Corporate strategic aggression and environmental investment decisions: Evidence from A-share listed firms

被引：0
|
作者：
Zhang, Xinyuan [1 ,2 ]
Wu, Jiangqiu [1 ]
Nor, Mohammad Nazri Bin Mohd [2 ]
Quah, Chee Heong [2 ]
机构：
[1] Jimei Univ, Sch Business Adm, Dept Business Adm, Xiamen 361021, Fujian, Peoples R China
[2] Univ Malaya, Fac Business & Econ, Dept Management & Mkt, Kuala Lumpur 50603, Malaysia
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2024年 / 95卷
关键词：
Strategic aggressiveness; Environmental investment decision; ESG; Innovation ability; Management tone manipulation;
D O I：
10.1016/j.irfa.2024.103528
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Corporate strategy greatly influences corporate investment activities. This study seeks to better understand the relationship between the level of corporate strategic aggression and environmental investment decisions based on 2011-2020 data. We find that increasing the intensity of strategic aggression effectively increases environmental investment. Moreover, this effect is incentivized by good corporate environmental, social, and governance performance, innovation ability, and management tone manipulation. Although financing constraints may hinder the positive effects of corporate aggression on environmental investment, independent directors and corporate risk promote maximum positive effects. These findings enable companies to identify strategically motivating factors for improving environmental protection.
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页数：7
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