Research On The Impact Of Technology Directors On Corporate Green Innovation

With the growth of China’s economic volume,China has become the largest CO2 emitter in the world.Manufacturing enterprises are the important pillar to realize national energy saving and emission reduction,industrial upgrading and modernization,and it is imperative to accelerate the greening process of manufacturing industry.Green innovation is the key to achieve the goal of "double carbon",and it is also a powerful driving force to promote the development mode from emphasizing quantitative growth to qualitative improvement,and from resource dependence to technology dependence.Green innovation is difficult and risky,and companies are not motivated to take the initiative to innovate,which requires supervision and promotion by relevant institutions.The board of directors is an internal body that influences corporate innovation decisions,and technical directors with appropriate technical competence and background can issue authoritative guidance on corporate innovation strategy decisions from a more professional perspective.At the same time,corporate green innovation is also influenced by external macro policies,and whether carbon emission regulation and government subsidies can play a role in enhancing the quality of green innovation is closely related to the choice of green innovation strategies by technology directors.Through the review of existing literature,I found that few studies have focused on the differential mechanisms of technology directors’ green innovation strategy choices between technology independent directors and technology insider directors,and the effects of carbon emission regulation and government subsidies on different forms of green innovation are still inconclusive.Based on this,this paper summarizes the existing research results of the above variables and poses the following research questions:(1)Are there any differences between technology independent directors and technology insider directors on different forms of green innovation strategy decisions?(2)What is the role of carbon emission regulation in the choice of green innovation strategies by the two types of technology directors?(3)Can government subsidies effectively moderate the influence of the two types of technology directors on different forms of green innovation? To answer the above questions,based on relevant theoretical foundations and existing research results,this paper makes a rigorous logical deduction of the relationship between relevant variables,proposes hypotheses to be tested,takes A-share manufacturing listed companies in 2016-2020 as research samples,uses STATA 14.0 to carry out empirical tests,and finally draws conclusions.The empirical results show that: firstly,technically independent directors have a significant promoting effect on substantive green innovation,and play a certain degree of inhibiting effect on strategic green innovation,but the results are not significant,which may be due to the fact that technically independent directors are not involved in the actual business management of enterprises,and this limitation of information asymmetry weakens their inhibiting effect on strategic green innovation to a certain extent;technically internal directors have a significant positive effect on strategic The technical insider director has a significant positive effect on strategic green innovation and a significant negative effect on substantive green innovation.Second,carbon emission regulation plays a positive moderating role in the relationship between technology independent directors and substantive green innovation and technology insider directors and substantive green innovation,and a negative moderating role in the relationship between technology insider directors and strategic green innovation.Finally,government subsidies strengthen the promotion effect of technically independent directors on substantive green innovation and weaken the negative effect of technically in-house directors on substantive green innovation,while further stimulating the motivation of technically in-house directors on strategic green innovation.This paper innovatively integrates technology directors and corporate green innovation into one research framework,and deeply explores the influence mechanisms of two types of technology directors on different forms of green innovation,unveils the "black box" between technology directors and corporate green innovation,further analyzes the regulating role of carbon emission regulation and government subsidies,explains the motives of green innovation in different environmental policies,and enriches the contextual study between technology directors and corporate green innovation,providing management insights for Chinese enterprises to optimize their board structure and the government to formulate reasonable environmental policies to improve the quality of green innovation.