Research Article
CEO Media Exposure and Green Technological Innovation Decision: Evidence from Chinese Polluting Firms
| Dependent variables: green technological innovation decision | Green invention | The number of applications for environmental inventions | Green utility | The number of applications for environmental utility patents | Independent variables: CEO media exposure | | CEO media | The natural log of one plus the number of CEOs news reports | Moderating variables | | State | If the firm is an SOE, which is controlled by the government or its various entities, it equals 1 and 0 otherwise | Rule | The number of environmental regulations issued by the national government | Control variables | | Firm size | The natural logarithm of total assets at the end of the year | Leverage | Total liabilities over total assets | ROA | Net income over total assets | Cash holding | The ending balance of cash and cash equivalents over sales | R&D | The natural logarithm of enterprise investment in research and development, which affects patents | Subsidy | The natural logarithm of government subsidies | TMT | The number of top management team members | Duality | Equals 1 if the CEO also serves as chairman and 0 otherwise |
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