Green innovation peer effects in common institutional ownership networks

Xiaohui Wu, Yumin Li, Chong Feng · 2022 · Corporate Social Responsibility and Environmental Management

Summary. Chinese firms imitate their peers' green innovation decisions when they share common institutional investors. The study finds two mechanisms drive this: institutional investors sharing information about green innovation, and competitive pressure between firms with shared investors. Firms with tight finances and lower risk tolerance imitate more, preferring peers in similar industries with matching ownership structures. This peer-driven imitation improves firm value, suggesting it reflects genuine strategic adoption rather than hollow mimicry.

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@article{wu-2022-green-innovation-peer-effects-common,
  title   = {Green innovation peer effects in common institutional ownership networks},
  author  = {Xiaohui Wu and Yumin Li and Chong Feng},
  journal = {Corporate Social Responsibility and Environmental Management},
  year    = {2022},
  doi     = {10.1002/csr.2379},
  url     = {https://doi.org/10.1002/csr.2379}
}

TY  - JOUR
TI  - Green innovation peer effects in common institutional ownership networks
AU  - Xiaohui Wu
AU  - Yumin Li
AU  - Chong Feng
JO  - Corporate Social Responsibility and Environmental Management
PY  - 2022
DO  - 10.1002/csr.2379
UR  - https://doi.org/10.1002/csr.2379
ER  - 

Details

DOI

10.1002/csr.2379

Countries

China

Regions

Asia

Categories

innovation-networks, climate-and-environment, general-innovation

Added

2026-04-28