Can green CEOs trigger the green premium effect?

Chong Xu, Miaomiao Tao, Lingli Qi and David Roubaud

Finance Research Letters, 2025, vol. 80, issue C

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.

Keywords: Green premium; CEOs with green experience; sustainability (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325006361
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006361

DOI: 10.1016/j.frl.2025.107376

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().