CEO Power and Corporate Green Governance from the Perspective of Input-output Efficiency

Chief executive officer (CEO) plays a key role in corporate green governance, this paper innovatively studies the impact of CEO's power on corporate green governance from the perspective of efficiency. In the first stage, BCC-DEA model is utilized to measure corporate green input-output efficiency, input redundancy and output deficiency. In the second stage, we examine the relation between the power of CEO and the green governance efficiency of Chinese listed companies using an unbalanced panel data for the seven years 2013-2019. Our results support the idea that powerful CEO is influential in mobilizing corporate resources and improving green governance efficiency, and this relationship is amplified when the CEO has high social responsibility awareness. The research results support the positive impact of powerful CEOs in corporate green governance, and also conducive to appeal board and management to strengthen CEOs' awareness of social environmental protection.