Does the limelight foster the green transition of listed industrial companies? An empirical analysis from Chinese A-share market
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Summary
This summary is machine-generated.Enterprises central to equity networks drive green transitions by improving capital flow, information sharing, and knowledge transfer. This network centrality supports sustainable development and corporate environmental responsibility.
Area Of Science
- Environmental Economics
- Corporate Sustainability
- Network Analysis
Background
- Sustainable development necessitates enterprise green transition.
- Equity linkage networks play a crucial role in corporate behavior.
- Understanding network impacts on environmental performance is vital.
Purpose Of The Study
- To investigate the impact of equity linkage networks on enterprise green transition.
- To identify the mechanisms through which network centrality influences green transition.
- To explore moderating factors affecting this relationship.
Main Methods
- Complex network approach applied to construct a common shareholding network.
- Analysis of top ten shareholders of listed industrial enterprises (Shanghai and Shenzhen A-shares, 2013-2022).
- Empirical analysis of network centrality and green transition indicators.
Main Results
- Enterprises closer to the network's center exhibit higher degrees of green transition.
- Network centrality facilitates green transition via capital flow, information exchange, and knowledge transfer.
- Centrality benefits are more pronounced in state-owned, large-scale, and less polluting enterprises, enhanced by strong environmental regulations.
Conclusions
- Equity linkage networks are significant drivers of enterprise green transition.
- Network structure and position influence corporate environmental performance.
- Policy interventions can leverage network effects to promote societal green development.

