Institutional joint shareholding, digital transformation and corporate ESG performance

Yaoxing Hu and Xinyao Yang

Finance Research Letters, 2025, vol. 74, issue C

Abstract: Based on the data of Shanghai and Shenzhen A-shares from 2008 to 2023, this paper verifies the impact of institutional co-ownership on the ESG performance of enterprises. We find that institutional co-ownership will lead to a decrease in ESG performance, and corporate information transparency plays an intermediary role, resulting in a collusive effect with institutional co-ownership. In addition, digital transformation plays a moderating role, helping to alleviate the inhibitory effect of institutional co-shareholding on ESG performance, and finally turning into a positive promoting effect.

Keywords: Institutional joint shareholding; Digital transformation; ESG performance of enterprises; Transparency of information; Conflict effect (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324013655

DOI: 10.1016/j.frl.2024.106336

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