Green investors and corporate ESG performance: Evidence from China

被引：10
|
作者：
Feng, Jingyu [1 ]
Yuan, Ying [1 ,2 ,3 ,4 ]
机构：
[1] Northeastern Univ, Sch Business Adm, Shenyang 110169, Peoples R China
[2] Northeastern Univ, Natl Frontiers Sci Ctr Ind Intelligence & Syst Opt, Shenyang 110819, Peoples R China
[3] Northeastern Univ, Key Lab Data Analyt & Optimizat Smart Ind, Minist Educ, Shenyang, Peoples R China
[4] Northeastern Univ, Shenyang 110169, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 60卷
关键词：
Green investors; Corporate ESG performance; Internal financing constraints; External public environmental concerns;
D O I：
10.1016/j.frl.2023.104892
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
From a green perspective, this paper examines the impact of green investors on corporate ESG performance and then investigates how the entry of green investors affects corporate ESG performance based on data from A-share-listed companies in China between 2009 and 2022. The findings suggest that the entry of green investors enhances corporate ESG performance by addressing internal financing constraints and external public environmental concerns. Furthermore, the positive influence of green investors on ESG performance is markedly pronounced in non-state-owned enterprises, highly competitive enterprises and enterprises situated in the Northern region of China.
引用
收藏
页数：8
相关论文
共 50 条
  • [31] Study on the Impact of Corporate ESG Performance on Green Innovation Performance-Evidence from Listed Companies in China A-Shares
    Zhang, Jing
    Liu, Ziyang
    [J]. SUSTAINABILITY, 2023, 15 (20)
  • [32] Does ESG performance affect corporate tax avoidance? Evidence from China
    Jiang, Hongli
    Hu, Wenjie
    Jiang, Pengcheng
    [J]. FINANCE RESEARCH LETTERS, 2024, 61
  • [33] The Impact and Mechanism of ESG Performance on Corporate Continuous Innovation: Evidence from China
    Ren, Li
    Cheng, Yanping
    [J]. SUSTAINABILITY, 2024, 16 (17)
  • [34] Corporate ESG performance and trade credit financing-Evidence from China
    Luo, Chunhua
    Wei, Dianlong
    He, Feng
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2023, 85 : 337 - 351
  • [35] Digital transformation and corporate ESG: Evidence from China
    Zhao, Xiaoxia
    Cai, Lianghui
    [J]. FINANCE RESEARCH LETTERS, 2023, 58
  • [36] Green credit, green reputation, and corporate financial performance: evidence from China
    Bin Xi
    Yaran Wang
    Mingqian Yang
    [J]. Environmental Science and Pollution Research, 2022, 29 : 2401 - 2419
  • [37] Green credit, green reputation, and corporate financial performance: evidence from China
    Xi, Bin
    Wang, Yaran
    Yang, Mingqian
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (02) : 2401 - 2419
  • [38] Institutional Investors and Corporate Performance: Insights from China
    Lin, Shu-Ling
    Lu, Jun
    [J]. SUSTAINABILITY, 2019, 11 (21)
  • [39] Local government debt pressure and corporate ESG performance: Empirical evidence from China
    Nie, Song
    Liu, Junxian
    Zeng, Gang
    You, Jiyuan
    [J]. FINANCE RESEARCH LETTERS, 2023, 58
  • [40] Monitoring or Collusion? Multiple Large Shareholders and Corporate ESG Performance: Evidence from China
    Wang, Liang
    Qi, Jiahan
    Zhuang, Hongyu
    [J]. FINANCE RESEARCH LETTERS, 2023, 53
12345