital transformation: The mediating effect of R&D investment and corporate social responsibility

Zhu,

Li,

et al. 2023

Corp Soc Responsibility Env

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Enterprise digital transformation (EDT) is becoming an essential strategy for business growth owing to the rapid iterative invention of digital technologies. Based on imprinting theory, we examined the effects of chief executive officers' (CEOs') digital technology backgrounds (DTBs) on EDT using data on Chinese listed companies from 2010 to 2020. We found that (1) CEOs with digital technology‐related learning or career experience can drive EDT to a higher degree. (2) Research and development (R&D) investment and corporate social responsibility (CSR) are significant variables that influence the digital transformation of CEOs' digital technology. Both partially mediate CEOs' DTBs, driving digital transformation by increasing R&D investment and enhancing CSR. (3) CEOs' DTBs significantly promote digital transformation in state‐owned, high‐tech, and digital economy enterprises. By promoting digital transformation, CEOs' DTBs substantially increased their sustainable development.

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The effect of CEO social capital, CEO duality and state-ownership on corporate innovation

Cited by 27 publications

References 110 publications

Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China

Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China

Effects of Social Capital, Financial Access, Innovation, Socioeconomic Status and Market Competition on the Growth of Small and Medium Enterprises In West Java Province

CEOs' digital technology backgrounds and enterprise digital transformation: The mediating effect of R&D investment and corporate social responsibility

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