Management executive power and corporate green innovation——Empirical evidence from China's state-owned manufacturing sector

Abstract

This paper focuses on how management power affects corporate green innovation. Through a survey of listed manufacturing firms in China from 2012 to 2019, we find that the relationship between management power and green innovation is negative and significant, and it is more pronounced in state-owned firms. Furthermore, our study shows that management power inhibits corporate green innovation in state-owned enterprises (SOEs) by reducing innovation inputs. In addition, mixed ownership reforms in SOEs can strengthen management power, and thus negatively affecting green innovation. The research in this paper enriches the literature on management power, green innovation and other related areas. It also has important implications for how to deepen the mixed ownership reform.