Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100

Li, Dayuan; Huang, Ming‐Feng; Ren, Shenggang; Chen, Xiaohong; Ning, Lutao

doi:10.1007/s10551-016-3187-6

Cited by 493 publications

(363 citation statements)

References 68 publications

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“…Some scholars believed that heavily polluting industries needed to comply with strict emission standards, which inevitably led to higher investment in technological improvement and innovation for pollution control (Li, He, Shao, & Chen, 2018;Yang, Tseng, & Chen, 2012). However, Li, Huang, Ren, Chen, and Ning (2018) argued that governance pressure was not the only driving force for technological innovation. Another reason for heavily polluting firms to actively engage in technological innovation was to make their EID more externally legitimate (Cho & Patten, 2007).…”

Section: The Effect Of Eidmentioning

confidence: 99%

Can voluntary environmental regulation promote corporate technological innovation?

2019

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The impact of environmental regulation on technological innovation has been widely discussed in the academic circle. Based on the panel data of 403 Chinese manufacturing firms from 2010 to 2015, this paper explored the role of voluntary environmental regulation in technological innovation. The results showed the following: First, both voluntary environmental information disclosure and environmental management system certification had a positive effect on corporate innovation investment. Second, compared with the impact of environmental information disclosure, the impact of environmental management system certification on corporate innovation investment was more significant. Third, there was a significant positive interaction between environmental information disclosure and environmental management system certification. Finally, the effect of voluntary environmental regulation on corporate technological innovation in heavily polluting industries was stronger than that in lightly polluting industries.

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Section: The Effect Of Eidmentioning

confidence: 99%

Can voluntary environmental regulation promote corporate technological innovation?

2019

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“…Through green innovation, firms build a routinized framework to report their carbon information, as well as establish capability to reduce their carbon footprints. Li et al () find a positive and statistically significant link between green innovation and corporate carbon disclosure in the CDP for a sample of Chinese firms. Moreover, Luo, Tang, and Lan () find that carbon disclosure propensity is correlated with higher levels of resource availability; this relationship is stronger in developing nations, suggesting that the shortage of resources is one reason for the lack of commitment to carbon mitigation by firms in these countries.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

“…A rich business management literature examines the drivers of corporate participation in the CDP (Ben-Amar, Chang, & McIlkenny, 2015;Cotter & Najah, 2012;D'Amico, Coluccia, Fontana, & Solimene, 2016;Delgado-Márquez, Pedauga, & Cordón-Pozo, 2017;Freedman & Jaggi, 2011;Jira & Toffel, 2013;Kolk & Pinkse, 2007;Li, Huang, Ren, Chen, & Ning, 2018;Liao, Luo, & Tang, 2015;Luo, Tang, & Peng, 2018;Ott, Schiemann, & Günther, 2017;Peters & Romi, 2014;Reid & Toffel, 2009;Stanny, 2013), and an emerging literature evaluates the effects of voluntary carbon disclosures on financial outcomes and corporations' carbon footprints (Ben-Amar & Chelli, 2018;Doda, Gennaioli, Gouldson, Grover, & Sullivan, 2016;Hassan & Romilly, 2018;Jung, Herbohn, & Clarkson, 2018;Kim & Lyon, 2011;Lee, Park, & Klassen, 2015;Lemma, Feedman, Mlilo, & Park, 2019;Matisoff, 2012;Stanny & Ely, 2008). These literatures by and large underscore external factors, such as supply chain pressures, shareholder actions, and regulatory threats, including the threat of direct economic consequences, as drivers of proactive corporate disclosure of climate change strategies and GHG emissions.…”

Section: Introductionmentioning

confidence: 99%

Opening up the firm: What explains participation and effort in voluntary carbon disclosure by global businesses? An analysis of internal firm factors and dynamics

Hsueh

2019

Bus Strat Env

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A voluntary climate initiative that has emerged over the past two decades as an institutional arrangement for corporations around the globe to signal and demonstrate their proactive climate leadership is the CDP (formerly known as the Carbon Disclosure Project). Unlike the extant literature that has emphasized stakeholder and regulatory pressures, this paper argues that voluntary carbon disclosure is both beneficial and costly for corporations with respect to the existence of supportive management structures, explicit CSR practices, and the existence of complementary assets. Moreover, there is variation between European firms and other global businesses because of Europe's distinctive national business systems framework in conjunction with global supply chain imperatives. Empirically, this study employs a novel discrete‐continuous modeling approach to distinguish between a corporation's decision to disclose and the linked but subsequent decision of how much to disclose climate change information. Results indicate that the main drivers of participation in voluntary carbon disclosure by the Global 500 firms is the existence of senior managers and executive‐level officers and the adoption of ESG principles by global businesses. Conditional on participation, European Union‐based and other global businesses that articulate a corporate vision for environmental sustainability, adopt ESG principles, and invest in complementary assets disclose climate change strategies and emissions at higher levels than companies without these internal firm capabilities. This study has implications for national climate policy and global climate change governance more generally, both of which increasingly focus on concrete climate solutions by corporations.

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“…On the other hand, legitimacy theory suggests that laggards, wary that their continued silence will be seen by stakeholders as having "something to hide" (Cerin, 2002, p. 61), are more likely to disclose their activities (Cho & Patten, 2007;Patten, 2002). In the context of reporting carbon-related data to the CDP, many studies find support for voluntary disclosure theory (e.g., Giannarakis, Zafeiriou, & Sariannidis, 2017;Giannarakis, Zafeiriou, Arabatzis, & Partalidou, 2018;Luo & Tang, 2014;), yet a few studies also find support for legitimacy theory (e.g., Li, Huang, Ren, Chen, & Ning, 2018;Luo, Tang, & Peng, 2018).…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Arcs of carbon awareness in the value chain and their antecedents

Isil

Sebastianelli

2019

Bus Strat Env

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This study examines the patterns and antecedents of firms' value chain greenhouse gas emissions (VCGGE) awareness. Drawing on a sample of 1,322 firms from multiple countries and industries, we use cluster analysis to first evaluate how well firms' VCGGE awareness patterns match traditional value chain integration patterns, identified by prior literature. We then examine how well internal indicators of greenhouse gas emissions (GGE) management predict advanced VCGGE awareness. Our study indicates that VCGGE patterns partially match traditional value chain integration patterns and that firms' VCGGE awareness is much higher for their upstream than downstream activities. Moreover, our findings show that the internal adoption of GGE management is a significant predictor of advanced awareness of VCGGE. Overall, we find that most firms have limited awareness about the magnitude of their VCGGE, suggesting that many opportunities to reduce these emissions, especially in the downstream value chain, remain unexplored.

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Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100

Cited by 493 publications

References 68 publications

Can voluntary environmental regulation promote corporate technological innovation?

Can voluntary environmental regulation promote corporate technological innovation?

Opening up the firm: What explains participation and effort in voluntary carbon disclosure by global businesses? An analysis of internal firm factors and dynamics

Arcs of carbon awareness in the value chain and their antecedents

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