东北大学建校100周年
工商管理学院系列学术报告第61场
报告题目：
Something in the Air: Health Concerns of PM2.5 and Green Innovation
报告人：
加拿大温莎大学（University of Windsor）Odette商学院
安云碧教授
主持人：hjc888黄金城 王健教授
报告时间：2023年11月8日
报告地点： 东北大学浑南校区文管学馆B306
报告摘要：
This paper investigates whether and why executives’ exposure to ambient PM2.5 pollution is related to corporate green innovation. Using data on listed companies in China, we find that companies located in regions with higher PM2.5 concentrations are better motivated to engage in green innovation, resulting in a high count of green innovation patent applications in subsequent years. Moreover, our analysis shows that when corporate executives are exposed to higher PM2.5 concentrations and also exhibit greater concerns about the adverse health effects of air pollution, then their companies tend to have more green patent applications. However, we find no evidence that the positive association between PM2.5 concentrations and corporate green innovation is driven by executive compensation incentives or stock price pressures. Finally, for companies with older executives, weaker environmental regulatory pressures, and higher government subsidies, the promoting effects of PM2.5 concentrations on green innovation are more pronounced. Our research provides novel evidence regarding the role of executives’ health concerns in their decision-making on green innovation when executives are exposed to severe ambient PM2.5 pollution.
报告人简介：安云碧，加拿大皇后大学（Queen's University）金融学博士，加拿大温莎大学Odette商学院金融学教授、金融系主任。主要从事公司财务金融、资产组合选择、期权定价、风险管理等领域的研究。在Journal of Corporate Finance、 Financial Management、Journal of Banking and Finance、Small Business Economics、Journal of Business Finance and Accounting、Journal of Futures Markets等期刊发表论文五十余篇，相关成果得到了国内外金融理论与实务界的广泛承认。多次受邀参加EFMA、EFA、MFA、NFA等举办的金融学年会，并担任多个国际权威期刊审稿专家。