How does institutional investor preference influence corporate green innovation in China?

References

• Acemoglu, D., P. Aghion, L. Bursztyn, and D. Hemous. 2012. “The Environment and Directed Technical Change.” American Economic Review 102 (1): 131–166. https://doi.org/10.1257/aer.102.1.131.
   PubMed Web of Science ®Google Scholar
• Akron, S., E. Demir, J. M. Díez-Esteban, and C. D. García-Gómez. 2020. “Economic Policy Uncertainty and Corporate Investment: Evidence from the US Hospitality Industry.” Tourism Management 77: 104019. https://doi.org/10.1016/j.tourman.2019.104019.
   Web of Science ®Google Scholar
• Albino, V., L. Ardito, R. M. Dangelico, and A. M. Petruzzelli. 2014. “Understanding the Development Trends of Low-Carbon Energy Technologies: A Patent Analysis.” Applied Energy 135: 836–854. https://doi.org/10.1016/j.apenergy.2014.08.012.
   Web of Science ®Google Scholar
• Alt, E., E. P. Díez-de-Castro, and F. J. Lloréns-Montes. 2015. “Linking Employee Stakeholders to Environmental Performance: The Role of Proactive Environmental Strategies and Shared Vision.” Journal of Business Ethics 128 (1): 167–181. https://doi.org/10.1007/s10551-014-2095-x.
   Web of Science ®Google Scholar
• Altig, D., S. Baker, J. M. Barrero, N. Bloom, P. Bunn, S. Chen, S. J. Davis, et al. 2020. “Economic Uncertainty Before and During the COVID-19 Pandemic.” Journal of Public Economics 191: 104274. https://doi.org/10.1016/j.jpubeco.2020.104274.
   PubMed Web of Science ®Google Scholar
• Amore, M. D., and M. Bennedsen. 2016. “Corporate Governance and Green Innovation.” Journal of Environmental Economics and Management 75: 54–72. https://doi.org/10.1016/j.jeem.2015.11.003.
   Web of Science ®Google Scholar
• Anand, A., P. Irvine, and T. Liu. 2019. “Does Institutional Trading Affect Underwriting?” Journal of Corporate Finance 58: 101495. https://doi.org/10.1016/j.jcorpfin.2019.101495.
   Web of Science ®Google Scholar
• Ardito, L., A. M. Petruzzelli, and V. Albino. 2016. “Investigating the Antecedents of General Purpose Technologies: A Patent Perspective in the Green Energy Field.” Journal of Engineering and Technology Management 39: 81–100. https://doi.org/10.1016/j.jengtecman.2016.02.002.
   Web of Science ®Google Scholar
• Bartik, T. J. 2009. How Do the Effects of Local Growth on Employment Rates Vary With Initial Labor Market Conditions? (No. 09-148). Upjohn Institute Working Paper.
   Google Scholar
• Bebchuk, L. A., A. Cohen, and S. Hirst. 2017. “The Agency Problems of Institutional Investors.” Journal of Economic Perspectives 31 (3): 89–102. https://doi.org/10.1257/jep.31.3.89.
   Web of Science ®Google Scholar
• Belloc, F. 2012. “Corporate Governance and Innovation: A Survey.” Journal of Economic Surveys 26 (5): 835–864. https://doi.org/10.1111/j.1467-6419.2011.00681.x.
   Web of Science ®Google Scholar
• Bennedsen, M., and D. Wolfenzon. 2000. “The Balance of Power in Closely Held Corporations.” Journal of Financial Economics 58 (1-2): 113–139. https://doi.org/10.1016/S0304-405X(00)00068-4.
   Web of Science ®Google Scholar
• Berrone, P., A. Fosfuri, L. Gelabert, and L. R. Gomez-Mejia. 2013. “Necessity as the Mother of ‘Green’inventions: Institutional Pressures and Environmental Innovations.” Strategic Management Journal 34 (8): 891–909. https://doi.org/10.1002/smj.2041.
