Sustainable Institutional Investors and Green Innovation: Evidence from Chinese Listed Firms

被引：0
|
作者：
Cao, Yifei [1 ]
Li, Yujia [2 ]
Xia, Zhiyi [3 ]
Zhang, Yurui [4 ]
机构：
[1] FOM Hsch Oekon & Management Gemeinnutzige Gesell m, Essen, Germany
[2] Changchun Guanghua Univ, Sch Business Coll, Changchun 130033, Peoples R China
[3] Univ Kent, Kent Business Sch, Canterbury, England
[4] Liaoning Univ, Asia Australia Business Coll, Shenyang, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2025年 / 61卷 / 04期
关键词：
Institutional investors; sustainable development; ESG; innovation; G23; O31; Q01; Q55; CORPORATE SOCIAL-RESPONSIBILITY; ENVIRONMENTAL DISCLOSURE; INVESTMENT; OWNERSHIP; PREFERENCES; BEHAVIOR; WORLD;
D O I：
10.1080/1540496X.2024.2401459
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the impact of sustainable institutional investors' participation in the green innovation activities of firms. We hypothesize that institutional investors with sustainable preferences integrate long-term environmental goals into their investment strategies, consequently enhancing green innovation outputs. Using a dataset of Chinese A-share listed firms, we find a significant positive relationship between the presence of sustainable institutional investors and corporate green innovation outputs. Further analysis reveals that these investors promote the disclosure of environmental information and improve firms' ESG performance, thereby providing financial support for green innovation initiatives. Our findings demonstrate that sustainable institutional investors "walk the talk" by fostering green innovation.
引用
收藏
页码：925 / 939
页数：15
相关论文
共 50 条
  • [1] Institutional investors, competition and corporate innovation: Evidence from Chinese listed firms
    Zhang, Jing
    Li, Kai
    Long, Cheryl Xiaoning
    ECONOMICS OF TRANSITION AND INSTITUTIONAL CHANGE, 2024, 32 (02) : 583 - 615
  • [2] The effects of institutional investors and their contestability on firm innovation: Evidence from Chinese listed firms*
    Zhang, Dan
    Pan, Xiaofei
    Ma, Shiguang
    RESEARCH POLICY, 2023, 52 (10)
  • [3] The influence of foreign institutional investors on audit fees: evidence from Chinese listed firms
    Li, Zhe
    Wang, Bo
    ACCOUNTING FORUM, 2024, 48 (01) : 35 - 62
  • [4] The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms
    Rong, Zhao
    Wu, Xiaokai
    Boeing, Philipp
    RESEARCH POLICY, 2017, 46 (09) : 1533 - 1551
  • [5] The effects of institutional investors on firms' green innovation
    Zhao, Jianyu
    Qu, Jing
    Wei, Jiang
    Yin, Hang
    Xi, Xi
    JOURNAL OF PRODUCT INNOVATION MANAGEMENT, 2023, 40 (02) : 195 - 230
  • [6] Foreign institutional investors and stock price synchronicity of Chinese listed firms: further evidence
    Tina T. He
    Wilson X. B. Li
    Gordon Y. N. Tang
    Eurasian Economic Review, 2019, 9 : 107 - 120
  • [7] Foreign institutional investors and stock price synchronicity of Chinese listed firms: further evidence
    He, Tina T.
    Li, Wilson X. B.
    Tang, Gordon Y. N.
    EURASIAN ECONOMIC REVIEW, 2019, 9 (01) : 107 - 120
  • [8] Global Value Chain Participation and Green Innovation: Evidence from Chinese Listed Firms
    Meng, Shuang
    Yan, Huan
    Yu, Jiajie
    INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2022, 19 (14)
  • [9] Institutional investors and corporate green innovation: Evidence from China
    Yang, Zhen
    Su, Dongwei
    Xu, Shulin
    Han, Xu
    PACIFIC ECONOMIC REVIEW, 2024, 29 (02) : 230 - 266
  • [10] Fraud, Market Reaction, and the Role of Institutional Investors in Chinese Listed Firms
    Aggarwal, Reena
    Hu, May
    Yang, Jingjing
    JOURNAL OF PORTFOLIO MANAGEMENT, 2015, 41 (05): : 92 - 109
12345