Emerging Markets Review, Год журнала: 2024, Номер 63, С. 101220 - 101220
Опубликована: Ноя. 7, 2024
Язык: Английский
Sustainable Futures, Год журнала: 2025, Номер unknown, С. 100441 - 100441
Опубликована: Янв. 1, 2025
Язык: Английский
Процитировано
3
Sustainability, Год журнала: 2024, Номер 16(15), С. 6582 - 6582
Опубликована: Авг. 1, 2024
ESG (Environmental, Social, and Governance) performance is an essential indicator for measuring the sustainability of corporations. It has received increased attention from capital market participants after proposal ‘dual carbon’ goal. Innovation a necessary skill corporations to compete in market. Therefore, this study investigates impact innovation on based dual incentive perspective government subsidies equity incentives. Using data China’s A-share main board listed 2017 2022, OLS (Ordinary Least Squares) models are constructed conduct empirical research. The results show that enhanced can significantly improve corporate performance. This paper also conducts other tests ensure robustness findings address potential endogeneity issues. Further analysis shows both using as external incentives internal positively moderate above findings. Heterogeneity analyses discover granted asset-advantaged have more substantial moderating effect than those asset-weakened corporations; core technical staff executives. concept with enhance aid developing programs their generate novel ideas high-quality, sustainable development.
Язык: Английский
Процитировано
4
Applied Economics Letters, Год журнала: 2025, Номер unknown, С. 1 - 7
Опубликована: Янв. 2, 2025
The rapid expansion of Environmental, Social, and Governance (ESG) mutual funds within China's capital market has become a significant catalyst for corporate green transformation. This study examines the influence ESG shareholder engagement on investment by analysing panel dataset A-share listed companies from 2010 to 2019. results indicate that ESG-focused markedly enhances investment, with most pronounced effects observed in state-owned enterprises heavily polluting industries. These conclusions are robust across various tests. research contributes literature underscoring pivotal role markets advancing environmental responsibility offers actionable insights promoting investments through targeted engagement.
Язык: Английский
Процитировано
0
Corporate Governance An International Review, Год журнала: 2025, Номер unknown
Опубликована: Янв. 10, 2025
ABSTRACT Research Question/Issue This paper reviews key theories on the governance role of institutional investors, examines ownership trends globally, and highlights recent research their evolving impact corporate governance. The also incorporates insights from select Special Issue articles dedicated to understanding investors worldwide. Findings/Insights We show that while most existing focuses United States, evidence significant global growth in ownership. However, examining outside States remains limited, despite some progress. Theoretical/Academic Implications Institutional are increasingly shaping capital markets through growing ownership, increased shareholder activism, rising passive investment strategies. provide recommendations for relevant topics guide future research, including preferences (i.e., voice vs. exit) across different investor types international settings, as well collective influence multiple practices outcomes. Practitioner/Policy There is a meaningful need studies address effectiveness around world. A better settings should improve corporations and, more broadly, society. JEL Classification G32, G34
Язык: Английский
Процитировано
0
Applied Economics Letters, Год журнала: 2025, Номер unknown, С. 1 - 7
Опубликована: Янв. 15, 2025
ESG management of China's new energy vehicle (NEV) industry is vital to advancing sustainable development goals (SDGs). However, NEV industrial chain faces challenges, including carbon emissions, quality control, and legal compliance, which undermine corporate sustainability, hinder institutional investors from achieving long-term benefits client demands. Currently, information advantage in the co-holding network determines how much resources can provide optimize strategies. Therefore, we explore impact investors' on performance using listed companies chain. In China, holding below 5% shares dominate, they advance agenda through social media. Considering this, networks with thresholds are constructed adequately identify exchange, centralities measuring advantage. Results show that 1% increase improves by 0.163%. Positive moderating effects green innovation digital transformation more significant large-scale companies, while those financing disclosure small-scale ones. All these upstream. These findings develop policies for various scales promote SDGs.
Язык: Английский
Процитировано
0
Tạp chí Khoa học Thương mại, Год журнала: 2025, Номер unknown, С. 43 - 60
Опубликована: Янв. 15, 2025
Bài báo về một nghiên cứu kiểm định tác động gián tiếp của thông tin truyền số trên từng khía cạnh môi trường (E), xã hội (S), quản trị công ty (G) mà người tiêu dùng trẻ cảm nhận được tới ý mua hàng họ, qua 2 biến trung gian là danh tiếng thương hiệu và niềm hiệu. Trường hợp điển hình nhãn sữa MILO. Kết quả cho thấy, trong trẻ, E S có ảnh hưởng tích cực đến Danh nhân tố thúc đẩy Tuy nhiên, không thấy nghĩa thống kê G trẻ. đưa ra hàm để các làm tăng ở Việt Nam, chỉ tập vào việc cung cấp sản phẩm dịch vụ chất lượng còn cần chú trọng xây dựng mối quan hệ với khách nền tảng nghệ cả 3 mảng nội dung ESG.
