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

Maolin Li; Yan Li; Zhen Li; Di Wang

doi:10.1080/13504851.2024.2363999

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

Maolin Li
, Yan Li
, Zhen Li^*
, Di Wang

^*此作品的通讯作者

经济与管理学院

Fudan University
Renmin University of China
East China University of Science and Technology

科研成果: 期刊稿件 › 文章 › 同行评审

4 引用（Scopus）

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.

源语言	英语
页（从-至）	142-149
页数	8
期刊	Applied Economics Letters
卷	33
期	1
DOI	https://doi.org/10.1080/13504851.2024.2363999
出版状态	已出版 - 2026

访问文件

10.1080/13504851.2024.2363999

其它文件与链接

链接到 Scopus 的出版物

引用此

@article{565cd983707a4efc9d8ad99b4d9b1e14,

title = "The innovation incentive effect of green investors: evidence from fund holdings",

abstract = "Using data from China A-share non-financial listed firms and mutual funds between 2010–2020, we investigate green investors{\textquoteright} 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.",

keywords = "ESG, green innovation, green investors, incentive effect",

author = "Maolin Li and Yan Li and Zhen Li and Di Wang",

note = "Publisher Copyright: {\textcopyright} 2024 Informa UK Limited, trading as Taylor \& Francis Group.",

year = "2026",

doi = "10.1080/13504851.2024.2363999",

language = "英语",

volume = "33",

pages = "142--149",

journal = "Applied Economics Letters",

issn = "1350-4851",

publisher = "Routledge",

number = "1",

}

TY - JOUR

T1 - The innovation incentive effect of green investors

T2 - evidence from fund holdings

AU - Li, Maolin

AU - Li, Yan

AU - Li, Zhen

AU - Wang, Di

PY - 2026

Y1 - 2026

N2 - 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.

AB - 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.

KW - ESG

KW - green innovation

KW - green investors

KW - incentive effect

UR - https://www.scopus.com/pages/publications/85195647697

U2 - 10.1080/13504851.2024.2363999

DO - 10.1080/13504851.2024.2363999

M3 - 文章

AN - SCOPUS:85195647697

SN - 1350-4851

VL - 33

SP - 142

EP - 149

JO - Applied Economics Letters

JF - Applied Economics Letters

IS - 1

ER -

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

摘要

访问文件

其它文件与链接

学术指纹

引用此