Does environmental information disclosure regulation improve environmental governance? Evidence from China

被引：2
|
作者：
Cheng, Bo [1 ]
Mao, Xinyang [2 ]
机构：
[1] Nanjing Audit Univ, Sch Accountancy, Accounting, Nanjing, Peoples R China
[2] Shanghai Lixin Univ Accounting & Finance, Sch Accountancy, Accounting, 2800 Wenxiang Rd, Shanghai, Peoples R China
来源：
EMERGING MARKETS REVIEW | 2024年 / 63卷
基金：
中国国家自然科学基金;
关键词：
Environmental information disclosure; Information effect; Green effect; CORPORATE GOVERNANCE; PERFORMANCE EVIDENCE; MANAGERIAL MYOPIA; CROSS-SECTION; INNOVATION; POLLUTION; INCENTIVES; MEDIA; LEGITIMACY; IMPACT;
D O I：
10.1016/j.ememar.2024.101196
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the effectiveness of Chinese environmental information disclosure (EID) regulations. We find that EID regulations improve firms' EID quality (i.e., exist information effect) and foster firms' green behavior (i.e., exist green effect). Mechanism analysis shows that due to lower audit risks, heavy-polluting firms are charged lower audit fees after the implementation of EID regulations; and due to less managerial myopia, heavy-polluting firms significantly increase green investment and green innovation following EID regulations. Additional heterogeneity analysis shows that these information and green effects can be strengthened by institutional environment factors, such as media coverage, audit quality and political cost.
引用
收藏
页数：27
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