Green investors and corporate ESG performance: Evidence from China

Jingyu Feng and Ying Yuan

Finance Research Letters, 2024, vol. 60, issue C

Abstract: From a green perspective, this paper examines the impact of green investors on corporate ESG performance and then investigates how the entry of green investors affects corporate ESG performance based on data from A-share-listed companies in China between 2009 and 2022. The findings suggest that the entry of green investors enhances corporate ESG performance by addressing internal financing constraints and external public environmental concerns. Furthermore, the positive influence of green investors on ESG performance is markedly pronounced in non-state-owned enterprises, highly competitive enterprises and enterprises situated in the Northern region of China.

Keywords: Green investors; Corporate ESG performance; Internal financing constraints; External public environmental concerns (search for similar items in EconPapers)
JEL-codes: G32 G34 G41 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012643

DOI: 10.1016/j.frl.2023.104892

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