The impact of investor communication on enterprise green innovation

Jun Wang

Finance Research Letters, 2023, vol. 57, issue C

Abstract: This paper investigates the relationship between investor communication and corporate green innovation, and the inherent mechanism of action between them. Based on the data of companies listed on the Shenzhen Stock Exchange from 2013 to 2021, we show that investors play an important role in information transfer and external supervision through communication with companies, thus improving corporate green innovation performance. Investors gain a better understanding of companies' operations and intrinsic value through communication, thus reducing the financing cost and alleviating the financing constraint of companies' green innovation.

Keywords: Investor communication; Green innovation; Financing constraint (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005305

DOI: 10.1016/j.frl.2023.104158

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