Abstract From the perspective of executives' geographical ties, this study selects listed companies on the Shanghai and Shenzhen A-share markets from 2009 to 2023 as the research sample, and discusses the impact and mechanisms of CEOs from different hometowns (non-local CEOs) on the green transformation of enterprises. The study finds that non-local CEOs can significantly promote corporate green transformation. The mechanism test indicates that non-local CEOs can alleviate the “ intention”, “ capability”, and “ resource” dilemmas faced by enterprises during the green transformation process by mitigating managerial myopia, enhancing the company's risk-taking ability, and increasing the abundance of redundant resources. Further analysis from the perspective of stakeholders' green focus finds that the higher the green focus from local governments, social media, and investors, the more pronounced the promoting effect of non-local CEOs on corporate green transformation. Further analysis at the regional level reveals that the promoting effect of non-local CEOs on corporate green transformation is more pronounced in the eastern regions. This study uncovers the significant impact of informal institutional drivers on corporate green transformation, offering micro-level empirical references for a deeper understanding of the positive significance of orderly and effective talent mobility for national green development, and for refining policies on talent mobility across regions.
WANG Xingyue,WANG Tao,FENG Qiaogen. Study on the Informal Institutional Drivers of Corporate Green Transformation: Evidence from the Perspective of Executives' Geographic Ties. Economic Survey, 2025, 42(1): 080.
2025, Vol. 42 
