Board Gender Diversity and Corporate Green Innovation: Evidence from China

Abstract

A green economy is the current trend of sustainable development for the global economy. Using Chinese A-share listed enterprises from 2010 to 2020, this study examines how board gender diversity affects green innovation. Results show that board gender diversity significantly promotes the number and quality of green innovations and that R&D and governments support, as essential intermediary mechanisms have positive effects on the relationship between female directors and green innovation. Moreover, heterogeneous analyses show that high levels of ESG, gender diversity of directorial boards of state-owned enterprises, and large enterprises have a more significant role in promoting green innovation. The study provides empirical evidence for the development of green innovation and theoretical support for the transformation of corporate strategic thinking with more women participating in executive decision-making.