The Impact of Overseas Backgrounds of Directors, Supervisors, and Senior Executives on the Green Innovation Ability of Enterprises: Based on Empirical Analysis of Listed Company Data from 2014 to 2023

In the face of the dual background of the national green development strategy and the difficulty of implementing enterprise green innovation, whether and how the overseas background of directors, supervisors, and senior executives, as the core decision-makers of corporate governance, can and how their overseas background can affect enterprise green innovation has become an important issue. The purpose of this study is to empirically test the impact of the overseas background of the directors, supervisors and senior management teams on the green innovation ability of enterprises, and to explore the moderating role of whether the enterprise is a key pollution monitoring unit in the external policy situation. The research method of this study is to select the data of China’s A-share listed companies from 2014 to 2023 and construct a two-way fixed effect model for empirical analysis. Based on the company’s green innovation ability, whether directors, supervisors and senior executives have overseas backgrounds are the core variables, and a series of corporate financial and governance variables are controlled. The research hypothesis was verified by benchmark regression, moderating effect test, heterogeneity analysis and robustness test. The study found that the overseas background of directors, supervisors and senior executives has a positive but not significant impact on enterprise green innovation. Key pollution monitoring policies have a significant positive moderating effect and can strengthen the promotion of green innovation from overseas backgrounds.