Corporate environmental disclosure and political connection in regulatory and leadership changes: The case of China

Qian, Wei; Chen, Xuan

doi:10.1016/j.bar.2020.100935

Cited by 65 publications

(39 citation statements)

References 67 publications

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“…Hypothesis (H1) in the model ( 4), the interaction is observed between the quality of CSR disclosure and executive turnover whereby the coefficient of the interaction term resulted in being significantly negative (t = −22.03, p < 0.000), depicting that ensuring quality of CSR disclosure decrease the effect of executive turnover, which supports H1 [71,101]. Hypothesis (H2) in the model ( 5), the interaction is observed between the quality of CSR disclosure and political ties whereby the coefficient of the interaction term resulted to be significantly negative (t = −6.36, p < 0.000) which shows that ensuring the quality of CSR disclosure decreases the impact of political ties [71,102,103]. Table 4 further shows results regarding control variables.…”

Section: Results and Analysissupporting

confidence: 62%

CSR Disclosure: Effects of Political Ties, Executive Turnover and Shareholder Equity. Evidence from China

et al. 2021

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The context of China fosters different contextual factors, which influences the quality of corporate social responsibility (CSR) disclosure in comparison to firms across the rest of the world. Political ties at a corporate level are one of these vital factors. This paper studies the influence of firm-level political ties (PT) and executive turnover (ET) on the quality of CSR disclosure in the context of shareholding status of departing executive in Chinese listed A-share firms. Stakeholder and Agency theories are applied to the dissemination of CSR disclosures in Chinese firms whereby we used 20,578 firm-years interpretations of Chinese registered companies between 2012 and 2019. The results foster a negative link between executive turnover and quality of CSR disclosures. In addition, a negative relationship has been found between political ties and the quality of CSR disclosure. The findings disclose that the shareholding status of departing executive moderate the relationship between the impact of political ties and executive turnover on firms quality of CSR disclosure, whilst the effect of executive turnover on the quality of CSR disclosure was found more pronounced for firms whose departing executive held larger shareholding (SH). This study contributed to the literature on the quality of CSR disclosure while recognizing the negative effect of executive turnover on a firm’s quality of CSR disclosure for politically tied firms with a reinforcing moderating role of the shareholding status of departing executive.

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Section: Results and Analysissupporting

confidence: 62%

CSR Disclosure: Effects of Political Ties, Executive Turnover and Shareholder Equity. Evidence from China

et al. 2021

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“…Political tensions and forces have been considered to make disclosure part of an "arsenal" of corporate actions, as SEA activities become part of the local political debate in developing countries (Soobaroyen and Mahadeo 2016). In some cases where political hegemony or centralism prevails (such as in China where government intervention is ubiquitous, through channels such as enforcement, licences, quotas, permits and franchise assignment), SEA activities and relevant disclosures are mostly State-led and used as a device for companies to maintain political legitimacy and favouritism (Hofman et al, 2017;Qian and Chen, 2020;Parsa et al, 2021). As such, companies in this context of authoritarian capitalism, especially State-owned enterprises (SOEs), are keen to improve SEA to demonstrate ideological alignment (Li and Belal, 2018) and reduce political risk or political cost (Lee et al, 2017).…”

Section: Contextual Themes and Challengesmentioning

confidence: 99%

Social and environmental accounting in developing countries: contextual challenges and insights

Qian

Tilt

Belal

2021

AAAJ

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PurposeThe purpose of this paper is to review most recent developments of social and environmental accounting (SEA) in the context of developing countries and to offer insights for the latest research in this field. It also provides an introduction to the AAAJ special issue.Design/methodology/approachThe authors have undertaken a conceptual overview of the field developed in the past two decades (2001–2020) with a view to identify major themes, trends and future research directions.FindingsThe overview reveals that only 43 SEA papers addressing contextual challenges of developing countries have been published in leading accounting journals in the last 20 years. The coverage of these publications is concentrated in a small number of countries and regions. Interdisciplinary accounting journals, especially AAAJ, are the main publishing outlets in this field. The topic areas are dominated by social accounting challenges, with much less focus on environmental accounting, although developing countries are particularly exposed to the threats of climate change, water pollution and biodiversity loss. The literature reviewed uses elaborating, problematising and theorising contexts as three main contextualisation approaches to analyse contextual themes framed around regulatory, political, cultural and religious, and social-economic systems. Although various conceptual lenses have been adopted in the developing country SEA literature, the use of institutional theory and its various extensions to address political and cultural complexities seems to become more prominent, as shown in most of the contributions included in this special issue.Research limitations/implicationsThis review is limited to leading accounting journals. SEA research increasingly published in other disciplines such as in management, social and environmental areas might provide a more comprehensive view in this research field.Originality/valueIn this paper, inter alia, the authors review and synthesise the previous literature in a conceptual framework, illustrating and highlighting the importance of contextual framing of SEA in developing countries. Based on this review, the authors propose some ideas for a future research agenda aiming to advance the field. The authors expect this paper and the special issue to act as a reference point for emerging SEA researchers from developing countries to raise more scholarly impactful enquiries in this area.

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“…Comprehensive environmental strategies by organizations are more common in industries that face stricter environmental regulations [8]. Environmental legislations play a very important role in the development and implementation of environmental strategies and can lead to significant environmental improvement [31,33,34]. King and Lenox [35], after studying chemical manufacturers associations, found that explicit sanctions through government regulation and coercive forces, in the form of sanctions by regulatory bodies, are required for proactive environmentalism.…”

Section: Regulatory Bodies' Concernmentioning

confidence: 99%

Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

et al. 2020

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In this study, we evaluated corporate environmental activities within the framework of stakeholders’ concerns and taking an emerging economy as the field of study. This paper integrates the stakeholder theory and corporate environmental behavior to develop a model and then tests this model in an emerging economy context. Data were collected through a questionnaire survey from managers operating in a variety of industries in Pakistan. A structural equation modeling technique has been used for data analysis. Results revealed that regulatory bodies are the most significant while media, customers, and activists are insignificant stakeholders. Top management commitment is identified as an important endogenous and exogenous variable.

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Corporate environmental disclosure and political connection in regulatory and leadership changes: The case of China

Cited by 65 publications

References 67 publications

CSR Disclosure: Effects of Political Ties, Executive Turnover and Shareholder Equity. Evidence from China

CSR Disclosure: Effects of Political Ties, Executive Turnover and Shareholder Equity. Evidence from China

Social and environmental accounting in developing countries: contextual challenges and insights

Revisiting Stakeholder Theory and Environmentalism: Evidence from an Emerging Economy

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