The impact of institutional ownership structure on corporate ESG performance: empirical evidence for the European capital market
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F25%3AN0000009" target="_blank" >RIV/04130081:_____/25:N0000009 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/article/10.1007/s11846-025-00879-w" target="_blank" >https://link.springer.com/article/10.1007/s11846-025-00879-w</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11846-025-00879-w" target="_blank" >10.1007/s11846-025-00879-w</a>
Alternative languages
Result language
angličtina
Original language name
The impact of institutional ownership structure on corporate ESG performance: empirical evidence for the European capital market
Original language description
In response to contemporary challenges, this manuscript endeavours to scrutinize the impact of institutional ownership structure on the environmental, social, and governance (ESG) practices of companies. Specifically, the study investigates the influence of six distinct types of institutional investor on the ESG performance of companies. The analytical approach involves a balanced data panel comprising 563 publicly listed European organizations, resulting in 4504 observations. The theoretical foundation of the study lies in legitimacy theory, complemented by stakeholder theory to enhance the reliability and validity of the examined constructs. The empirical findings of this manuscript highlight a positive association between a long-term institutional ownership structure and a company’s ESG performance. Conversely, short-term oriented institutional investors exhibit a negative correlation with ESG performance. Notably, financial institutions, foreign institutional investors, governments, and pension funds demonstrate a positive correlation, while cross holdings and the category labelled as “other” exhibit a negative correlation with ESG performance. This contribution to the scholarly literature on institutional ownership and companies’ ESG performance provides both managerial insights and theoretical advances.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Review of Managerial Science
ISSN
1863-6683
e-ISSN
1863-6691
Volume of the periodical
20
Issue of the periodical within the volume
2
Country of publishing house
DE - GERMANY
Number of pages
41
Pages from-to
537-578
UT code for WoS article
001455771400001
EID of the result in the Scopus database
2-s2.0-105001479898