Details

Autor(en) / Beteiligte

• Martí-Ballester, Carmen-Pilar

Titel

Do renewable energy mutual funds advance towards clean energy-related sustainable development goals?

Ist Teil von

• Renewable energy, 2022-08, Vol.195, p.1155-1164

Ort / Verlag

Elsevier Ltd

Erscheinungsjahr

2022

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• 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. •This study analyses the effect of institutional shareholders on energy performance.•This study implements Petersen's (2009) panel data approach.•Institutional investors improve corporate sustainable energy performance.•Institutional investors improve corporate environmental performance.