Green new hiring

Green new hiring

The mere marketing of firms as environmentally friendly does not mean that the firms are genuinely green. In this paper, we propose a new measure, Green Score, to capture firms’ investment in green human capital based on the concentration of green skills required in firms’ job postings. First, we fi...

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Main Authors: Darendeli, Alper, Law, Kelvin Kai Fung, Shen, Michael
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2023
Subjects:
Business::Management
Human Capital
Sustainability
Online Access:https://hdl.handle.net/10356/166657
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Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-166657
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spelling sg-ntu-dr.10356-1666572023-05-19T07:35:24Z Green new hiring Darendeli, Alper Law, Kelvin Kai Fung Shen, Michael Nanyang Business School Business::Management Human Capital Sustainability The mere marketing of firms as environmentally friendly does not mean that the firms are genuinely green. In this paper, we propose a new measure, Green Score, to capture firms’ investment in green human capital based on the concentration of green skills required in firms’ job postings. First, we find that firms that increase their Green Score have higher future profitability. Second, firms that increase their Green Score generate more green patents, and those green patents are of higher quality and receive more citations. Third, traditional ratings widely used to evaluate firms’ environmental efforts do not consider firms’ Green Score. Overall, our new action-based measure is simpler and less subjective and it offers a larger time-series variation than traditional disclosure-based environmental ratings. Nanyang Technological University Published version Darendeli and Law acknowledge financial support from Nanyang Technological University’s Start-Up Grants. Shen acknowledges financial support from National University of Singapore’s Start-Up Grant (A-0003869-00-00). 2023-05-05T06:33:23Z 2023-05-05T06:33:23Z 2022 Journal Article Darendeli, A., Law, K. K. F. & Shen, M. (2022). Green new hiring. Review of Accounting Studies, 27(3), 986-1037. https://dx.doi.org/10.1007/s11142-022-09696-y 1380-6653 https://hdl.handle.net/10356/166657 10.1007/s11142-022-09696-y 2-s2.0-85135259999 3 27 986 1037 en NTU-SUG Review of Accounting Studies © 2022 The Author(s). This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ . application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Business::Management
Human Capital
Sustainability
spellingShingle Business::Management
Human Capital
Sustainability
Darendeli, Alper
Law, Kelvin Kai Fung
Shen, Michael
Green new hiring
description The mere marketing of firms as environmentally friendly does not mean that the firms are genuinely green. In this paper, we propose a new measure, Green Score, to capture firms’ investment in green human capital based on the concentration of green skills required in firms’ job postings. First, we find that firms that increase their Green Score have higher future profitability. Second, firms that increase their Green Score generate more green patents, and those green patents are of higher quality and receive more citations. Third, traditional ratings widely used to evaluate firms’ environmental efforts do not consider firms’ Green Score. Overall, our new action-based measure is simpler and less subjective and it offers a larger time-series variation than traditional disclosure-based environmental ratings.
author2 Nanyang Business School
author_facet Nanyang Business School
Darendeli, Alper
Law, Kelvin Kai Fung
Shen, Michael
format Article
author Darendeli, Alper
Law, Kelvin Kai Fung
Shen, Michael
author_sort Darendeli, Alper
title Green new hiring
title_short Green new hiring
title_full Green new hiring
title_fullStr Green new hiring
title_full_unstemmed Green new hiring
title_sort green new hiring
publishDate 2023
url https://hdl.handle.net/10356/166657
_version_ 1772826116923326464

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