气候变化领域集成服务门户(CCPortal): Anti-corruption and corporate environmental responsibility: Evidence from China's anti-corruption campaign

CCPortal

DOI	10.1016/j.gloenvcha.2021.102449
	Anti-corruption and corporate environmental responsibility: Evidence from China's anti-corruption campaign
	Chen Z.; Zhou M.; Ma C.
发表日期	2022
ISSN	0959-3780
卷号	72
英文摘要	Taking advantage of China's vigorous anti-corruption campaign implemented in 2013, this study examines the impact of anti-corruption activities on the corporate environmental responsibility (CER) performance of listed Chinese enterprises from 2010 to 2016. The empirical analysis employs a Difference-in-Differences design to identify the causal effect by using the anti-corruption campaign as an exogenous policy shock. Results indicate that China's unprecedented anti-corruption campaign launched in 2013 significantly improves the CER performance of high-corruption enterprises. Such an effect is most evident for state-owned enterprises, especially local government-owned ones and those in pollution-intensive industries. These results remain after a series of robustness tests. The mechanism results suggest that the promotion effects of the anti-corruption campaign on CER performance can be achieved through environmental regulations, corporate rent-seeking, and innovation behaviors. Moreover, anti-corruption improves the profitability of enterprises, but the effect is significantly offset by increased CER activities. © 2021 Elsevier Ltd
关键词	Anti-corruption China Corporate environmental responsibility Difference-in-differences Eight-point rules Mechanism
语种	英语
scopus关键词	industrial enterprise; innovation; local government; profitability; spatiotemporal analysis; state owned enterprise; China
来源期刊	Global Environmental Change
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/249526
作者单位	School of Economics, Jinan University, No.601 Huangpu West Road, Guangzhou, Guangdong Province, China; School of Credit Management, Guangdong University of Finance, No. 527 Yingfu Road, Guangzhou, Guangdong Province, China; UWA, School of Agriculture and Environment, University of Western Australia, Perth, 6009, Australia
推荐引用方式 GB/T 7714	Chen Z.,Zhou M.,Ma C.. Anti-corruption and corporate environmental responsibility: Evidence from China's anti-corruption campaign[J],2022,72.
APA	Chen Z.,Zhou M.,&Ma C..(2022).Anti-corruption and corporate environmental responsibility: Evidence from China's anti-corruption campaign.Global Environmental Change,72.
MLA	Chen Z.,et al."Anti-corruption and corporate environmental responsibility: Evidence from China's anti-corruption campaign".Global Environmental Change 72(2022).