The Greyer the Greener: CEO Age and Green Innovation

Junchen Jiang, Zubair Tauni () and Umair Bin Yousaf
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Junchen Jiang: Shandong University
Zubair Tauni: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School
Umair Bin Yousaf: POLYU - The Hong Kong Polytechnic University [Hong Kong]

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Abstract: Amidst conflicting perspectives on the impact of CEO age on the adoption of risky strategies with long‐term environmental consequences, this study investigates the relation between CEO age and green innovation performance. Leveraging a 12‐year dataset of Chinese listed firms, we find that older CEOs promote higher levels of green innovation than their younger counterparts. This effect is more pronounced in firms with intense industry competition, extensive green coverage, high media visibility, state‐owned status, and restricted managerial ownership. We identify increased CEO power, enhanced managerial ability, and environmental consciousness as potential mechanisms through which older CEOs influence green innovation. Our research underscores the importance of understanding underlying strategic decisions in assessing the impact of managerial traits. Policymakers may consider implementing measures to retain and recruit older CEOs within organizations to bolster sustainability initiatives.

Date: 2025-05-19
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Published in Business Strategy and the Environment, 2025, 34 (6), pp.7324-7348. ⟨10.1002/bse.4353⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05632841

DOI: 10.1002/bse.4353

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