Abstract
As one of the important ways to achieve sustainable economic development, enterprise green innovation will also have an important impact on the future development of enterprises. Through the analysis, it is found that green innovation can realize the sustainable development of enterprises. However, green innovation has the characteristics of high risk and double externality, so the enthusiasm of enterprise green innovation is relatively low. As the decision maker of enterprises, the characteristics of management will have an important impact on green innovation. This paper studies the influence of Managerial Overconfidence on green innovation. This paper first studies the impact of management overconfidence on enterprise risk-taking ability, and finds that management overconfidence can improve enterprise risk-taking ability. Then it studies the impact of enterprise risk-taking ability on green innovation. The higher the enterprise risk-taking ability is, the more conducive to the implementation of green innovation activities. Through theoretical analysis, this paper concludes that management overconfidence can further promote the green innovation of enterprises by improving the risk-taking ability of enterprises.
Highlights
Faced with various challenges at home and abroad, China's economy still maintains rapid growth
Because green innovation projects face great investment risks, and corporate executives pursue short-term economic benefits of the company based on their own interests, executives generally abandon corporate green innovation activities, but overconfident executives have a strong risk-taking ability and are The forecast of innovation projects is relatively optimistic, so it is inferred that the overconfidence of corporate executives will have a positive impact on corporate green innovation, which has positive significance for stimulating the enthusiasm of corporate green innovation and the construction of China's ecological civilization
The green innovation of enterprises can realize the sustainable development of enterprises
Summary
Faced with various challenges at home and abroad, China's economy still maintains rapid growth. Environmental pollution harms people's quality of life, and harms the economic interests of enterprises and society. In this context, green development has become the common aspiration of the entire society. Because green innovation projects face great investment risks, and corporate executives pursue short-term economic benefits of the company based on their own interests, executives generally abandon corporate green innovation activities, but overconfident executives have a strong risk-taking ability and are The forecast of innovation projects is relatively optimistic, so it is inferred that the overconfidence of corporate executives will have a positive impact on corporate green innovation, which has positive significance for stimulating the enthusiasm of corporate green innovation and the construction of China's ecological civilization
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
