Enhancing ESG performance through public fund shareholding

Meijie Yao and Wei Chen

Finance Research Letters, 2025, vol. 76, issue C

Abstract: Using sample data from Chinese A-shared listed companies from 2016 to 2022, this study investigates the impact of increasing public fund shareholding on the companies’ environmental, social, and governance (ESG) performance. Findings reveal that a higher amount of public fund shareholding positively influences listed companies’ ESG performance. This positive effect is more pronounced in regions with robust economic development. Furthermore, public fund shareholding increases the transparency of corporate information, facilitating the improvement of corporate ESG performance.

Keywords: Public fund holding; Information transparency; ESG performance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:76:y:2025:i:c:s154461232500296x

DOI: 10.1016/j.frl.2025.107032

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