气候变化领域集成服务门户(CCPortal): Institutional investor ESG activism and corporate green innovation against climate change: Exploring differences between digital and non-digital firms

CCPortal

DOI	10.1016/j.techfore.2023.123129
	Institutional investor ESG activism and corporate green innovation against climate change: Exploring differences between digital and non-digital firms
	Jin, Chenfei; Monfort, Abel; Chen, Feng; Xia, Neng; Wu, Bao
发表日期	2024
ISSN	0040-1625
EISSN	1873-5509
起始页码	200
卷号	200
英文摘要	This paper proposes that institutional investor ESG activism affects corporate green innovation through two attention mechanisms: intra-firm allocation of attention and inter-firm integration of attention. Using the attentionbased view within an agency framework, we explore the moderating roles of media coverage and industrial chain relatedness in attention mechanisms, and whether such moderating effects differ in digital and non-digital firms. Using a dataset of 2726 Chinese listed firms from 2007 to 2021, we find that ESG activism by institutional investors enhances corporate green innovation, and media coverage strengthens this positive linkage. The positive moderating role of media coverage is more impactful in digital firms than in non-digital firms. An unexpected finding is that industrial chain relatedness negatively moderates the influence of ESG activism on green innovation, but this negative moderation is alleviated in digital firms. These findings provide novel implications for firms as they address agency conflicts through shareholder activism and advance green innovation in the digital era.
英文关键词	ESG activism; Green innovation; Media coverage; Industrial chain relatedness; Digitalization
语种	英语
WOS研究方向	Business & Economics ; Public Administration
WOS类目	Business ; Regional & Urban Planning
WOS记录号	WOS:001154289400001
来源期刊	TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/293162
作者单位	Zhejiang University of Technology; ESIC; ESIC Business & Marketing School; ESIC University; Zhejiang University of Technology
推荐引用方式 GB/T 7714	Jin, Chenfei,Monfort, Abel,Chen, Feng,et al. Institutional investor ESG activism and corporate green innovation against climate change: Exploring differences between digital and non-digital firms[J],2024,200.
APA	Jin, Chenfei,Monfort, Abel,Chen, Feng,Xia, Neng,&Wu, Bao.(2024).Institutional investor ESG activism and corporate green innovation against climate change: Exploring differences between digital and non-digital firms.TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE,200.
MLA	Jin, Chenfei,et al."Institutional investor ESG activism and corporate green innovation against climate change: Exploring differences between digital and non-digital firms".TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE 200(2024).