Journal article 684 views
Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
Sabri Boubaker,
Pei-Zhi Liu,
Yi-Shuai Ren,
Chao-Qun Ma,
Sabri Boubaker 
International Review of Financial Analysis, Volume: 91, Start page: 102961
Swansea University Author:
Sabri Boubaker
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DOI (Published version): 10.1016/j.irfa.2023.102961
Abstract
This paper examines the anti-corruption campaign in China as an exogenous shock using data on Chinese energy firms from 2010 to 2016. It conducts a quasi-natural experiment using a difference-in-differences model to examine the effect of anti-corruption policies on corporate environmental responsibi...
| Published in: | International Review of Financial Analysis |
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| ISSN: | 1057-5219 1873-8079 |
| Published: |
Elsevier BV
2024
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa64814 |
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| Abstract: |
This paper examines the anti-corruption campaign in China as an exogenous shock using data on Chinese energy firms from 2010 to 2016. It conducts a quasi-natural experiment using a difference-in-differences model to examine the effect of anti-corruption policies on corporate environmental responsibility. Our findings show that the anti-corruption campaign makes energy firms improve their corporate environmental responsibility. The greater the degree of marketization in the province where the firm is headquartered, the larger the campaign's impact on corporate environmental responsibility. Furthermore, anti-corruption policies have a greater impact on firms with more financial resources and higher analyst coverage. The paper provides the regulator with several policy recommendations for improving corporate environmental responsibility. |
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| Keywords: |
Anti-corruption, Corporate environmental responsibility, Chinese energy firms, Difference-in-differences model |
| College: |
Faculty of Humanities and Social Sciences |
| Start Page: |
102961 |