Multifaceted State Influence on Corporate Environmentalism in China
نویسندگان
چکیده
In this paper, we focus on the multiple mechanisms through which the government exerts influence on the environmental performances of listed firms in China. Theoretically, we explore how multifaceted demands of a state affects corporate environmental practices in dissimilar ways. We unpack two types of influences from the state, including conflicting demands from multiple hierarchical levels of government and the diverse instruments with similar goals used across various areas of jurisdictions of the state. Our hypotheses are tested on a panel dataset of Chinese listed firms in the industries that are most relevant to the natural environment in the period 20082012. We find that the hierarchical administrative level of state body controlling a firm and the implementation of environmental practices are related in an inverted U-shape way, leading to an in-depth dimension of the state influence. Furthermore, multiple government instruments (namely, the stringency of regulations, the fiscal subsidies, and the public disclosure of malpractices) affect corporate environmentalism with different degrees of effectiveness, constituting an in-breadth dimension of state influence.
منابع مشابه
Corporate environmentalism and environmental innovation.
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