Top management team gender diversity and green innovation: A contingent curvilinear link

The increasing significance of green innovation for firm competitiveness introduces greater risks and uncertain returns, challenging top managers' strategic decisions. The influence of top management team (TMT) characteristics, particularly gender diversity, on green innovation remains unclear....

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Bibliographic Details
Published in:Business strategy and the environment 2024-11, Vol.33 (7), p.7118-7138
Main Authors: Liu, Xilu, Liao, Yi‐Chuan, Ma, Pengcheng, Dong, Yusen
Format: Article
Language:English
Subjects:
Business competition
Clean technology
Competitiveness
Educational attainment
Emerging markets
Gender
gender diversity
Gender identity
green innovation
Industrial development
industry green innovation strength
Innovations
Ownership
Social identity
state ownership
Sustainable development
Teams
Top management
top management teams
Women
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Summary:The increasing significance of green innovation for firm competitiveness introduces greater risks and uncertain returns, challenging top managers' strategic decisions. The influence of top management team (TMT) characteristics, particularly gender diversity, on green innovation remains unclear. Drawing on gender difference and social identity theories, this study examines the curvilinear relationship between TMT gender diversity and green innovation among 2026 Chinese publicly listed manufacturing firms from 2011 to 2018. Through the use of fixed‐effects Poisson models to confirm our hypotheses, we uncover an inverted U‐shaped relationship between TMT gender diversity and green innovation. Furthermore, we delve into the contingent roles of individual, corporate, and industry factors affecting this primary relationship. Specifically, our findings reveal that the educational attainment of female executives and the strength of green industry innovation flatten the inverted U‐shaped curve between TMT gender diversity and green innovation, whereas state ownership steepen it. Our study resolves the inconsistencies found in previous research by integrating multiple theoretical perspectives and offers empirical insights into the role of women in shaping sustainable development in emerging markets.
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.3857