   Web of Science ®Google Scholar
• Bhattacharya, U., K. D. Wei, and H. Xia. 2019. “Follow the Money: Investor Trading Around Investor-Paid Credit Rating Changes.” Journal of Corporate Finance 58: 68–91. https://doi.org/10.1016/j.jcorpfin.2019.04.008.
   Web of Science ®Google Scholar
• Bofinger, Y., K. J. Heyden, and B. Rock. 2022. “Corporate Social Responsibility and Market Efficiency: Evidence from ESG and Misvaluation Measures.” Journal of Banking & Finance 134: 106322. https://doi.org/10.1016/j.jbankfin.2021.106322.
   Web of Science ®Google Scholar
• Borgers, A., J. Derwall, K. Koedijk, and J. Ter Horst. 2013. “Stakeholder Relations and Stock Returns: On Errors in Investors’ Expectations and Learning.” Journal of Empirical Finance 22: 159–175. https://doi.org/10.1016/j.jempfin.2013.04.003.
   Web of Science ®Google Scholar
• Brav, A., W. Jiang, S. Ma, and X. Tian. 2018. “How Does Hedge Fund Activism Reshape Corporate Innovation?” Journal of Financial Economics 130 (2): 237–264. https://doi.org/10.1016/j.jfineco.2018.06.012.
   Web of Science ®Google Scholar
• Brown, J. R., G. Martinsson, and B. C. Petersen. 2012. “Do Financing Constraints Matter for RD?” European Economic Review 56 (8): 1512–1529. https://doi.org/10.1016/j.euroecorev.2012.07.007.
   Web of Science ®Google Scholar
• Brunnermeier, S. B., and M. A. Cohen. 2003. “Determinants of Environmental Innovation in US Manufacturing Industries.” Journal of Environmental Economics and Management 45 (2): 278–293. https://doi.org/10.1016/S0095-0696(02)00058-X.
   Web of Science ®Google Scholar
• Capelle-Blancard, G., and M. A. Laguna. 2010. “How Does the Stock Market Respond to Chemical Disasters?” Journal of Environmental Economics and Management 59 (2): 192–205. https://doi.org/10.1016/j.jeem.2009.11.002.
   Web of Science ®Google Scholar
• Carrión-Flores, C. E., and R. Innes. 2010. “Environmental Innovation and Environmental Performance.” Journal of Environmental Economics and Management 59 (1): 27–42.
   Web of Science ®Google Scholar
• Chan, L. K., J. Lakonishok, and T. Sougiannis. 2001. “The Stock Market Valuation of Research and Development Expenditures.” The Journal of Finance 56 (6): 2431–2456. https://doi.org/10.1111/0022-1082.00411.
   Web of Science ®Google Scholar
• Chang, C. H. 2011. “The Influence of Corporate Environmental Ethics on Competitive Advantage: The Mediation Role of Green Innovation.” Journal of Business Ethics 104 (3): 361–370. https://doi.org/10.1007/s10551-011-0914-x.
   Web of Science ®Google Scholar
• Chemmanur, T. J., S. He, and G. Hu. 2009. “The Role of Institutional Investors in Seasoned Equity Offerings.” Journal of Financial Economics 94 (3): 384–411. https://doi.org/10.1016/j.jfineco.2008.12.011.
   Web of Science ®Google Scholar
• Chemmanur, T. J., and X. Tian. 2018. “Do Antitakeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis.” Journal of Financial and Quantitative Analysis 53 (3): 1163–1194. https://doi.org/10.1017/S0022109018000029.
   Web of Science ®Google Scholar
• Chen, Z., J. Jin, and M. Li. 2022. “Does Media Coverage Influence Firm Green Innovation? The Moderating Role of Regional Environment.” Technology in Society, 102006. https://doi.org/10.1016/j.techsoc.2022.102006.
