Research Article

CEO Media Exposure and Green Technological Innovation Decision: Evidence from Chinese Polluting Firms

Table 1

Variable definitions.

Dependent variables: green technological innovation decision
Green inventionThe number of applications for environmental inventions
Green utilityThe number of applications for environmental utility patents
Independent variables: CEO media exposure
CEO mediaThe natural log of one plus the number of CEOs news reports
Moderating variables
StateIf the firm is an SOE, which is controlled by the government or its various entities, it equals 1 and 0 otherwise
RuleThe number of environmental regulations issued by the national government
Control variables
Firm sizeThe natural logarithm of total assets at the end of the year
LeverageTotal liabilities over total assets
ROANet income over total assets
Cash holdingThe ending balance of cash and cash equivalents over sales
R&DThe natural logarithm of enterprise investment in research and development, which affects patents
SubsidyThe natural logarithm of government subsidies
TMTThe number of top management team members
DualityEquals 1 if the CEO also serves as chairman and 0 otherwise