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Can green CEOs trigger the green premium effect?

Author

Listed:
  • Xu, Chong
  • Tao, Miaomiao
  • Qi, Lingli
  • Roubaud, David

Abstract

We investigate whether green CEOs in Chinese firms contribute to the green premium effect. The findings indicate a strong positive association, as these executives are pivotal in applying the green premium. Mechanism analysis confirms that this effect is reinforced through advancements in green innovation, reductions in managerial myopia, and mitigation of information asymmetries. Notably, the influence of green environmental, social, and governance (ESG) on the green premium intensifies with higher corporate ESG ratings, highlighting a nonlinear relationship. Our analysis underscores the significance of green CEOs in fostering sustainable corporate management and operations.

Suggested Citation

  • Xu, Chong & Tao, Miaomiao & Qi, Lingli & Roubaud, David, 2025. "Can green CEOs trigger the green premium effect?," Finance Research Letters, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006361
    DOI: 10.1016/j.frl.2025.107376
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