   Web of Science ®Google Scholar
• Chen, Y. S., S. B. Lai, and C. T. Wen. 2006. “The Influence of Green Innovation Performance on Corporate Advantage in Taiwan.” Journal of Business Ethics 67 (4): 331–339. https://doi.org/10.1007/s10551-006-9025-5.
   Web of Science ®Google Scholar
• Chen, Y., Q. Li, J. Ng, and C. Wang. 2021a. “Corporate Financing of Investment Opportunities in a World of Institutional Cross-Ownership.” Journal of Corporate Finance 69: 102041. https://doi.org/10.1016/j.jcorpfin.2021.102041.
   Web of Science ®Google Scholar
• Chen, Z., Y. Xiao, K. Jiang. 2023. “Corporate Green Innovation and Stock Liquidity in China.” Accounting & Finance 63: 1381–1415.
   Web of Science ®Google Scholar
• Chen, Z., and G. Xie. 2022. “ESG Disclosure and Financial Performance: Moderating Role of ESG Investors.” International Review of Financial Analysis 83: 102291. https://doi.org/10.1016/j.irfa.2022.102291.
   Web of Science ®Google Scholar
• Chen, Z., and J. Zhang. 2019. “Types of Patents and Driving Forces Behind the Patent Growth in China.” Economic Modelling 80: 294–302. https://doi.org/10.1016/j.econmod.2018.11.015.
   Web of Science ®Google Scholar
• Chen, Z., X. Zhang, and F. Chen. 2021b. “Do Carbon Emission Trading Schemes Stimulate Green Innovation in Enterprises? Evidence from China.” Technological Forecasting and Social Change 168: 120744. https://doi.org/10.1016/j.techfore.2021.120744.
   Web of Science ®Google Scholar
• Cho, M. H. 1998. “Ownership Structure, Investment, and the Corporate Value: An Empirical Analysis.” Journal of Financial Economics 47 (1): 103–121. https://doi.org/10.1016/S0304-405X(97)00039-1.
   Web of Science ®Google Scholar
• Cho, C., J. T. Halford, S. Hsu, and L. Ng. 2016. “Do Managers Matter for Corporate Innovation?” Journal of Corporate Finance 36: 206–229. https://doi.org/10.1016/j.jcorpfin.2015.12.004.
   Web of Science ®Google Scholar
• Chung, R., M. Firth, and J. B. Kim. 2002. “Institutional Monitoring and Opportunistic Earnings Management.” Journal of Corporate Finance 8 (1): 29–48. https://doi.org/10.1016/S0929-1199(01)00039-6.
   Web of Science ®Google Scholar
• Cornaggia, J., Y. Mao, X. Tian, and B. Wolfe. 2015. “Does Banking Competition Affect Innovation?” Journal of Financial Economics 115 (1): 189–209. https://doi.org/10.1016/j.jfineco.2014.09.001.
   Web of Science ®Google Scholar
• Darnall, N., I. Henriques, and P. Sadorsky. 2008. “Do Environmental Management Systems Improve Business Performance in an International Setting?” Journal of International Management 14 (4): 364–376. https://doi.org/10.1016/j.intman.2007.09.006.
   Web of Science ®Google Scholar
• Dasgupta, S., B. Laplante, and N. Mamingi. 2001. “Pollution and Capital Markets in Developing Countries.” Journal of Environmental Economics and Management 42 (3): 310–335. https://doi.org/10.1006/jeem.2000.1161.
   Web of Science ®Google Scholar
• Davies, J. R., D. Hillier, and P. McColgan. 2005. “Ownership Structure, Managerial Behavior and Corporate Value.” Journal of Corporate Finance 11 (4): 645–660. https://doi.org/10.1016/j.jcorpfin.2004.07.001.
