The Impact of Investors’ Green Attention on Corporate Carbon Emissions
投資家のグリーン・アテンションが企業の炭素排出に与える影響 (AI 翻訳)
Haoyang Lu, Alistair Hunt
🤖 gxceed AI 要約
日本語
中国の製造業上場企業2011-2022年のパネルデータを用いて、投資家のグリーン・アテンション（IGA）が企業の炭素排出を有意に削減することを実証。メカニズムとしてグリーン・イノベーションの促進が部分的に媒介。市場志向の環境ガバナンスへの政策的示唆を提供。
English
Using panel data of Chinese listed manufacturing firms from 2011 to 2022, this paper shows that investors' green attention significantly reduces corporate carbon emissions, partially through enhanced green innovation. It provides causal evidence and policy insights for market-oriented environmental governance under China's dual carbon goals.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国の双炭目標下で資本市場の環境ガバナンス機能を実証した研究。SSBJ導入後の日本の投資家対話やエンゲージメント実務にも参考となる可能性がある。
In the global GX context
This study demonstrates the governance role of capital markets in emission reduction, relevant to global discussions on investor stewardship and TCFD/ISSB-aligned disclosure. It offers empirical evidence for how investor attention can drive corporate decarbonization, complementing regulatory approaches.
👥 読者別の含意
🔬研究者:Provides causal evidence on the investor-carbon nexus using a quasi-natural experiment design.
🏢実務担当者:Highlights the importance of engaging investors to reduce carbon footprints; useful for IR and sustainability teams.
🏛政策担当者:Supports market-based mechanisms for emission reduction; relevant for designing green finance policies.
📄 Abstract（原文）
This paper investigates the role of investors’ interests in green development of firms, i.e., investors’ green attention (IGA), in affecting corporate carbon emissions, using panel data of Chinese listed manufacturing firms from 2011 to 2022. The results show that investors’ green attention significantly reduces firms’ carbon emissions, and the effect remains robust under various specifications. Mechanism analysis reveals that this carbon-reducing effect is partially mediated by enhanced green innovation (GI), indicating that investor attention encourages firms to invest in environmentally friendly technologies. This study identifies the distinct governance role of capital market forces, provides rigorous causal evidence for the emission reduction effect of investors’ green attention through a quasi-natural experiment design, and offers actionable policy insights for advancing market-oriented environmental governance under China’s dual carbon goals (peak carbon and carbon neutrality).
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.3390/su18146983first seen 2026-07-16 07:25:48
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。