Does the institutional environment influence corporate social responsibility? Consideration of green investment of enterprises—evidence from China

Green investment, as a socially responsible investment, conforms to the concept of ecological civilization. It is considerable to promote enterprises to make green investment. This article is based on 211 questionnaires for employees of various enterprises in China, using STATA.14 for descriptive statistical analysis, logistical regression analysis, and trend analysis. It aims to explore the impact of government-led institutional environment on enterprises from five aspects. This study examines that the institutional environment has a positive effect on enterprise’ green investment from the legal and cultural aspects, but it has no significant impact from the political, economic, and financial aspects. Finally, this paper provides policy advice that can promote the construction of institutional environment to encourage enterprises to make green investment.