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Investor attention and environmental performance of Chinese high-tech companies: the moderating effects of media attention and coverage sentiment

Business

Investor attention and environmental performance of Chinese high-tech companies: the moderating effects of media attention and coverage sentiment

Y. Chen and W. Mai

This study by Yanpeng Chen and Wenjun Mai delves into how investor attention influences the environmental performance of high-tech enterprises in China. Surprisingly, the findings indicate a negative relationship, although media attention and positive sentiment offer some hope. This research sheds light on vital industry variations and ownership dynamics!

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Playback language: English
Abstract
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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