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Reduced executive shareholdings and corporate green innovation

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  • Han, Gefei
  • Luo, Yanjun

Abstract

This paper uses 2016–2022 data for China's A-share listed companies to explore the effects of reduced shareholdings by executives (RSE) on corporate green innovation (CGI). RSE behavior and CGI are found to be significantly negatively correlated. Further, greater internal control and higher agency costs for listed companies reduce the inhibition of CGI resulting from RSE.

Suggested Citation

  • Han, Gefei & Luo, Yanjun, 2024. "Reduced executive shareholdings and corporate green innovation," Finance Research Letters, Elsevier, vol. 62(PB).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002356
    DOI: 10.1016/j.frl.2024.105205
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    References listed on IDEAS

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    Cited by:

    1. Wang, Juling & Liu, Lihua & Ou, Yangchao, 2024. "Low-carbon city pilot policy and corporate environmental violations: Evidence from heavily polluting firms in China," Finance Research Letters, Elsevier, vol. 65(C).
    2. Zhang, Shanfei & Xu, Guanghua & Shu, Ying & Zhu, Jian, 2024. "Corporate ESG competitive disadvantage and cost of debt financing," Finance Research Letters, Elsevier, vol. 69(PA).

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