The Impact Of Heterogeneity In TMT Knowledge Background On Green Innovation Investment In Enterprises

Green innovation has always been a hot topic.In recent years,due to the worsening climate and environmental issues,governments around the world have gradually begun to take related measures to address them.The characteristics of executive teams have a significant impact on decision-making,and companies should take on their environmental responsibility.Therefore,studying the role of executive team characteristics in green innovation is very meaningful.This paper takes the current problems faced by enterprises in China as a starting point,focuses on the heterogeneity of executive team knowledge backgrounds,and based on the three major theories of "upper echelons theory","knowledge-based view",and "resource-based theory",reviews the existing literature at home and abroad,analyzes the existing research on executive team characteristics in China,and further selects four types of executive team heterogeneity characteristics as explanatory variables,namely,educational background,professional background,overseas background,and academic background,to explore how they affect the relationship between green innovation investment,providing a theoretical basis for hypothesis formulation and empirical research.Then,the moderating variable of redundant resources is introduced,and the existing research on redundant resources is reviewed to further analyze the impact between executive team knowledge heterogeneity and green innovation.Combining the research theme with the existing literature,this paper finds research gaps and proposes a research model: taking executive team knowledge heterogeneity as the explanatory variable,enterprise green innovation investment as the dependent variable,and introducing redundant resources as a moderating variable.The data in this paper were mainly collected from three public data platforms:CSMAR,CNRDS,and Wind.The sample includes 1144 A-share heavy polluting enterprises,and the time span is from 2010 to 2019.The paper uses STATA17 and EXCEL to establish a fixed-effect model for testing.The research found that executive team knowledge heterogeneity can positively affect enterprise green innovation investment,and redundant resources have a suppressing effect on the relationship between TMT knowledge heterogeneity and green innovation investment.The innovative aspects of this study are mainly reflected in several areas.Firstly,few existing studies have systematically integrated the heterogeneity of executive teams’ knowledge backgrounds.Based on the theories of knowledge base and resource base,this study focuses on exploring the role and moderating mechanism of executive team knowledge background heterogeneity in promoting corporate green innovation.Secondly,from the perspective of executive team background characteristics,this study explores the influence of executive team factors on corporate green innovation.Thirdly,unlike existing studies that mainly investigate the impact of redundant resources as an explanatory variable on innovation,this study explores the moderating effect of redundant resources from the perspective of resource-based theory,enriching the research on the interaction of green innovation driving factors at the executive team level.In conclusion,the article suggests that companies should enrich the structure of their executive teams and encourage diversity in their knowledge backgrounds.This involves not only introducing professionals with research backgrounds or those who have worked in academia,but also promoting experienced managers.Companies should promote the diversified development of executive team members’ professional backgrounds,strengthen executive team construction,improve their human capital structure,and utilize idle resources to stimulate corporate green innovation potential.