Abstract
ABSTRACT Under the strategic orientation of sustainable transformation, managerial green foresight (MGF) is the cornerstone of corporate ability to operate sustainably. However, the effect of MGF on corporate green technology innovation (GTI) is understudied. We measure MGF using textual analysis of Management Discussion and Analysis, and draw on principal–agent theory to explain its positive effect on GTI. Furthermore, this effect is more pronounced for firms with higher levels of analyst coverage. These arguments are supported by a sample of Chinese A-share listed firms. An important managerial insight is that the incremental gains in GTI can be achieved by enhancing MGF.
Published Version
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