企业ESG绩效与机构投资者持股偏好

IF 0.4 Q4 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY

International Journal of Innovation and Sustainable Development Pub Date : 2023-09-21 DOI:10.54097/jid.v4i2.12023

Ziyi Wang

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引用次数: 0

摘要

随着ESG投资理念的广泛认同，中国证券市场的机构投资者越来越关注企业的ESG绩效。然而，不同类型的机构投资者对ESG绩效的关注程度不同，其持股偏好也可能不同。本文以2018 - 2021年a股上市公司为样本进行实证研究。结果表明:总体上，机构投资者在中国a股市场具有明显的ESG偏好，企业ESG绩效与机构持股比例显著正相关。对不同类型机构投资者的研究表明，与非独立机构投资者相比，独立机构投资者对持股的ESG偏好更为明显。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Corporate ESG Performance and Shareholding Preference of Institutional Investors

With the widespread recognition of ESG investment concept, institutional investors in China's securities market are paying more and more attention to ESG performance of enterprises. However, different types of institutional investors pay different attention to ESG performance, and their shareholding preferences may be different. This paper takes A-share listed companies from 2018 to 2021 as samples to conduct an empirical study. The results show that: on the whole, institutional investors have an obvious ESG preference in China's A-share market, and corporate ESG performance is significantly positively correlated with institutional shareholding ratio. The research on different types of institutional investors shows that independent institutional investors have more obvious ESG preference for shareholding compared with non-independent institutional investors.

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来源期刊

International Journal of Innovation and Sustainable Development GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY-

CiteScore

1.50

自引率

14.30%

发文量

期刊介绍： The IJISD focuses on broad aspects of innovation and sustainable development. It fosters discussion not only on technological innovation but on new ways of thinking about the complex and contested issues of sustainable development. Innovative thinking and practices in areas of economics, policy-making, legislation, health, education and the institutional barriers to sustainable development form the basis of the discourse to be fostered.