Процитировано
0
Sustainability, Год журнала: 2025, Номер 17(2), С. 741 - 741
Опубликована: Янв. 18, 2025
In response to the increasing global emphasis on environmental accountability, issue of greenwashing requires urgent resolution. This research investigates how state ownership affects behaviors in Chinese A-share private companies over period from 2010 2021, utilizing resource support and supervisory governance as analytical frameworks. Empirical analysis reveals that state-owned shareholder holdings significantly inhibit practices enterprises, with this result remaining robust across various sensitivity tests. Furthermore, it is demonstrated these reduce through both pathways. study enhances scholarly understanding capital impacts firms underscores distinctive roles benefits shareholders bring mixed-ownership reform process. The results suggest new pathways for fostering sustainable development enterprises offer crucial insights policymakers focused advancing reforms ensuring corporate accountability.
Язык: Английский
Процитировано
0
China Accounting and Finance Review, Год журнала: 2025, Номер unknown
Опубликована: Фев. 12, 2025
Purpose This study examines the impact of firm-level climate risk exposure (FCRE) on firm stock liquidity by using a sample Indian-listed firms from financial years 2003–2004 to 2022–2023. Further, it endeavors investigate moderating role environmental, social and governance (ESG) disclosure in this relationship. Design/methodology/approach A novel text-based FCRE metric is introduced sophisticated Word2Vec model through Python-generated algorithm for each year based management discussions analysis (MD&A) reports. The panel fixed effect used how affects liquidity. Findings result shows that negatively firms’ liquidity, remains robust after addressing endogeneity concerns. In addition, we find high ESG rating significantly moderated adverse FCRE. Furthermore, our reveals investor sentiment, information quality, corporate life cycle institutional holdings moderate Practical implications offers valuable insights investors, managers policymakers integrating into investment strategies, improving shaping policies incentivize sustainable behavior. Originality/value To best knowledge, an early explore relationship between firm-specific advanced machine learning techniques. It contributes existing literature illustrating can lead market reactions while highlighting critical roles practices, sentiment quality influencing
Язык: Английский
Процитировано
0
Business Process Management Journal, Год журнала: 2025, Номер unknown
Опубликована: Фев. 19, 2025
Purpose Environmental, social and governance (ESG) greenwashing is a form of responsibility response that appears compliant but substantively oppositional. As an abnormal behavior, existing research has rarely focused on the deep-seated strategic logic behind ESG greenwashing. Business strategy emerges as linchpin for companies undertaking series decision-making actions. Consequently, this seeks to provide new insights into drivers corporate role institutional investors in mitigating these practices. Design/methodology/approach The utilizes empirical analysis based data from Chinese A-share listed Shanghai Shenzhen stock exchanges 2010 2022. performance sourced Bloomberg Disclosure Ratings Thomson Reuters’ Asset4 database. assessed using six key indicators. study employs theory analytical framework, examining impact business investigating internal mechanisms driving behaviors. Findings finds compared with defender strategies, prospector strategies are more likely lead behavior. Specifically, aggressive tend facilitate Mechanism indicates that, defenders, prospectors induce by increasing information asymmetry (reputation effect) being constrained financing limitations (profit-seeking effect). From external perspective, investor ownership can mitigate Furthermore, additional confirms heavily polluting industries, positive effect pronounced, whereas implementing Environmental Protection Tax Law curtails Originality/value This analyzes greenwashing, particularly context emerging economies such China, contributing uniquely literature green management. extends application field environmental introduces concepts reputation profit-seeking effects, offering fresh perspectives understanding It also provides evidence addressing managerial opportunism related enriching theoretical framework. Finally, highlights need establish stronger effectively tackle valuable future practice.
Язык: Английский
Процитировано
0
IGI Global eBooks, Год журнала: 2025, Номер unknown, С. 63 - 106
Опубликована: Фев. 26, 2025
This chapter explores how institutional investors and managerial engagement influence sustainability assurance, using ESG ratings as a proxy. Based on stakeholder agency theories, it examines the effects of long-term short-term practices engagement, measured by shareholdings, moderates these impacts. Data from China's A-share market (2013-2022) with fixed-effects panel analysis was utilized, robustness checks Bloomberg confirming findings. Heterogeneity firm characteristics pollution intensity further supports hypotheses. Results highlight engagement's role in aligning corporate investor expectations, offering insights to enhance assurance.
Язык: Английский
Процитировано
0