The impact of government intervention on corporate environmental performance: Evidence from China's national civilized city award

Zhang, Chi; Liu, Qiang; Ge, Guoqing; Ying, Hao; Hao, Han

doi:10.1016/j.frl.2020.101624

Cited by 84 publications

(56 citation statements)

References 29 publications

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“…Hafezi et al suggested that the government should adopt appropriate regulatory systems to restrict corporate behavior and avoid situations where environmental performance is sacrificed for profit maximization goals [ 29 ]. Research by Zhang et al showed that during the selection period of the National Civilized City Awards, civilized city enterprises performed better in terms of environmental performance, especially among state-owned enterprises [ 30 ]. However, there are also some studies that believe that government regulations have little effect on corporate environmental performance.…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

Corporate Environmental Performance in China: The Moderating Effects of the Media versus the Approach of Local Governments

Guo

2020

IJERPH

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This article selects the listed companies in China’s A-share heavy pollution industry from 2014 to 2018 as samples, uses a random effect model to empirically test the relationship between media attention and corporate environmental performance and examines the impacts of local government environmental protection and property nature on that relationship. Results are as follow: (1) Media attention can significantly affect a company’s environmental performance. The higher the media attention, the greater the company’s supervision and the better its environmental performance. (2) In areas where the government pays less attention to environmental protection, the impact of media on corporate environmental performance is more obvious, but in other areas, the impact of media on environmental performance cannot be reflected; (3) The media attention is very significant for the environmental performance improvement of state-owned enterprises, and it is not obvious in non-state-owned enterprises. (4) A further breakdown of the study found that the role of media attention in corporate environmental performance is only significant in the sample of local governments that have low environmental protection and are state-owned enterprises. This research incorporates the local government’s emphasis on environmental protection into the research field of vision, expands the research scope of media and corporate environmental performance, and also provides new clues and evidence for promoting the active fulfillment of environmental protection responsibilities by companies and local governments.

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Section: Literature Review and Hypothesismentioning

confidence: 99%

Corporate Environmental Performance in China: The Moderating Effects of the Media versus the Approach of Local Governments

Guo

2020

IJERPH

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“…Under these 5 categories, there are 13 subcategories and 37 indicators. Hexun’s evaluation system is one of the main tools used to measure Chinese listed companies’ social responsibility performance and this proxy for CSR is widely used in the prior literature (Li and Foo, 2015; Xiong et al , 2016; Tang et al , 2018, 2019; Zhao and Xiao, 2019; Zhong et al , 2019; An, 2020; Shou et al , 2020; Wang et al , 2020; Zhang et al , 2020). In an additional test, we use the CSR score of each of the five categories (namely, the responsibility to shareholders; to employees; to suppliers, customers and consumer rights; to the environment and to society), as well as corporate donation (from the CSMAR database) and CSR report quality data (from the RKS database) to further examine whether the inhibitory effect of EPU on CSR holds true for various dimensions of generalized CSR.…”

Section: Methodsmentioning

confidence: 99%

Economic policy uncertainty and corporate social responsibility performance: evidence from China

Zhao

Xiao

Zhang

2021

SAMPJ

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Purpose The purpose of this paper is to show how the external issue of economic policy uncertainty (EPU) affects enterprises’ corporate social responsibility (CSR). Design/methodology/approach This study investigates the relationship between EPU and CSR based on the Chinese capital market from 2010 to 2018. Following the most recent studies focused on economic policy uncertainty, this paper uses the news-based method proposed by Baker et al. (2016) to measure EPU and explore the effect of EPU on CSR, as well as the mediating role of state ownership in such a relationship. Findings Empirical results show that increasing EPU will restrain enterprises’ social responsibility behaviour and the inhibitory effect is more obvious for state-owned enterprises. Further analyses reveal that the inhibitory effect of EPU on CSR is stronger for enterprises that face severe financial constraints and is significant for various components of CSR, and trade policy uncertainty could also curb enterprises’ social responsibility behaviour. Practical implications As a stable economic environment is important for enterprises’ CSR engagement, the present study’s conclusions can help policymakers better understand the implications of policy stability for enterprises’ financial and non-financial decisions and especially their CSR decisions. Social implications With the increasing attention paid to the CSR of enterprises, this study provides evidence that enterprises should develop appropriate CSR strategies according to the economic policy environment and enhance their capacity to withstand the risks generated by EPU. Originality/value To the best of the author’s knowledge, this study is the first to analyse the relationship between EPU and CSR. The results contribute to a better understanding of what issues influence enterprises’ CSR engagement, highlighting the importance of a stable economic policy environment and of enterprises’ ability to withstand risks.

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“…Manan et al (2020) described the efforts and constraints faced by the government in order to make the city as a civilized city model, revealing responses of local citizens, and generating varied responses from the lower-, middle-, and upper-class citizens [12]. Zhang (2020) exploited China's Civilized City Award campaign as a quasi-natural experiment, and found that the environmental performance of firms located in Civilized Cities was higher than that of firms in non-Civilized Cities during the event period [13].…”

Section: Literature Reviewmentioning

confidence: 99%

Do City Honors Increase Tourism Economic Growth? A Quasi-Natural Experimental Research Study Based on “Civilized City” Selection in China

Qiao¹,

Mao²

2021

Sustainability

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“Civilized City” is the highest honor in China’s urban evaluation system. This research used a quasi-natural experiment approach to evaluate how the “Civilized City” designation influence tourism economic growth. The results showed that: (1) “Civilized City” selection promotes the growth of the tourism economy, and its impact on tourism income is greater than on the number of tourists. The “Civilized City” award is more conducive to the growth of the tourism economy than other city honors; (2) the “Civilized City” honor promotes institutional supply and adjusts the allocation of capital and labor, thereby promoting the growth of the tourism economy; and (3) the analysis showed that the impact of the “Civilized City” honor on a city’s tourism economy varies according to region, administrative level, and population size. The results of this research provide empirical support that city honors boost tourism economy growth and yield new evidence for cities to promote tourism development through awards and accreditations.

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The impact of government intervention on corporate environmental performance: Evidence from China's national civilized city award

Cited by 84 publications

References 29 publications

Corporate Environmental Performance in China: The Moderating Effects of the Media versus the Approach of Local Governments

Corporate Environmental Performance in China: The Moderating Effects of the Media versus the Approach of Local Governments

Economic policy uncertainty and corporate social responsibility performance: evidence from China

Do City Honors Increase Tourism Economic Growth? A Quasi-Natural Experimental Research Study Based on “Civilized City” Selection in China

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