IDEAS home Printed from https://ideas.repec.org/a/eee/finana/v98y2025ics1057521924008251.html
   My bibliography  Save this article

Ownership types and corporate environmental investment: Contingent effects of institutional and corporate factors

Author

Listed:
  • Hu, Liang
  • Chen, Shishuo

Abstract

Our study using data from 2126 China's listed firms from 2008 through 2019 investigates the influence of ownership types on corporate environmental investment by using ordinary least squares regression model. Our findings indicate that privately-owned enterprises exhibit lower levels of CEI than state-owned enterprises. Moreover, heterogeneity analysis indicates that the negative influence of private ownership on CEI is stronger for the firms in pollution industries yet weaker in regions with strong Buddhism culture. Furthermore, large firm size attenuates, but R&D intensity amplifies, the negative impact of private ownership. Our research provides evidence to CEI literature by revealing the impact of private ownership and offers advice to firms and governments.

Suggested Citation

  • Hu, Liang & Chen, Shishuo, 2025. "Ownership types and corporate environmental investment: Contingent effects of institutional and corporate factors," International Review of Financial Analysis, Elsevier, vol. 98(C).
    • Handle: RePEc:eee:finana:v:98:y:2025:i:c:s1057521924008251
    DOI: 10.1016/j.irfa.2024.103893
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1057521924008251
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.irfa.2024.103893?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:98:y:2025:i:c:s1057521924008251. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.