文献类型：期刊文献

英文题名：The relationship between heterogeneous institutional investors' shareholdings and corporate ESG performance: Evidence from China

作者：Liu, Yang[1];Jin, Xiao Meng[1];Ly, Kim Cuong[2];Mai, Yong[1]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Univ Nottingham, Nottingham Univ Business Sch, Nottingham, England

年份：2024

卷号：71

外文期刊名：RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE

收录：;WOS:【SSCI(收录号:WOS:001283959900001)】；

语种：英文

外文关键词：environmental; social; and governance; performance; institutional investors; pressure sensitive; pressure resistant; corporate governance

摘要：Institutional investors are gaining prominence in China. This study focuses on whether they can monitor corporations to better fulfill their social responsibilities. This research examines the relationship between corporations' environmental, social, and governance (ESG) performance and the shareholdings of relevant institutional investors , indicating that these shareholdings positively affect the ESG performance of Chinese companies. Notably, pressure-resistant institutional investors have a greater impact on corporate ESG performance score than pressuresensitive institutional investors, particularly for private enterprises and for those whose chief executive officers do not serve as general managers. Based on these results, this paper recommends that institutional investors fully account for their ESG performance and social responsibility when selecting investee companies. As such, this heightened awareness will attract more investment and facilitate company growth.