International Journal of Production Economics, Journal Year: 2024, Volume and Issue: unknown, P. 109436 - 109436
Published: Oct. 1, 2024
Language: Английский
International Journal of Production Economics, Journal Year: 2024, Volume and Issue: unknown, P. 109436 - 109436
Published: Oct. 1, 2024
Language: Английский
Economic Modelling, Journal Year: 2025, Volume and Issue: unknown, P. 107024 - 107024
Published: Feb. 1, 2025
Language: Английский
Citations
1Energy, Journal Year: 2024, Volume and Issue: 306, P. 132563 - 132563
Published: Oct. 1, 2024
Language: Английский
Citations
4International Review of Financial Analysis, Journal Year: 2025, Volume and Issue: unknown, P. 104056 - 104056
Published: Feb. 1, 2025
Language: Английский
Citations
0Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 107118 - 107118
Published: Feb. 1, 2025
Language: Английский
Citations
0Economic Modelling, Journal Year: 2025, Volume and Issue: unknown, P. 107051 - 107051
Published: March 1, 2025
Language: Английский
Citations
0Sustainability Accounting Management and Policy Journal, Journal Year: 2025, Volume and Issue: unknown
Published: March 28, 2025
Purpose The rapid development of the internet and information technology has fundamentally reshaped mechanisms exchange among participants in capital market. Despite increasing importance investor–firm online interactions (IFOIs), there is limited understanding whether they affect corporate environmental, social governance (ESG) performance. Using unique experimental setting provided by China’s official interactive investor platforms – Hudongyi Ehudong this study aims to investigate impact IFOI quality on ESG performance, as well underlying mechanisms. Design/methodology/approach sample for consists Chinese A-share non-financial listed firms from 2010 2022. Both ordinary least squares regression ordered logit are used benchmark empirical tests. To address potential endogeneity issues, a series robustness checks conducted, including instrumental variable method propensity score matching. Findings authors obtain robust results indicating that high-quality IFOIs exert positive significant effect Channel tests reveal can mitigate managerial myopia transparency, thereby enhancing firms’ incentives engage practices. also find more pronounced when ESG-related issues included Q&A sessions, with higher financial constraints greater external pressure. Furthermore, most observed responsibility component sub-items. High-quality significantly reduce divergence ratings. number tone management responses Finally, improved performance increase Research limitations/implications This paper several limitations. First, employ soft cosine similarity measure IFOIs, which may be subject noise interference, look forward better metrics future. Second, due data availability specific focus study, China. Future research could explore appropriate contexts expanding other industries emerging markets. Practical implications provides insights regulatory authorities strengthen role media an important mechanism offers theoretical basis integrating real economy.Moreover, findings suggest improving contribute firms. Social valuable guidance countries large proportion retail investors, emphasising policy supervision fostering IFOIs. In addition, it suggests relations crucial promoting sustainable economies, such Originality/value contributes literature determinants exploring two-way communication between managers investors. It enriches shaping investment decisions.
Language: Английский
Citations
0Journal of Economic Behavior & Organization, Journal Year: 2025, Volume and Issue: 234, P. 107007 - 107007
Published: April 18, 2025
Language: Английский
Citations
0International Journal of Production Economics, Journal Year: 2024, Volume and Issue: unknown, P. 109436 - 109436
Published: Oct. 1, 2024
Language: Английский
Citations
3