IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v62y2024ipbs1544612324002319.html
   My bibliography  Save this article

The impact of directors' foreign experience on corporate carbon emissions: A mediating perspective based on corporate green innovation

Author

Listed:
  • Liu, Meiling

Abstract

Peak carbon dioxide emissions and carbon neutrality are essential for China's sustainable, high-quality growth. Based on a sample of A-share manufacturing companies in China from 2010 to 2021, this paper investigates the relationship between directors' foreign experiences (Dfe), corporate green innovation and corporate carbon emissions. The study finds that, companies with executives who have foreign experiences can significantly reduce corporate carbon emissions. Corporate green innovation plays a mediating role in the process of the influence of directors' foreign experiences on corporate carbon emissions. Heterogeneity analysis finds that the reduction of corporate carbon emissions caused by Dfe is more significant in state-owned enterprises.

Suggested Citation

  • Liu, Meiling, 2024. "The impact of directors' foreign experience on corporate carbon emissions: A mediating perspective based on corporate green innovation," Finance Research Letters, Elsevier, vol. 62(PB).
  • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002319
    DOI: 10.1016/j.frl.2024.105201
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324002319
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.frl.2024.105201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Samuel Drempetic & Christian Klein & Bernhard Zwergel, 2020. "The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review," Journal of Business Ethics, Springer, vol. 167(2), pages 333-360, November.
    2. Yao, Xingyuan & Tang, Xiaobo, 2021. "Does financial structure affect CO2 emissions? Evidence from G20 countries," Finance Research Letters, Elsevier, vol. 41(C).
    3. Wenchao Li & Lingyu Xu & Jian Xu & Ostic Dragana, 2022. "Carbon Reduction Effect of Green Technology Innovation from the Perspective of Energy Consumption and Efficiency," Sustainability, MDPI, vol. 14(21), pages 1-16, October.
    4. Zheng, Yizhe & Li, Jiali & Zhang, Xinhe, 2023. "Executives with overseas background and green innovation," Finance Research Letters, Elsevier, vol. 58(PD).
    5. Li, Jianfeng & Yao, Xiaoyang & Sun, Guanglin & Li, Jinning & Le, Wei, 2023. "The impact of international carbon-related factors on China's new energy market: Based on different market conditions," Finance Research Letters, Elsevier, vol. 58(PB).
    6. Mariassunta Giannetti & Guanmin Liao & Xiaoyun Yu, 2015. "The Brain Gain of Corporate Boards: Evidence from China," Journal of Finance, American Finance Association, vol. 70(4), pages 1629-1682, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lei, Hao & Gao, Renyuan & Ning, Chutong & Sun, Guanglin, 2025. "Green finance and corporate green innovation," Finance Research Letters, Elsevier, vol. 72(C).
    2. Jinyu Zhao & Lu Zhao & Tingyu Yan, 2025. "Does Interlocking Directors’ Green Experience Richness Enhance the Green Innovation Efficiency of Chinese Listed Companies?," Sustainability, MDPI, vol. 17(5), pages 1-24, March.
    3. Wei, Xiaoyu & Peng, Zixiao, 2025. "Clan culture and corporate environmental performance: Evidence from China," Energy Economics, Elsevier, vol. 141(C).
    4. Jin, Jie & Wang, Fan, 2024. "Impact of government support on firm carbon emission efficiency: The transmission channel of green innovation," Finance Research Letters, Elsevier, vol. 68(C).
    5. Chen, Hong & Hu, Shangui & Cai, Yuqing, 2024. "Driving effect of fintech on firm green innovation in China's strategic emerging industries: The mediating role of digital transformation," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    6. Sun, Zhonghua & Wei, Wei, 2025. "Green technology innovation and corporate brand competitiveness: an analysis based on the role of environmental policy," Finance Research Letters, Elsevier, vol. 71(C).
    7. Li, Haichao & Su, Yuqi & Ding, Chante Jian & Tian, Gary Gang & Wu, Zhan, 2024. "Unveiling the green innovation paradox: Exploring the impact of carbon emission reduction on corporate green technology innovation," Technological Forecasting and Social Change, Elsevier, vol. 207(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Liu, Lin & Liu, Liqun & Liu, Kai & Jiménez-Zarco, Ana Isabel, 2025. "Climate policy and corporate green transformation: Empirical evidence from carbon emission trading," Research in International Business and Finance, Elsevier, vol. 74(C).