   Web of Science ®Google Scholar
• Dhaliwal, D. S., O. Z. Li, A. Tsang, and Y. G. Yang. 2011. “Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting.” The Accounting Review 86 (1): 59–100. https://doi.org/10.2308/accr.00000005.
   Web of Science ®Google Scholar
• Dimson, E., O. Karakaş, and X. Li. 2015. “Active Ownership.” The Review of Financial Studies 28 (12): 3225–3268. https://doi.org/10.1093/rfs/hhv044.
   Web of Science ®Google Scholar
• Dosi, G., L. Marengo, and C. Pasquali. 2006. “How Much Should Society Fuel the Greed of Innovators?: On the Relations Between Appropriability, Opportunities and Rates of Innovation.” Research Policy 35 (8): 1110–1121. https://doi.org/10.1016/j.respol.2006.09.003.
   Web of Science ®Google Scholar
• Dyck, A., K. V. Lins, L. Roth, and H. F. Wagner. 2019. “Do Institutional Investors Drive Corporate Social Responsibility? International Evidence.” Journal of Financial Economics 131 (3): 693–714. https://doi.org/10.1016/j.jfineco.2018.08.013.
   Web of Science ®Google Scholar
• Fang, V. W., X. Tian, and S. Tice. 2014. “Does Stock Liquidity Enhance or Impede Firm Innovation?” The Journal of Finance 69 (5): 2085–2125. https://doi.org/10.1111/jofi.12187.
   Web of Science ®Google Scholar
• Flammer, C. 2021. “Corporate Green Bonds.” Journal of Financial Economics 142 (2): 499–516. https://doi.org/10.1016/j.jfineco.2021.01.010.
   Web of Science ®Google Scholar
• Fong, E. A. 2010. “Relative CEO Underpayment and CEO Behaviour Towards R&D Spending.” Journal of Management Studies 47 (6): 1095–1122. https://doi.org/10.1111/j.1467-6486.2009.00861.x.
   Web of Science ®Google Scholar
• Freel, M. S. 1999. “The Financing of Small Firm Product Innovation Within the UK.” Technovation 19 (12): 707–719. https://doi.org/10.1016/S0166-4972(99)00082-6.
   Web of Science ®Google Scholar
• Garel, A., and A. Petit-Romec. 2021. “Investor Rewards to Environmental Responsibility: Evidence from the COVID-19 Crisis.” Journal of Corporate Finance 68: 101948. https://doi.org/10.1016/j.jcorpfin.2021.101948.
   Web of Science ®Google Scholar
• Gillan, S. L., and L. T. Starks. 2000. “Corporate Governance Proposals and Shareholder Activism: The Role of Institutional Investors.” Journal of Financial Economics 57 (2): 275–305. https://doi.org/10.1016/S0304-405X(00)00058-1.
   Web of Science ®Google Scholar
• Grossman, S. J., and O. D. Hart. 1980. “Takeover Bids, the Free-Rider Problem, and the Theory of the Corporation.” The Bell Journal of Economics, 42–64. https://doi.org/10.2307/3003400.
   Google Scholar
• Gulen, H., and M. Ion. 2016. “Policy Uncertainty and Corporate Investment.” The Review of Financial Studies 29 (3): 523–564.
   Web of Science ®Google Scholar
• Hadlock, C. J., and J. R. Pierce. 2010. “New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index.” The Review of Financial Studies 23 (5): 1909–1940. https://doi.org/10.1093/rfs/hhq009.
   Web of Science ®Google Scholar
• Hartzell, J. C., and L. T. Starks. 2003. “Institutional Investors and Executive Compensation.” The Journal of Finance 58 (6): 2351–2374. https://doi.org/10.1046/j.1540-6261.2003.00608.x.
   Web of Science ®Google Scholar
• He, J. J., and J. Huang. 2017. “Product Market Competition in a World of Cross-Ownership: Evidence from Institutional Blockholdings.” The Review of Financial Studies 30 (8): 2674–2718. https://doi.org/10.1093/rfs/hhx028.
