This study investigates the impact of investor attention on the environmental performance of Chinese high-tech enterprises, considering the moderating roles of media attention and coverage sentiment. Using data from 463 high-tech firms (2011-2022) and the dynamic panel generalized method of moments (GMM), the findings reveal a negative relationship between investor attention and environmental performance. However, media attention and positive coverage sentiment mitigate this negative impact. Heterogeneity analyses show variations across industries and ownership structures.
Publisher
Humanities & Social Sciences Communications
Published On
Aug 08, 2024
Authors
Yanpeng Chen, Wenjun Mai
Tags
investor attention
environmental performance
high-tech enterprises
media attention
coverage sentiment
China
panel data
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