Universitat Autònoma de Barcelona
Altres ajuts: acords transformatius de la UAB
This study examines the effects of sustainable energy-focused institutional shareholders on corporate sustainable energy performance. It employs a sample of 43 renewable energy mutual funds and 1074 portfolio firms covering 2006 to 2019. To examine this relationship appropriately, the study adopts Petersen's (2009) panel data approach and clusters standard errors by firm and year. The results indicate that institutional investors lead firms to improve their corporate sustainable energy and environmental performance. Therefore, investment decisions adopted by renewable energy mutual funds achieve positive outcomes in the real world. This has policy implications, showing that economic policies focused on financing the transition of the real economy towards sustainability and improving the financial sector's contribution to sustainability goals are being achieved.
Article
English
Renewable energy mutual funds; Corporate sustainable energy performance; Corporate environmental performance; Sustainable development goal
Renewable Energy ; Vol. 195 (august 2022), p. 1155-1164
open access
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