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United in green: Institutional dual ownership and corporate green innovation

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  • Zhang, Yanyuan
  • Ding, Yanqi
  • Yan, Weichen

Abstract

This study investigates the impact of institutional investors holding firm’s debt and equity (“dual-holders”) on corporate green innovation. Findings reveal that dual-holders significantly promote green innovation by reducing information asymmetry and alleviating financial constraints. The effect is stronger in heavily polluting industries and firms with lower agency costs. These findings highlight the vital role of dual-holders in promoting corporate green innovation.

Suggested Citation

  • Zhang, Yanyuan & Ding, Yanqi & Yan, Weichen, 2025. "United in green: Institutional dual ownership and corporate green innovation," Finance Research Letters, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:finlet:v:84:y:2025:i:c:s1544612325010724
    DOI: 10.1016/j.frl.2025.107814
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    References listed on IDEAS

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