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Institutional Investor Shareholding and Corporate Social Responsibility
- 1 Monash University
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Abstract
Under the new normal of economic development, China's emphasis on corporate social responsibility continues to increase. Institutional investors are often seen as an important force that can improve corporate governance. Examining the influence of shareholding on the sustainable growth of firms aids in comprehending how to enhance corporate governance structures to foster sustainable development. This article focuses on Chinese A-share listed firms from 2010 to 2021 as the subjects of study. The two-way fixed effects method is employed to examine the impact of institutional investors' ownership on corporate social responsibility scores in China. The results show that institutional investors hold shares can enhance corporate social responsibility. By improving corporate governance, institutional investors help companies manage and respond more effectively to risks and opportunities associated with social responsibility. In this paper, the heterogeneity analysis is further carried out, and it is found that the shareholding of institutional investors shows a more distinct facilitative impact on state-owned enterprises’ social responsibility performance. This study has a guiding role in optimizing corporate governance structure and enhancing the level of CSR fulfillment.
Keywords
Corporate Social Responsibility, Institutional Investor Shareholding, Property Right Nature, Corporate Governance
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Cite this article
Dong,X. (2025). Institutional Investor Shareholding and Corporate Social Responsibility. Advances in Economics, Management and Political Sciences,167,73-78.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 4th International Conference on Business and Policy Studies
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