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<p>Using a sample of Chinese listed firms, this study investigates the impact of local CEOs on enterprises’ environmental investment. We find that local CEOs significantly promote firms’ environmental investment. Mechanism tests find that local CEOs promote firms’ environmental investment by alleviating financial constraints and enhancing environmental orientation. Cross-section analysis shows that market competition and analysts’ attention can mitigate the promoting role of local CEO in environmental investments. In contrast, media attention can enhance the promoting role of local CEO in environmental investments. The conclusions of the article enrich the relevant research on the factors affecting environmental investment, and the research conclusions provide implications for the green transformation of enterprises and the optimization of corporate governance structure.</p>

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The bright side of local CEO on environmental investment: evidence from China

  • 期刊论文

  • 发表日期：

    2025年1月15日

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  • Xie Qiaoxin,
  • Wu Chan Jun,
  • Yu Zhang

摘要

Using a sample of Chinese listed firms, this study investigates the impact of local CEOs on enterprises’ environmental investment. We find that local CEOs significantly promote firms’ environmental investment. Mechanism tests find that local CEOs promote firms’ environmental investment by alleviating financial constraints and enhancing environmental orientation. Cross-section analysis shows that market competition and analysts’ attention can mitigate the promoting role of local CEO in environmental investments. In contrast, media attention can enhance the promoting role of local CEO in environmental investments. The conclusions of the article enrich the relevant research on the factors affecting environmental investment, and the research conclusions provide implications for the green transformation of enterprises and the optimization of corporate governance structure.