“…It was found that if the firm's environmental performance is better, the firm's financing costs are significantly lower (Liu et al, 2021). CEO characteristics deeply affect the firm's environmental performance, and CEO ownership has a strong impact on environmental performance (Khan & Liu, 2023). CEOs' cognitive abilities can contribute to maintaining good environmental performance (Sarfraz et al, 2020), and CEO power has a positive role in promoting innovation in corporate environmental performance (Zhang, Li, Deng, & Zheng, 2022).…”