文献类型：期刊文献

英文题名：The innovation incentive effect of green investors: evidence from fund holdings

作者：Li, Maolin[1,2];Li, Yan[3];Li, Zhen[4];Wang, Di[1]

机构：[1]Fudan Univ, Sch Econ, Shanghai, Peoples R China;[2]Renmin Univ China, Inst Financial Technol, Beijing, Peoples R China;[3]East China Univ Sci & Technol, Sch Foreign Languages, Shanghai, Peoples R China;[4]East China Normal Univ, Sch Econ & Management, Shanghai 200062, Peoples R China

年份：2026

卷号：33

期号：1

起止页码：142

外文期刊名：APPLIED ECONOMICS LETTERS

收录：;WOS:【SSCI(收录号:WOS:001244631700001)】；

基金：The work was supported by the National Social Science Fund of China [22BJL045].

语种：英文

外文关键词：ESG; green investors; green innovation; incentive effect

摘要：Using data from China A-share non-financial listed firms and mutual funds between 2010-2020, we investigate green investors' impact on corporate green innovation. Consonant with the received literature, we find a significant incentivization effect, where green shareholders positively influence innovation by improving governance and mitigating financial constraints. This result suggests that incentivization is more pronounced in the realm of utility innovation and within state-owned enterprises.