Does Media Attention Affect Firms’ Environmental Protection Efforts? Evidence From China

Kong, Gaowen; Kong, Dongmin; Wang, Maobin

doi:10.1142/s021759081741003x

Cited by 27 publications

(10 citation statements)

References 71 publications

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“…Using samples of environmentally sensitive industries, Zhou et al (2022) confirmed that increased community pressure is negatively associated with corporate pollution levels, and thus, positively associated with corporate environmental performance. Kong et al (2020) reviewed the literature and pointed out that media attention induces firms to exert more effort on environmental protection, especially when there are adverse media reports. Xue et al (2021) empirically found that both media attention and government regulation were significantly positively correlated with environmental information disclosure; notably, the more adverse the effect of government regulation, the more media attention promotes environmental information disclosure.…”

Section: Research Hypothesesmentioning

confidence: 99%

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

Long

Chen²,

Li³

et al. 2022

Front. Environ. Sci.

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For a greener society, good corporate environmental information disclosure is crucial. This study empirically examines the influence of media attention and state-owned equity, and their interaction on corporate environmental information disclosure by A-share heavily polluting firms in the Shanghai and Shenzhen stock markets from 2015 to 2019. The results show that state-owned equity can improve the level of corporate environmental information disclosure; however, it mainly affects financial environmental information disclosure. Media attention also improves the level of corporate environmental information disclosure, but only for non-financial environmental information. Moreover, media attention and state-owned equity have a certain substitution effect on environmental information disclosure: a higher state-owned equity ratio weakens the positive effect of media attention on environmental information disclosure. To improve environmental information disclosure, the government must clarify disclosure standards to improve the comparability of environmental information. In addition, media and shareholders can fully leverage their external and internal supervisory roles to promote the environmental responsibilities of firms. Our findings can be useful for further promoting corporate environmental information disclosure and developing relevant policies.

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Section: Research Hypothesesmentioning

confidence: 99%

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

Long

Chen²,

Li³

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…The media has paid more attention to corporate environmental behavior since the new law. As an effective tool of public scrutiny, media can reduce the information asymmetry between companies and the public, and play the auxiliary function on environmental regulation (Kong et al, 2020). Indeed, Company A quickly corrected its improper environmental behavior after perceiving the negative impact of negative news.…”

Section: Discussionmentioning

confidence: 99%

The differential impacts of coercive pressure from environmental law and proactive environmental strategy on corporate environmental performance: The case study of a pulp and paper company

Xie

2022

Corp Soc Responsibility Env

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Pulp and paper companies are characterized by high-energy consumption and high-emission in production, placing a heavy burden on the environment. Exploring ways to improve their environmental performance is urgently needed. External coercive pressure from environmental law and internal proactive environmental strategy both enable companies to perform better, but little is known about the difference between them. To close this knowledge gap, our analysis is conducted on a case company in pulp and paper industry to compare the differential impacts of the New Environmental Protection Law of China and the proactive environmental strategy on its environmental performance. In addition, accurately evaluating the environmental performance of pulp and paper companies is essential while research on this topic is scant. Therefore, a novel environmental performance evaluation system for pulp and paper companies (EPESPP) is constructed, including not only internal but also external evaluation indexes based on news reports of various media measured by SNOWNLP sentiment analysis. According to the system, the environmental performance of the case company from 2010 to 2018 is evaluated by the entropy-weight-based catastrophe progression method (EWCPM). The results of our case study show that the implementation of a proactive environmental strategy is more conducive to comprehensively improving corporate environmental performance. In other words, the driving effect of the New Environmental Protection Law is not as strong as that of the proactive environmental strategy.

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“…Media coverage and promotion of environmental responsibility reinforce public awareness of environmental protection and behavioral response motives, resulting in different economic rewards for firms with different corporate environmental responsibility performances (Kong et al, 2019). Enterprises with greater media attention have higher visibility, which can improve the awareness of environmental protection and enhance the value of enterprises (Wu et al, 2020).…”

Section: The Moderating Effect Of Media Attentionmentioning

confidence: 99%

“…To support hypotheses three to six and the moderating effect of media attention on the relationship between environmental protection and corporate sustainable development ability, we constructed models (Eqs. [3][4][5][6].…”

Section: The Model Designmentioning

confidence: 99%

Environmental protection and sustainable development of enterprises in China: The moderating role of media attention

Qing

Jin

2022

Front. Environ. Sci.

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Faced with global environmental problems, such as global warming, enterprises have become important players in environmental protection. By fulfilling their environmental responsibilities, enterprises can create a good external image and gain support from the public and government, thereby increasing the influence of their enterprises. At the same time, the media plays the role of guiding public opinion and supervising the market economy in enterprise development and market economy. Therefore, this study investigates whether the environmental protection measures taken by enterprises have a positive effect on their sustainable development, and how media attention affects the relationship between environmental protection and sustainable development. This study uses the fixed effect regression method to empirically study the data of A share listed companies in China, from 2016 to 2019. The results of the study show that the enterprises’ fulfillment of environmental responsibilities or carbon trading can promote sustainable development. Furthermore, the higher the network or print media attention, the more environmentally responsible behavior and carbon emissions trading can promote sustainable development capabilities of enterprises. This study enriches the understanding of the important role played by environmental protection in driving enterprise sustainability and contributes to the literature by emphasizing the need for media attention about environmental responsibilities and carbon emissions trading.

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Does Media Attention Affect Firms’ Environmental Protection Efforts? Evidence From China

Cited by 27 publications

References 71 publications

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

The differential impacts of coercive pressure from environmental law and proactive environmental strategy on corporate environmental performance: The case study of a pulp and paper company

Environmental protection and sustainable development of enterprises in China: The moderating role of media attention

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