How social and environmental investments attract and repel foreign investors: Insights on shareholder and stakeholder engagement

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F24%3A63578158" target="_blank" >RIV/70883521:28120/24:63578158 - isvavai.cz</a>

Výsledek na webu

<a href="https://onlinelibrary.wiley.com/doi/10.1002/sd.3280" target="_blank" >https://onlinelibrary.wiley.com/doi/10.1002/sd.3280</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1002/sd.3280" target="_blank" >10.1002/sd.3280</a>

Jazyk výsledku

angličtina

Název v původním jazyce

How social and environmental investments attract and repel foreign investors: Insights on shareholder and stakeholder engagement

Popis výsledku v původním jazyce

This study investigates the diversifying impact of social and environmental investment (SEI) to attract and repel foreign investors (FIs) while determining to invest in environmental friendly firms. By analyzing SEI strategies within the Chinese context and employing panel data regression analysis, this study reveals numerous major insights. First, firms implementing average SEI strategies tend to attract greater investments from FI. On the other hand, above average SEI do not yield similar benefits, indicating that over-investments in social and environmental projects could repel potential investors, and result in a transfer of wealth from shareholders to stakeholders. Furthermore, the present study reveals that firm performance strengthens the positive association between average SEI and FI. Finally, this study finds that the negative relationship between above-average SEI and FI is intensified when firm performance is considered as a moderating factor. These insights are crucial for policymakers in formulating strategies to enhance foreign investments.

Název v anglickém jazyce

How social and environmental investments attract and repel foreign investors: Insights on shareholder and stakeholder engagement

Popis výsledku anglicky

This study investigates the diversifying impact of social and environmental investment (SEI) to attract and repel foreign investors (FIs) while determining to invest in environmental friendly firms. By analyzing SEI strategies within the Chinese context and employing panel data regression analysis, this study reveals numerous major insights. First, firms implementing average SEI strategies tend to attract greater investments from FI. On the other hand, above average SEI do not yield similar benefits, indicating that over-investments in social and environmental projects could repel potential investors, and result in a transfer of wealth from shareholders to stakeholders. Furthermore, the present study reveals that firm performance strengthens the positive association between average SEI and FI. Finally, this study finds that the negative relationship between above-average SEI and FI is intensified when firm performance is considered as a moderating factor. These insights are crucial for policymakers in formulating strategies to enhance foreign investments.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Sustainable Development

ISSN

0968-0802

e-ISSN

1099-1719

Svazek periodika

neuveden

Číslo periodika v rámci svazku

neuveden

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

12

Strana od-do

1-12

Kód UT WoS článku

001356883800001

EID výsledku v databázi Scopus

2-s2.0-85209805516