Assessing the interrelationship corporate environmental responsibility, innovative strategies, cognitive and hierarchical CEO: A stakeholder theory perspective

摘要

The objective of the study is to contemplate the effectiveness of cognitive CEO, hierarchical CEO, and innovative strategies on corporate environmental responsibility. Remarkably, the theoretical contribution has been revitalized while signifying the stakeholder theory perspective, which enunciates on the significance of corporate environmental responsibility. For empirical analysis, the data have been collected from the 1,070 listed Chinese firms for the year 2015-2019. The contributable concept of cognitive CEO has been formulated through CEO tenure, education, goodwill, and attainment of tacit knowledge while employing the DAE statistical technique. Hierarchical CEO and its three categorizations have been formulated by analyzing listed companies' profiles. Meanwhile, corporate environmental responsibility has been formulated, signifying the nine environmental attributes. It has been examined that innovative strategies boost corporate environmental responsibility, but its intensity is weak. Specifically, empirical underpinnings also envisage the cognitive CEO as compared to hierarchical CEO or medium hierarchical CEO, the vigorous promoter of corporate environmental responsibility.