Cross-border capital flows and low-carbon economic development: Examining the impact of foreign shareholding

doi:10.1016/j.irfa.2024.103652

	Cross-border capital flows and low-carbon economic development: Examining the impact of foreign shareholding
	Yang, Wen; Zhao, Keqing
	2024-11
发表期刊	INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
卷号	96
摘要	This study utilizes data from Shanghai and Shenzhen A-share listed companies from 2011 to 2021 to explore the impact of foreign shareholding on the development of a low-carbon economy and the underlying mechanisms. Findings show that foreign shareholding significantly reduces corporate carbon emissions and promotes corporate environmental responsibility and low-carbon transformation. The paper further investigates how foreign shareholding reduces carbon emissions by increasing corporate investments in environmental protection and driving green innovation. Foreign participation is found to improve the efficiency of corporate resource allocation and innovation capabilities, allowing for continuous improvements in low-carbon technologies and production processes. The study also examines the effect of corporate environmental strategies and green technology advancement on the relationship between foreign shareholding and carbon emissions, revealing the heterogeneity of foreign investment impacts on low-carbon development under different corporate environments and capabilities.
关键词	Foreign ownership ratio Carbon emission Enterprise innovation Environmental sustainability Low-carbon economy
DOI	10.1016/j.irfa.2024.103652
收录类别	SSCI
ISSN	1057-5219
语种	英语
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:001336545500001
出版者	ELSEVIER SCIENCE INC
原始文献类型	Article
EISSN	1873-8079
引用统计	被引频次[WOS]：0 [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/38153
专题	国际经济与贸易学院
通讯作者	Yang, Wen
作者单位	Lanzhou Univ Finance & Econ, Sch Int Econ & Trade, Lanzhou 730000, Gansu, Peoples R China
第一作者单位	兰州财经大学
通讯作者单位	兰州财经大学
推荐引用方式 GB/T 7714	Yang, Wen,Zhao, Keqing. Cross-border capital flows and low-carbon economic development: Examining the impact of foreign shareholding[J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS,2024,96.
APA	Yang, Wen,&Zhao, Keqing.(2024).Cross-border capital flows and low-carbon economic development: Examining the impact of foreign shareholding.INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS,96.
MLA	Yang, Wen,et al."Cross-border capital flows and low-carbon economic development: Examining the impact of foreign shareholding".INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS 96(2024).