ArticleInternational journal of environmental research and public health2022
Do Tournament Incentives Matter for CEOs to Be Environmentally Responsible? Evidence from Chinese Listed Companies.
Article in International journal of environmental research and public health, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
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Who cites it
4 citing papers in PubMed.
- Do institutional contingencies matter for green investment?-An institution based view of Chinese listed companies.Heliyon · 2024Article
- RETRACTED: Towards sustainable management: Exploring the role of internal monitoring in pollution prevention.PloS one · 2024Article
- Environmental Impact Assessment by Green Processes.International journal of environmental research and public health · 2022Article
- Application of Mathematical Model Using Random Forest in Performance Appraisal Management of Cadres in Free Trade Zone.Computational intelligence and neuroscience · 2022Article
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Authors and funding
5 authors.
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Abstract
Relying on tournament theory and environmental management research, we examine how CEO tournament incentives induce top executives to invest more in green innovation. Using a sample of Chinese listed companies from 2010 to 2016, we find evidence that CEO tournament incentives are positively associated with green innovation. In addition, we find that a positive relationship between CEO tournament incentives and green innovation is stronger in state-owned enterprises than in non-state-owned enterprises. These results support tournament theory, which proposes that better incentives induce top executives' efforts to win the tournament incentives, and such efforts are subject to fiercer competition among employees, which improves firms' social and financial performance. Moreover, our findings have implications for policy makers and regulators who wish to enhance environmental legitimacy by providing tournament incentives to top executives.
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