    2. Paolo Agnese & Francesca Romana Arduino & Massimiliano Cerciello & Simone Taddeo, 2024. "Does board knowledge matter for ESG performance in the European banking industry?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4454-4468, September.
    3. Spira, Robin, 2024. "How does ESG rating disagreement influence analyst forecast dispersion?," Junior Management Science (JUMS), Junior Management Science e. V., vol. 9(3), pages 1769-1804.
    4. Scholz, Robert, 2023. "Unternehmensmitbestimmung und die sozialökologische Transformation: Zusammenhang zwischen Mitbestimmungsindex und ESG-Kriterien in börsennotierten Unternehmen," Mitbestimmungsreport 79, Hans-Böckler-Stiftung, Düsseldorf.
    5. Pang, Jiaren & Zhang, Xinyi & Zhou, Xi, 2020. "From classroom to boardroom: The value of academic independent directors in China," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
    6. de Oliveira, Thaiane Moreira & de Albuquerque, Sofia & Toth, Janderson Pereira & Bello, Debora Zava, 2018. "International cooperation networks of the BRICS bloc," SocArXiv b6x43, Center for Open Science.
    7. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2017. "Research in finance: A review of influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 188-199.
    8. Yu Wang & Yetaotao Qiu & Yi Luo, 2022. "CEO foreign experience and corporate sustainable development: Evidence from China," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2036-2051, July.
    9. Natalia Semenova, 2021. "Management control systems in response to social and environmental risk in large Nordic companies," International Journal of Corporate Social Responsibility, Springer, vol. 6(1), pages 1-11, December.
    10. Liwei Shan & Albert Tsang & Xiaoxue Zhang, 2024. "Transporting Audit Quality Across Countries: Returnee CEOs and Audit Fees," Journal of Business Ethics, Springer, vol. 192(4), pages 845-874, July.
    11. Zhang, Yijun & Li, Xiaoping & Song, Yi & Jiang, Feitao, 2021. "Can green industrial policy improve total factor productivity? Firm-level evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 51-62.
    12. Zheng, Suyi & Wen, Jiandong, 2024. "Green public procurement and corporate environmental performance: An empirical analysis based on data from green procurement contracts," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    13. Ren, Xiaohang & Zeng, Gudian & Zhao, Yang, 2023. "Digital finance and corporate ESG performance: Empirical evidence from listed companies in China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    14. Rong, Yuen & Tian, Cunzhi & Li, Lifang & Zheng, Xinwei, 2020. "Labor hiring and stock return: A model and new evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 59(C).
    15. Finja Lena Kind & Jennifer Zeppenfeld & Rainer Lueg, 2023. "The impact of chief executive officer narcissism on environmental, social, and governance reporting," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4448-4466, November.
    16. Ding, Haoyuan & Ni, Bei & Xue, Chang & Zhang, Xiaoyu, 2022. "Land holdings and outward foreign direct investment: Evidence from China," Journal of International Money and Finance, Elsevier, vol. 124(C).
    17. Yensen Ni & Yirung Cheng & Yulu Liao & Paoyu Huang, 2022. "Does board structure affect stock price overshooting informativeness measured by stochastic oscillator indicators?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2290-2302, April.
    18. Yang, Wen & Zhao, Keqing, 2024. "Cross-border capital flows and low-carbon economic development: Examining the impact of foreign shareholding," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    19. Jialong Wang & Ran Cui, 2023. "Does CEO's foreign experience promote export performance? Evidence from China," Asian Economic Journal, East Asian Economic Association, vol. 37(3), pages 326-345, September.
    20. Zhao, Shikuan & Cao, Yuequn & Hunjra, Ahmed Imran & Tan, Yan, 2023. "How does environmentally induced R&D affect carbon productivity? A government support perspective," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 942-961.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002319. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.