Green institutional investors’ shareholding and corporate environmental responsibility

Bo Shi, Xiaoran Wang, Xiaowen Jiang, Huikang Yang and Wenzhao Sui

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: Data on listed companies in China from 2016 to 2022 serve as a research sample to investigate whether shareholding by green institutional investors improves the environmental governance performance and initiatives of listed companies. Shareholding by green institutional investors is shown to improve the environmental performance and initiatives of listed companies. The promotion effect of green institutional investors in improving the environmental performance of listed companies is more evident for non-state-owned enterprises and those in non-heavily polluted industries than their counterparts.

Keywords: Green institutional investors; Environmental responsibility; Green innovation (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002629

DOI: 10.1016/j.frl.2024.105232

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