   Web of Science ®Google Scholar
• Hirshleifer, D., P. H. Hsu, and D. Li. 2018. “Innovative Originality, Profitability, and Stock Returns.” The Review of Financial Studies 31 (7): 2553–2605. https://doi.org/10.1093/rfs/hhx101.
   Web of Science ®Google Scholar
• Hong, H., and L. Kostovetsky. 2012. “Red and Blue Investing: Values and Finance.” Journal of Financial Economics 103 (1): 1–19. https://doi.org/10.1016/j.jfineco.2011.01.006.
   Web of Science ®Google Scholar
• Horbach, J. 2008. “Determinants of Environmental Innovation – New Evidence from German Panel Data Sources.” Research Policy 37 (1): 163–173. https://doi.org/10.1016/j.respol.2007.08.006.
   Web of Science ®Google Scholar
• Horbach, J., C. Rammer, and K. Rennings. 2012. “Determinants of Eco-Innovations by Type of Environmental Impact – The Role of Regulatory Push/Pull, Technology Push and Market Pull.” Ecological Economics 78: 112–122. https://doi.org/10.1016/j.ecolecon.2012.04.005.
   Web of Science ®Google Scholar
• Hornuf, L., T. Schilling, and A. Schwienbacher. 2022. “The Relevance of Investor Rights in Crowdinvesting.” Journal of Corporate Finance 77: 101927.
   Web of Science ®Google Scholar
• Hottenrott, H., and B. Peters. 2009. Innovative Capability and Financing Constraints for Innovation More Money, More Innovation? ZEW-Centre for European Economic Research Discussion Paper, (09-081).
   Google Scholar
• Hsu, P. H., X. Tian, and Y. Xu. 2014. “Financial Development and Innovation: Cross-Country Evidence.” Journal of Financial Economics 112 (1): 116–135. https://doi.org/10.1016/j.jfineco.2013.12.002.
   Web of Science ®Google Scholar
• Huang, J. W., and Y. H. Li. 2017. “Green Innovation and Performance: The View of Organizational Capability and Social Reciprocity.” Journal of Business Ethics 145 (2): 309–324. https://doi.org/10.1007/s10551-015-2903-y.
   Web of Science ®Google Scholar
• Jiang, L., and Y. Bai. 2022. “Strategic or Substantive Innovation?-The Impact of Institutional Investors’ Site Visits on Green Innovation Evidence from China.” Technology in Society 68: 101904. https://doi.org/10.1016/j.techsoc.2022.101904.
   Web of Science ®Google Scholar
• Jiang, K., Z. Chen, A. Rughoo, and M. Zhou. 2022. “Internet Finance and Corporate Investment: Evidence from China.” Journal of International Financial Markets, Institutions and Money 77: 101535. https://doi.org/10.1016/j.intfin.2022.101535.
   Web of Science ®Google Scholar
• Kahn, K. B. 2018. “Understanding Innovation.” Business Horizons 61(3) (3): 453–460. https://doi.org/10.1016/j.bushor.2018.01.011.
   Web of Science ®Google Scholar
• Kassinis, G., and N. Vafeas. 2006. “Stakeholder Pressures and Environmental Performance.” Academy of Management Journal 49 (1): 145–159. https://doi.org/10.5465/amj.2006.20785799.
   Web of Science ®Google Scholar
• Kim, H. D., K. Park, and K. Roy Song. 2019. “Do Long-Term Institutional Investors Foster Corporate Innovation?” Accounting & Finance 59 (2): 1163–1195. https://doi.org/10.1111/acfi.12284.
   Web of Science ®Google Scholar
• Kim, I., J. W. Ryou, and R. Yang. 2020. “The Color of Shareholders’ Money: Institutional Shareholders’ Political Values and Corporate Environmental Disclosure.” Journal of Corporate Finance 64: 101704. https://doi.org/10.1016/j.jcorpfin.2020.101704.
