Zhang, Xinyuan and Wu, Jiangqiu and Nor, Mohammad Nazri Mohd and Quah, Chee Heong (2024) Corporate strategic aggression and environmental investment decisions: Evidence from A-share listed firms. International Review of Financial Analysis, 95 (C). p. 103528. ISSN 1057-5219, DOI https://doi.org/10.1016/j.irfa.2024.103528.
Full text not available from this repository.Abstract
Corporate strategy greatly influences corporate investment activities. This study seeks to better understand the relationship between the level of corporate strategic aggression and environmental investment decisions based on 2011-2020 data. We find that increasing the intensity of strategic aggression effectively increases environmental investment. Moreover, this effect is incentivized by good corporate environmental, social, and governance performance, innovation ability, and management tone manipulation. Although financing constraints may hinder the positive effects of corporate aggression on environmental investment, independent directors and corporate risk promote maximum positive effects. These findings enable companies to identify strategically motivating factors for improving environmental protection.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | Strategic aggressiveness; Environmental investment decision; ESG; Innovation ability; Management tone manipulation |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce |
| Divisions: | Faculty of Business and Economics > Department of Management and Marketing |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 07 Feb 2025 07:44 |
| Last Modified: | 07 Feb 2025 07:44 |
| URI: | http://eprints.um.edu.my/id/eprint/47512 |
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