Do investors pay attention to the long-term sustainable company development? -北京大学战略研究所

题目	Do investors pay attention to the long-term sustainable company development?
作者	Yang, Jinjuan Qian, Kaihao Sun, Yiyao
作者单位	Shenzhen Univ, Coll Management, Shenzhen 518060, Guangdong, Peoples R China Peking Univ, Guanghua Sch Management, Beijing 100871, Peoples R China Beijing Technol & Business Univ, Sch Econ, Beijing 100048, Peoples R China
关键词：	Do investors pay attention to the longterm sustainable company development
时间：	2025年6月1日
出版者：	INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
摘要	This study investigates whether the green concerns expressed by retail investors on online platforms affect the environmental, social, and governance (ESG) performance of companies in China's A-share market. The implementation of China's dual carbon targets has received significant public support. Investors in the capital market are increasingly emphasizing the green initiatives of the companies they invest in. This creates external pressure on publicly listed firms. Results indicate that retail investors' attention to environmental sustainability significantly enhances companies' ESG performance, primarily by boosting their market reputation. The effect is more pronounced in companies from regions with lower marketization levels, those that are private enterprises, and those in the manufacturing sector.
URL	http://hdl.handle.net/20.500.11897/742656
ISSN	1057-5219
DOI	10.1016/j.irfa.2025.104025
收录情况	SSCI

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作者单位	Shenzhen Univ, Coll Management, Shenzhen 518060, Guangdong, Peoples R China Peking Univ, Guanghua Sch Management, Beijing 100871, Peoples R China Beijing Technol & Business Univ, Sch Econ, Beijing 100048, Peoples R China	时间	2025年6月1日
出版者	INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS	URL	http://hdl.handle.net/20.500.11897/742656
ISSN	1057-5219	DOI	10.1016/j.irfa.2025.104025
收录情况	SSCI	分类