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This paper investigates whether key capital market players, institutional investors, can facilitate green innovation among firms in which they invest. Leveraging a large data set on Chinese firms’ green innovation, we provide evidence that is consistent with Chinese mutual funds that are...
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The challenge of sustainability overwhelms policy-making and the life of each individual globally. This paper investigates whether key economic participants-institutional investors can play a role in facilitating green innovation. Leveraging data on Chinese firms’ green innovation, we find...
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