   Web of Science ®Google Scholar
• Kong, D., L. Zhu, and Z. Yang. 2020. “Effects of Foreign Investors on Energy Firms’ Innovation: Evidence from a Natural Experiment in China.” Energy Economics 92: 105011. https://doi.org/10.1016/j.eneco.2020.105011.
   Web of Science ®Google Scholar
• Lev, B., B. Sarath, and T. Sougiannis. 2005. “R&D Reporting Biases and Their Consequences.” Contemporary Accounting Research 22 (4): 977–1026. https://doi.org/10.1506/7XMH-QQ74-L6GG-CJRX.
   Web of Science ®Google Scholar
• Liu, C. 2018. “Are Women Greener? Corporate Gender Diversity and Environmental Violations.” Journal of Corporate Finance 52: 118–142. https://doi.org/10.1016/j.jcorpfin.2018.08.004.
   Web of Science ®Google Scholar
• Mao, C. X., and C. Zhang. 2018. “Managerial Risk-Taking Incentive and Firm Innovation: Evidence from FAS 123R.” Journal of Financial and Quantitative Analysis 53 (2): 867–898. https://doi.org/10.1017/S002210901700120X.
   Web of Science ®Google Scholar
• McCahery, J. A., Z. Sautner, and L. T. Starks. 2016. “Behind the Scenes: The Corporate Governance Preferences of Institutional Investors.” The Journal of Finance 71 (6): 2905–2932. https://doi.org/10.1111/jofi.12393.
   Web of Science ®Google Scholar
• Newton, A. N. 2015. “Executive Compensation, Organizational Performance, and Governance Quality in the Absence of Owners.” Journal of Corporate Finance 30: 195–222. https://doi.org/10.1016/j.jcorpfin.2014.12.016.
   Web of Science ®Google Scholar
• Nordhaus, W. 2019. “Climate Change: The Ultimate Challenge for Economics.” American Economic Review 109 (6): 1991–2014. https://doi.org/10.1257/aer.109.6.1991.
   Web of Science ®Google Scholar
• Pan, Z., L. Liu, S. Bai, and Q. Ma. 2021. “Can the Social Trust Promote Corporate Green Innovation? Evidence from China.” Environmental Science and Pollution Research 28 (37): 52157–52173. https://doi.org/10.1007/s11356-021-14293-8.
   PubMed Web of Science ®Google Scholar
• Porter, M. E., and C. Van der Linde. 1995. “Toward a new Conception of the Environment-Competitiveness Relationship.” Journal of Economic Perspectives 9 (4): 97–118. https://doi.org/10.1257/jep.9.4.97.
   Web of Science ®Google Scholar
• Renneboog, L., J. Ter Horst, and C. Zhang. 2008. “Socially Responsible Investments: Institutional Aspects, Performance, and Investor Behavior.” Journal of Banking Finance 32 (9): 1723–1742. https://doi.org/10.1016/j.jbankfin.2007.12.039.
   Web of Science ®Google Scholar
• Serfling, M. A. 2014. “CEO Age and the Riskiness of Corporate Policies.” Journal of Corporate Finance 25: 251–273.
   Web of Science ®Google Scholar
• Stucki, T., M. Woerter, S. Arvanitis, M. Peneder, and C. Rammer. 2018. “How Different Policy Instruments Affect Green Product Innovation: A Differentiated Perspective.” Energy Policy 114: 245–261. https://doi.org/10.1016/j.enpol.2017.11.049.
   Web of Science ®Google Scholar
• Tian, X., and J. Xu. 2022. “Do Place-Based Policies Promote Local Innovation and Entrepreneurship?” Review of Finance 26 (3): 595–635. https://doi.org/10.1093/rof/rfab029.
