Environmental Regulation and Corporate Social Responsibility: The Impact of Executive Authority and Equity Concentration Ratio on Technological Innovation

Qiong Sun; Na Yu; Naicong Zhang

doi:10.5755/j01.ee.36.1.35985

Authors

Qiong Sun Management College, Beijing Union University, China
Na Yu Management College, Beijing Union University, China
Naicong Zhang Management College, Beijing Union University, China

DOI:

https://doi.org/10.5755/j01.ee.36.1.35985

Keywords:

Environmental Regulation, Corporate Social Responsibility, Technological Innovation, Executive Authority, Ownership Concentration

Abstract

During the 75th session of the United Nations General Assembly, the Chinese government presented a proposal indicating its commitment to enhance its independent national contribution by implementing robust policies and measures, with the objective of achieving carbon neutrality by 2060. As the main energy consumption and pollutant emission enterprises, manufacturing enterprises should also take the initiative to grasp the opportunity of carbon neutral development and respond to the national call. In addition, technological progress as a potential solution to environmental pollution, how should enterprises promote technological innovation? These problems need further study. In view of this, this study selects 2011-2020 China a-share manufacturing listed enterprises, using fixed effects model, analyse the impact of environmental regulation, corporate social responsibility, CEO Power and equity concentration on corporate technological innovation. Research shows that environmental regulation, corporate social responsibility, CEO Power and equity concentration all have a significant positive impact on technological innovation, CEO Power and equity concentration play a positive moderating role in the impact of environmental regulation and corporate social responsibility on technological innovation.

Author Biographies

Qiong Sun, Management College, Beijing Union University, China

Qiong Sun graduated from Capital Normal University in 2007. She has received the doctor’s degree. She is a professor and is working at Beijing Union University. She is interested in enterprise management and enterprise digital transformation.

Na Yu, Management College, Beijing Union University, China

Na Yu graduated from Capital Normal University in 2022. She has received her doctoral degree and now works as a lecturer at Beijing Union University. She is interested in enterprise management and enterprise digital transformation.

Naicong Zhang, Management College, Beijing Union University, China

Naicong Zhang graduated from Renmin University of China in 2013. He has received a doctor’s degree and now works as a lecturer at Beijing Union University. He is interested in enterprise management and enterprise digital transformation.