Skip to main navigation Skip to search Skip to main content

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

  • Maolin Li
  • , Yan Li
  • , Zhen Li*
  • , Di Wang
  • *Corresponding author for this work
  • Fudan University
  • Renmin University of China
  • East China University of Science and Technology

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)142-149
Number of pages8
JournalApplied Economics Letters
Volume33
Issue number1
DOIs
StatePublished - 2026

Keywords

  • ESG
  • green innovation
  • green investors
  • incentive effect

Fingerprint

Dive into the research topics of 'The innovation incentive effect of green investors: evidence from fund holdings'. Together they form a unique fingerprint.

Cite this