Abstract
This paper comprehensively employs literature research methods, normative analysis methods, and empirical analysis methods based on corporate governance theory and legitimacy theory. It employs theoretical deduction and hypothesis construction research approaches, treating heterogeneous institutional investors as independent variables, corporate green technology innovation as dependent variables, and environmental regulation as moderating variables. It selects data from Chinese A-share listed manufacturing enterprises from 2010 to 2022 as samples, and systematically analyzes the impact of heterogeneous institutional investors on corporate green technology innovation. The research results indicate that: focused institutional investors have a positive impact on corporate green technology innovation; temporary institutional investors have a negative impact on corporate green technology innovation; environmental regulations promote a positive relationship between focused institutional investors and corporate green technology innovation; environmental regulations suppress the negative relationship between temporary institutional investors and corporate green innovation. In summary, this article reveals that the role of heterogeneous institutional investors in corporate green technology innovation under the influence of environmental regulations exhibits dynamic, diverse, and complex characteristics. The research results can help us understand how and why different types of institutional investors affect green technology innovation in businesses. This can help companies make the best strategic decisions for green technology innovation, which will help them stay ahead of the competition and grow in the long term.
Published Version
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