The impact of institutional ownership structure on corporate ESG performance: empirical evidence for the European capital market

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

The impact of institutional ownership structure on corporate ESG performance: empirical evidence for the European capital market

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The impact of institutional ownership structure on corporate ESG performance: empirical evidence for the European capital market

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Review of Managerial Science

ISSN

1863-6683

e-ISSN

1863-6691

Svazek periodika

20

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

DE - Spolková republika Německo

Počet stran výsledku

41

Strana od-do

537-578

Kód UT WoS článku

001455771400001

EID výsledku v databázi Scopus

2-s2.0-105001479898