Road to Sustainable Development: How Can Green Institutional Investors Improve Corporate ESG Performance in China?
持続可能な発展への道：グリーン機関投資家は中国企業のESGパフォーマンスをどのように改善できるか？ (AI 翻訳)
Binghong Lin, B. Li, Tao Zhang
🤖 gxceed AI 要約
日本語
2014～2021年の中国A株上場企業を対象に、グリーン機関投資家が企業のESGパフォーマンスに与える影響を実証分析。資金制約の緩和、グリーン経営能力の向上、コーポレートガバナンスの改善を通じて促進効果がある。非国有・ハイテク・アナリスト注目度の高い企業で効果が顕著。S・G次元への効果がE次元より大きい。市場競争の不足と環境不確実性は効果を弱める。
English
This study uses Chinese A-share listed firms from 2014-2021 to examine how green institutional investors affect corporate ESG performance. Results show they promote ESG by easing financing constraints, enhancing green management, and improving governance. Effects are stronger in non-state-owned, high-tech, and high-analyst-attention firms. The S and G dimensions benefit more than the E dimension. Insufficient competition and environmental uncertainty weaken the effect.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国のグリーン機関投資家が企業ESGに与える影響を実証。日本の機関投資家や企業にとっても、ESG投資の効果を理解する参考になる可能性がある。
In the global GX context
Provides empirical evidence from China on the role of green institutional investors in improving corporate ESG performance, contributing to the global sustainable finance literature.
👥 読者別の含意
🔬研究者:Offers empirical evidence on the mechanism of green institutional investors in enhancing ESG performance, valuable for sustainable finance and corporate governance research.
🏢実務担当者:Shows how green investors can drive ESG improvements, informing corporate strategies for attracting such investors.
🏛政策担当者:Indicates that policies supporting green institutional investment can boost corporate ESG outcomes, especially in competitive markets.
📄 Abstract（原文）
This study mainly explores how green institutional investors affect corporate ESG performance and conducts empirical analysis using Chinese A‐share listed companies from 2014 to 2021 as research samples. The research results show that green institutional investors can promote corporate ESG performance by alleviating financing constraints, enhancing green management capabilities, and improving corporate governance levels. This promoting effect is more pronounced in non‐state‐owned enterprises, high‐tech enterprises, and enterprises with high analyst attention. Further research has found that green institutional investors have a more prominent promoting effect on the performance of S and G dimensions, while the promoting effect on the performance of E dimension is relatively small. Meanwhile, insufficient market competition and environmental uncertainty will weaken the promoting effect of green institutional investors on corporate ESG performance. The research conclusion clearly presents the intrinsic relationship between green institutional investors and corporate ESG performance, providing new theoretical insights for promoting sustainable development of enterprises.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1111/beer.70067first seen 2026-05-15 20:57:59
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