The protected polluters: Empirical evidence from the national environmental information disclosure program in China

Zhang, Tuo; Xie, Li

doi:10.1016/j.jclepro.2020.120343

Cited by 32 publications

(13 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Under the real option perspective, heavy‐polluter firms are more likely to benefit from the local corruption and have fewer incentives to disclose their ESG performance compared to their counterparts. Intuitively, heavy‐polluter firms may have less incentives to decarbonize given the excessive costs of ESG investment and restructuring; therefore, they can lobby and use political patronage from corrupt officials to insulate themselves from market pressure and disclose less environmental information (Zhang & Xie, 2020). This argument is in line with corruption that affects the effectiveness of environmental regulations (Teichmann et al, 2020), hinders corporate investment in environmental protection (Yang et al, 2021), and lowers corporate information transparency (Dass et al, 2016).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Silent but deadly: Political corruption and voluntary ESG disclosure in the United States

Hoang

2022

Manage Decis Econ

View full text Add to dashboard Cite

This paper investigates the impacts of political corruption and carbon risk on corporate Environmental, Social, and Governance (ESG) disclosure. As there has not been a law to enforce ESG disclosure in the United States, ESG disclosure remains on a voluntary basis regardless of the growing attention from market participants and society. Using a sample of US listed firms and state‐level corruption data during 2005–2018, the study shows that political corruption affects voluntary ESG disclosure. The empirical results reveal that heavy‐polluter firms benefit from local corruption and less likely to voluntarily disclose their ESG performance compared to their counterparts.

show abstract

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Silent but deadly: Political corruption and voluntary ESG disclosure in the United States

Hoang

2022

Manage Decis Econ

View full text Add to dashboard Cite

show abstract

“…Using voluntary disclosure theory, Tadros and Magnan ( 2019 ) empirical study found a positive and statistically significant relationship between environmental accounting information disclosure and environmental performance for oil and gas companies in the USA. Zhang and Xie ( 2020 ) through the establishment of an environmental information disclosure index evaluation system, employed a comprehensive analysis of the relationship between environmental information disclosure and environmental performance of listed companies in the light-polluting industry using GMM estimation technique. The authors found that the quality of industrial environmental performance and environmental information changes are in the same direction, that is, the better the environmental performance, the higher the quality of environmental disclosure.…”

Section: Literature Reviewmentioning

confidence: 99%

Trend and relationship between environmental accounting disclosure and environmental performance for mining companies listed in China

Agyemang

Kong

Twum

et al. 2021

Environ Dev Sustain

View full text Add to dashboard Cite

“…For state‐owned enterprises, in addition to undertaking the responsibility of maximizing corporate interests, they also undertake many political responsibilities such as guaranteeing employment and maintaining social stability. Zhang and Xie (2020) found that companies with political connections are less susceptible to environmental information transparency policy. Gaowen Kong et al.…”

Section: Resultsmentioning

confidence: 99%

Stakeholders’ environmental preferences based corporate environmental information influencing factors research

2021

Environmental Quality Mgmt

View full text Add to dashboard Cite

Attracted widespread attention from stakeholders, environmental information disclosed by companies can show the situations that corporates fulfill their environmental obligations. Different corporate stakeholders usually pay diverse attention to key environmental information factors due to their various industries, investment levels, identity characteristics, etc. However, the previous researches are not scientific enough due to the lack of reflecting the importance of environmental information according to the preferences of stakeholders. To fill this gap, this paper applies a fuzzy analysis model as the internal type‐2 trapezoidal fuzzy numbers —analytic hierarchy process (AHP) based ordinary least square regression to comprehensively reflect the preferences of stakeholders. Following that, this paper utilizes the data from 62 Chinese power companies as an example, and the results show that environmental information disclosed (EID) quality is positively correlated with regional economic development level and executive salary incentives. Moreover, the corporate political connection weakens the interaction between salary incentives and EID, which can be further confirmed by robustness analysis. Finally, this paper contributes to the literature on the research methods on EID by considering stakeholders’ preferences in the fuzzy environment.

show abstract

The protected polluters: Empirical evidence from the national environmental information disclosure program in China

Cited by 32 publications

References 34 publications

Silent but deadly: Political corruption and voluntary ESG disclosure in the United States

Silent but deadly: Political corruption and voluntary ESG disclosure in the United States

Trend and relationship between environmental accounting disclosure and environmental performance for mining companies listed in China

Stakeholders’ environmental preferences based corporate environmental information influencing factors research

Contact Info

Product

Resources

About