Common Institutional Ownership and Corporate Green Innovation: Supervision or Collusion?-Evidence from Chinese Listed Companies

Abstract

This study explores the impact of common institutional ownership on corporate green innovation from two perspectives based on Chinese listed companies. It is found that common institutional ownership can exert a supervisory synergy effect to significantly promote corporate green innovation. This paper enriches the factors influencing corporate green innovation from a corporate governance perspective, which has important practical implications for policy makers in guiding corporate green innovation and monitoring investor behavior.