Managerial Discretion and Corporate Green Innovation
涛 江 李 (381307944@qq.com)
As the central actors in corporate strategy formulation and resource allocation, managers exert a profound influence on a company’s green development. Against the backdrop of China’s policy-driven push for corporate green transformation, this study examines the impact of managerial discretion on corporate green innovation and its underlying mechanisms. Drawing on a sample of Chinese A-share listed companies from 2014 to 2023, the analysis integrates agency theory and stewardship theory, focusing