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Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China

Sabri Boubaker, Pei-Zhi Liu, Yi-Shuai Ren, Chao-Qun Ma, Sabri Boubaker Orcid Logo

International Review of Financial Analysis, Volume: 91, Start page: 102961

Swansea University Author: Sabri Boubaker Orcid Logo

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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...

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Published in: International Review of Financial Analysis
ISSN: 1057-5219 1873-8079
Published: Elsevier BV 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa64814
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first_indexed 2023-12-08T15:15:51Z
last_indexed 2023-12-08T15:15:51Z
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spelling v2 64814 2023-10-24 Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China 43999fff86cd8a29f4815fb4dfa47729 0000-0002-6416-2952 Sabri Boubaker Sabri Boubaker true false 2023-10-24 BAF 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. Journal Article International Review of Financial Analysis 91 102961 Elsevier BV 1057-5219 1873-8079 Anti-corruption, Corporate environmental responsibility, Chinese energy firms, Difference-in-differences model 1 1 2024 2024-01-01 10.1016/j.irfa.2023.102961 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2024-04-15T21:51:18.1893743 2023-10-24T16:17:23.8901552 Faculty of Humanities and Social Sciences School of Management - Business Management Sabri Boubaker 1 Pei-Zhi Liu 2 Yi-Shuai Ren 3 Chao-Qun Ma 4 Sabri Boubaker 0000-0002-6416-2952 5
title Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
spellingShingle Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
Sabri Boubaker
title_short Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
title_full Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
title_fullStr Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
title_full_unstemmed Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
title_sort Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China
author_id_str_mv 43999fff86cd8a29f4815fb4dfa47729
author_id_fullname_str_mv 43999fff86cd8a29f4815fb4dfa47729_***_Sabri Boubaker
author Sabri Boubaker
author2 Sabri Boubaker
Pei-Zhi Liu
Yi-Shuai Ren
Chao-Qun Ma
Sabri Boubaker
format Journal article
container_title International Review of Financial Analysis
container_volume 91
container_start_page 102961
publishDate 2024
institution Swansea University
issn 1057-5219
1873-8079
doi_str_mv 10.1016/j.irfa.2023.102961
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
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description 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.
published_date 2024-01-01T21:51:19Z
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score 11.036837

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