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Green institutional investors’ shareholding and corporate environmental responsibility

Author

Listed:
  • Shi, Bo
  • Wang, Xiaoran
  • Jiang, Xiaowen
  • Yang, Huikang
  • Sui, Wenzhao

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.

Suggested Citation

  • Shi, Bo & Wang, Xiaoran & Jiang, Xiaowen & Yang, Huikang & Sui, Wenzhao, 2024. "Green institutional investors’ shareholding and corporate environmental responsibility," Finance Research Letters, Elsevier, vol. 62(PB).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002629
    DOI: 10.1016/j.frl.2024.105232
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    References listed on IDEAS

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    Cited by:

    1. Yang, Jichen & Gu, Yali, 2024. "Peer spillovers of environmental penalties - Evidence from green mergers and acquisitions," Finance Research Letters, Elsevier, vol. 69(PB).
    2. Hu, Weixuan & Shi, Shuling, 2025. "CEO green background and enterprise green innovation," International Review of Economics & Finance, Elsevier, vol. 97(C).

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