We widely explore the positive effect of female executives on ECI, the energy consumption per unit of output. We find that female executives will promote ECI reduction of corporate. And the result holds after a series of robustness and endogeneity tests. Further analysis indicates that the positive effect will be stronger in enterprises with lower level of environmental regulation, in heavily polluting industry, and whose executives with more environmental background. Moreover, female executives will reduce ECI by promoting green innovation, both in quantity and quality. Our results enrich the study of female executives on corporate environmentally friendly development, focusing on green innovation as underlying channel.

中文翻译：

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女性高管与能源消耗强度：绿色创新的作用

我们广泛探讨了女性高管对 ECI（单位产出能源消耗）的积极影响。我们发现女性高管会促进企业ECI的降低。经过一系列稳健性和内生性测试后，结果仍然成立。进一步分析表明，环境监管水平较低、污染严重的行业、高管环境背景较高的企业，其正向效应更强。此外，女性高管将通过促进数量和质量上的绿色创新来降低ECI。我们的研究结果丰富了女性高管对企业环境友好发展的研究，重点关注绿色创新作为底层渠道。