Mutual dependence and selective coercion: corporate environmental investment among Chinese private firms

2020 ◽  
Vol 52 (5) ◽  
pp. 515-538
Author(s):  
Zongshi Chen
2017 ◽  
pp. 83-99
Author(s):  
Elisabetta Mafrolla ◽  
Viola Nobili

This paper investigates whether and at what extent private firms reduce the quality of their accruals in order to signal a better portrait to the bank and obtain new or larger bank loans. We measure earnings discretionary accruals of a sample of Italian private firms, testing whether new and larger bank loans are associated with a higher (lower) quality of earnings in borrowers' financial reporting. We study bank loan levels and changes and how they impact discretionary accruals and found that, surprisingly, private firms' discretionary accruals are systematically positively affected by an increase in bank loans, although they are negatively affected by the credit worthiness rating assigned to the borrowers. We find that the monitoring role of the banking system with regard to the adoption of discretionary accruals is effective only when the loan is very large. This paper may have implications for policy-makers as it contributes to the understanding of the shortcomings of the banking regulatory system. This is an extremely relevant issue since the excessive amount of non-performing loans held by Italian banks recently threatened the stability of the European Banking Union as a whole.


2020 ◽  
Vol 18 (9) ◽  
pp. 1787-1798
Author(s):  
S.N. Ayusheeva

Subject. This article assesses the effectiveness of the existing system of environmental management based on the user-pays principle in terms of reducing the negative impact on the environment. Objectives. The article aims to conduct a comparative analysis of the anthropogenic impact on natural environment components and deficiency payments for pollution in the model areas of the Russian Federation. Methods. For the study, I used the methods of computational, comparative, systems, and structural analyses. Results. Based on the ecological rating of the Russian Federation subjects, the article defines model areas, assesses the degree of anthropogenic impact on the basis of pollution relative rates, and describes the particularities of environmental investment in the selected areas. Conclusions. The system of payments for pollution does not affect the economic behavior of economic entities.


2001 ◽  
Vol 152 (12) ◽  
pp. 484-489
Author(s):  
Christoph Ernst

Evaluation of archive material from southwest Rhineland, Germany,has provided new knowledge on the development of forests in the 18th century. The society of those times had three different main requirements, which called for three different types of forest; for wood production, agriculture and hunting. But both landed gentry and the community as a whole were interested in maximising the use of the forest. It is therefore not accurate to conclude that wood production was only in the interest of the landowners and agriculture in the interest of the rest of the community. In addition, the different types of forest were subject to mutual dependence because changing one parameter meant that the balance governing wood production,grazing and arable areas, as well as habitat for game,also shifted. These interests, both divergent and common, of the population as a whole lead to the conclusion that forestry development was a highly political issue, and that the influence of the non-owning part of the population was greater than previously thought.


Author(s):  
Alba Colombo ◽  
Jaime Altuna ◽  
Esther Oliver-Grasiot

Popular festivities and traditional events are important moments in which symbolic content, deep emotions and community solidarity are developed. However, there has been little research on the relationship between such events and their social networks and the power relations within these networks. This paper explores the ability of community events and networks to reflect and strengthen social context. Rather than observing the capacity of the event to generate a network, we focus on identifying how the event network is constructed, and how it creates relationships between the different groups, or nodes, within broader social networks. The case analysed is the Correfoc de la Mercè, a traditional firework event in Barcelona involving the Colles de diables, or Catalan popular fire culture groups. Our findings show that there is a bidirectional link or a mutual dependence between the groups (or nodes) and the event, which also support the development of shared social and symbolic capital.


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