Environmental Health Check: How third‐party environmental evaluation project affects corporate environmental responsibility
Wenbing Jiang,
Xuejun Wang,
Lei Du
Abstract:Third‐party environmental evaluation by environmental organizations can provide an independent professional evaluation of firms' environmental behaviors. Because environmental organizations aim to improve environmental welfare, which reflects value rationality than instrumental rationality. We argue that third‐party environmental evaluation can reduce information asymmetries between central and local governments, and induce local governments to strengthen environmental enforcement, which in turn increases the … Show more
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