Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms

This article examines the impact of cross-shareholding on corporate environmental investment (Env) using Chinese listed firms from 2014 to 2019 as the research setting. The results show that there is a positive impact of cross-shareholding on corporate environmental investment. The finding remains r...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Jinfang Tian, Wei Cao, Xuzhao Ji
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	cross-shareholding environmental investment corporate sustainable development emerging market China Psychology BF1-990
Acceso en línea:	https://doaj.org/article/ea23a2a290b949aeb73657a77d6e3718
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:ea23a2a290b949aeb73657a77d6e3718
record_format	dspace
spelling	oai:doaj.org-article:ea23a2a290b949aeb73657a77d6e37182021-11-05T05:41:33ZIs Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms1664-107810.3389/fpsyg.2021.789811https://doaj.org/article/ea23a2a290b949aeb73657a77d6e37182021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpsyg.2021.789811/fullhttps://doaj.org/toc/1664-1078This article examines the impact of cross-shareholding on corporate environmental investment (Env) using Chinese listed firms from 2014 to 2019 as the research setting. The results show that there is a positive impact of cross-shareholding on corporate environmental investment. The finding remains robust to a battery of robustness checks. In addition, the heterogeneity analysis illustrates that the positive impact of cross-shareholding on corporate environmental investment is more pronounced in state-owned firms and high-polluting industries when compared to non-state-owned firms and low-polluting industries, respectively. This study extends the research on cross-shareholding and provides practical implications for corporate sustainable development.Jinfang TianWei CaoXuzhao JiFrontiers Media S.A.articlecross-shareholdingenvironmental investmentcorporate sustainable developmentemerging marketChinaPsychologyBF1-990ENFrontiers in Psychology, Vol 12 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	cross-shareholding environmental investment corporate sustainable development emerging market China Psychology BF1-990
spellingShingle	cross-shareholding environmental investment corporate sustainable development emerging market China Psychology BF1-990 Jinfang Tian Wei Cao Xuzhao Ji Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms
description	This article examines the impact of cross-shareholding on corporate environmental investment (Env) using Chinese listed firms from 2014 to 2019 as the research setting. The results show that there is a positive impact of cross-shareholding on corporate environmental investment. The finding remains robust to a battery of robustness checks. In addition, the heterogeneity analysis illustrates that the positive impact of cross-shareholding on corporate environmental investment is more pronounced in state-owned firms and high-polluting industries when compared to non-state-owned firms and low-polluting industries, respectively. This study extends the research on cross-shareholding and provides practical implications for corporate sustainable development.
format	article
author	Jinfang Tian Wei Cao Xuzhao Ji
author_facet	Jinfang Tian Wei Cao Xuzhao Ji
author_sort	Jinfang Tian
title	Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms
title_short	Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms
title_full	Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms
title_fullStr	Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms
title_full_unstemmed	Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms
title_sort	is cross-shareholding conducive to corporate sustainability? evidence from the environmental investment of chinese listed firms
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/ea23a2a290b949aeb73657a77d6e3718
work_keys_str_mv	AT jinfangtian iscrossshareholdingconducivetocorporatesustainabilityevidencefromtheenvironmentalinvestmentofchineselistedfirms AT weicao iscrossshareholdingconducivetocorporatesustainabilityevidencefromtheenvironmentalinvestmentofchineselistedfirms AT xuzhaoji iscrossshareholdingconducivetocorporatesustainabilityevidencefromtheenvironmentalinvestmentofchineselistedfirms
_version_	1718444503949377536

Is Cross-Shareholding Conducive to Corporate Sustainability? Evidence From the Environmental Investment of Chinese Listed Firms

Ejemplares similares