Equity Structure, Strategic Investment Psychology, and Performance in China’s Green Economy Context

Frontiers in Psychology

Chi-Fang Liu¹  Kuen-Lin Lin¹  Li Xin Guo²  Li-Ting Zhang² 

[1] Department of Business Administration, Cheng Shiu University, Kaohsiung, Taiwan;School of Business, Huaiyin Institute of Technology, Huai’an, China;

关键词: equity structure;    strategic investment psychology;    green economy;    largest shareholder;    green affair investments;   

DOI  :  10.3389/fpsyg.2021.707582

来源: DOAJ

【 摘 要 】

This study empirically tests the impacts of equity structure on strategic investment psychology in green affairs in R&D vs. Marketing dimensions and company performance. Based on data from Chinese high-tech industry listed companies, the empirical results show that: (1) the largest shareholder’s shareholding ratio has a positive effect on marketing investment psychology and a negative impact on R&D investment psychology, (2) other large shareholders’ shareholding ratio are positive related to R&D investment psychology; (3) R&D investment psychology has a negative effect and marketing investment psychology has a positive influence on the current performance; (4) equity counterbalance is positive related to R&D investment psychology and has a negative effect on the current performance. This study contributes to the literature of corporate governance on sustainability issue by providing a new psychological perspective. The results also provide an important guidance for the corporate governance practice in green economies.

【 授权许可】

Unknown