   Web of Science ®Google Scholar
• Wang, P., L. M. Cockburn, and M. L. Puterman. 1998. “Analysis of Patent Data – a Mixed-Poisson-Regression-Model Approach.” Journal of Business & Economic Statistics 16 (1): 27–41.
   Web of Science ®Google Scholar
• Wang, L., Y. Long, and C. Li. 2022. “Research on the Impact Mechanism of Heterogeneous Environmental Regulation on Enterprise Green Technology Innovation.” Journal of Environmental Management 322: 116127. https://doi.org/10.1016/j.jenvman.2022.116127.
   PubMed Web of Science ®Google Scholar
• Wen, J., G. F. Feng, C. P. Chang, and Z. Z. Feng. 2018. “Stock Liquidity and Enterprise Innovation: New Evidence from China.” The European Journal of Finance 24 (9): 683–713. https://doi.org/10.1080/1351847X.2017.1347573.
   Web of Science ®Google Scholar
• Wu, J., S. Si, and X. Wu. 2016. “Entrepreneurial Finance and Innovation: Informal Debt as an Empirical Case.” Strategic Entrepreneurship Journal 10 (3): 257–273. https://doi.org/10.1002/sej.1214.
   Web of Science ®Google Scholar
• Xiang, X., C. Liu, and M. Yang. 2022. “Who is Financing Corporate Green Innovation?” International Review of Economics Finance 78: 321–337. https://doi.org/10.1016/j.iref.2021.12.011.
   Web of Science ®Google Scholar
• Xie, X., J. Huo, G. Qi, and K. X. Zhu. 2016. “Green Process Innovation and Financial Performance in Emerging Economies: Moderating Effects of Absorptive Capacity and Green Subsidies.” IEEE Transactions on Engineering Management 63: 101–112. https://doi.org/10.1109/TEM.2015.2507585.
   Web of Science ®Google Scholar
• Xie, R. H., Y. J. Yuan, and J. J. Huang. 2017. “Different Types of Environmental Regulations and Heterogeneous Influence on “Green” Productivity: Evidence from China.” Ecological Economics 132: 104–112. https://doi.org/10.1016/j.ecolecon.2016.10.019.
   Web of Science ®Google Scholar
• Xu, Q., and T. Kim. 2022. “Financial Constraints and Corporate Environmental Policies.” The Review of Financial Studies 35 (2): 576–635. https://doi.org/10.1093/rfs/hhab056.
   Web of Science ®Google Scholar
• Yafeh, Y., and O. Yosha. 2003. “Large Shareholders and Banks: Who Monitors and how?” The Economic Journal 113 (484): 128–146. https://doi.org/10.1111/1468-0297.00087.
   Web of Science ®Google Scholar
• Zhang, F., and L. Zhu. 2019. “Enhancing Corporate Sustainable Development: Stakeholder Pressures, Organizational Learning, and Green Innovation.” Business Strategy and the Environment 28 (6): 1012–1026. https://doi.org/10.1002/bse.2298.
   Web of Science ®Google Scholar
• Zhou, B., Y. M. Li, F. C. Sun, and Z. G. Zhou. 2021. “Executive Compensation Incentives, Risk Level and Corporate Innovation.” Emerging Markets Review 47: 100798. https://doi.org/10.1016/j.ememar.2021.100798.
   Web of Science ®Google Scholar
• Zhu, S., H. Huang, and W. Bradford. 2022. “The Governance Role of Institutional Investors in Management Compensation: Evidence from China.” Accounting & Finance 62 (S1): 1015–1063. https://doi.org/10.1111/acfi.12817.
   Google Scholar
• Zou, Y., L. Wu, and D. Lord. 2015. “Modeling Over-Dispersed Crash Data with a Long Tail: Examining the Accuracy of the Dispersion Parameter in Negative Binomial Models.” Analytic Methods in Accident Research 5: 1–16. https://doi.org/10.1016/j.amar.2014.12.002.
   Web of Science ®Google Scholar