Description:
This paper focuses on how management power affects corporate green innovation. Through a survey of Chinese listed manufacturing firms during 2012-2019, we find that the relationship between management power and green innovation is negative and significant, and it is more pronounced in state-owned firms. Furthermore, our study shows that in SOEs, management power inhibits corporate green innovation by reducing innovation inputs. In addition, mixed ownership reforms in SOEs can strengthen management power and thus negatively affect green innovation