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Institutional joint shareholding, digital transformation and corporate ESG performance

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  • Hu, Yaoxing
  • Yang, Xinyao

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.

Suggested Citation

  • Hu, Yaoxing & Yang, Xinyao, 2025. "Institutional joint shareholding, digital transformation and corporate ESG performance," Finance Research Letters, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324013655
    DOI: 10.1016/j.frl.2024.106336
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