Green investors and corporate ESG performance: Evidence from China

被引：30
|
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.
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页数：8
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