scholarly journals Does Overseas Investment Raise Corporate Environmental Protection? Evidence from Chinese A-List Companies

2022 ◽  
Vol 19 (2) ◽  
pp. 837
Author(s):  
Quan-Jing Wang ◽  
Qiong Shen ◽  
Yong Geng ◽  
Dan-Yang Li
Keyword(s):  
Environmental Protection ◽  
Host Country ◽  
Listed Companies ◽  
Logical Relationship ◽  
Research Results ◽  
Investment Companies ◽  
Overseas Investment ◽  
The Government ◽  
The Impact

This paper uses the relevant data of China’s listed companies from 2010 to 2018 to test the impact of overseas investment on corporate environmental protection and further examines whether the heterogeneity of the company and the heterogeneity of the host country changes this effect. The research results show that the environmental protection of overseas investment companies is significantly higher than that of other companies. The impact of overseas investment on corporate environmental protection is dynamic, and it only helps improve corporate environmental protection after three years of investment. This article is conducive to causally identifying the logical relationship between overseas investment and corporate environmental protection. The policy significance is that the government can rationally guide companies to invest abroad, and oversea investment will help enhance corporate environmental protection.

scholarly journals Corporate Environmental Performance in China: The Moderating Effects of the Media versus the Approach of Local Governments

2020 ◽  
Vol 18 (1) ◽  
pp. 150
Author(s):  
Zhiru Guo ◽  
Chao Lu
Keyword(s):  
Environmental Protection ◽  
Environmental Performance ◽  
Local Governments ◽  
Random Effect ◽  
Random Effect Model ◽  
Corporate Environmental Performance ◽  
Media Attention ◽  
The Media ◽  
The Government ◽  
The Impact

This article selects the listed companies in China’s A-share heavy pollution industry from 2014 to 2018 as samples, uses a random effect model to empirically test the relationship between media attention and corporate environmental performance and examines the impacts of local government environmental protection and property nature on that relationship. Results are as follow: (1) Media attention can significantly affect a company’s environmental performance. The higher the media attention, the greater the company’s supervision and the better its environmental performance. (2) In areas where the government pays less attention to environmental protection, the impact of media on corporate environmental performance is more obvious, but in other areas, the impact of media on environmental performance cannot be reflected; (3) The media attention is very significant for the environmental performance improvement of state-owned enterprises, and it is not obvious in non-state-owned enterprises. (4) A further breakdown of the study found that the role of media attention in corporate environmental performance is only significant in the sample of local governments that have low environmental protection and are state-owned enterprises. This research incorporates the local government’s emphasis on environmental protection into the research field of vision, expands the research scope of media and corporate environmental performance, and also provides new clues and evidence for promoting the active fulfillment of environmental protection responsibilities by companies and local governments.

scholarly journals Analysis The Impact Of Buyers’ Demographics To Green Consumption In Hochiminh City

2020 ◽  
Vol 5 (1) ◽  
pp. first
Author(s):  
Tô Thị Kim Hồng ◽  
Trần Thị Diễm Thúy
Keyword(s):  
Consumer Behavior ◽  
Environmental Protection ◽  
Quantitative Research ◽  
Public Awareness ◽  
Ho Chi Minh City ◽  
Related Factors ◽  
Green Consumption ◽  
Consumption Behavior ◽  
The Government ◽  
The Impact

Nowadays, environmental protection is an urgent problem which raises top concerns. Besides, green consumption is a trend encouraged to be widely implemented in many countries in the world, including Vietnam. However, in the reality of Vietnam, changing green consumer behavior in choosing products has been negligible and insignificant. With a diversified and varied population structure, Ho Chi Minh City is selected to analyze the impacts of demography and other related factors on green consumption behavior in the market. The quantitative research method is mainly used with the analysis of multiple correlation and linear regression. The results retrieved from 312 survey samples show that regarding demography, educational level, and marital status influence green consumption behavior. Besides, the results also show and measure the impacts of other factors, namely attitudes, subjective standards, environmental concerns, unavailability of green products on the green consumption behavior of consumers in Ho Chi Minh city. With the aim at promoting green consumer behavior in Ho Chi Minh City, there is a need for a change requiring the cooperation of all the Government, Enterprises, and consumers in stepping up propaganda, raising public awareness; simultaneously, orienting economic development activities associated with sustainable environmental protection.

Situation and Treatment Methods of Ecological and Environmental Problems during the Process of Urbanization in Rural Areas of China

2021 ◽  
Vol 20 (4) ◽  
Author(s):  
Xiaoxue Zhang ◽  
Faming Sun ◽  
Jie Yang ◽  
Jian Li ◽  
Jing Liang ◽  
...  
Keyword(s):  
Economic Development ◽  
Environmental Protection ◽  
Rural Areas ◽  
Gas Production ◽  
Ecological Environment ◽  
Rural Urbanization ◽  
Environmental Treatment ◽  
Process Of Urbanization ◽  
The Government ◽  
The Impact

Rural urbanization is a process of population agglomeration catalyzed by industrialization. At present, China’s urbanization process is accelerating against the backdrop of rapid social development. However, in some areas, economic development is emphasized, while the protection of the ecological environment is neglected, leading to the increasingly obvious contradiction between urbanization and rural ecological environment and is not conducive to economic development. In this paper, the development trend of China’s rural urbanization, the current situation of environmental pollution, and the progress of important environmental treatment projects are analyzed. Accordingly, the main problems in rural environmental protection and the impact of urbanization are explored. The problems led by industrial and domestic pollutants have been amplified by urbanization, while the improved connection between urban and rural areas will benefit the improvement of environmental infrastructure in rural areas. The government-led projects of rural water improvement, sanitary toilet penetration, methane gas production, and solar water heater have made great progress during the past two decades. Based on these understandings, we put forward feasible countermeasures to implement rural ecological environment protection during the process of urbanization to promote the benign development of rural urbanization. Our results will be helpful in providing some useful references for environmental protection in rural areas and promoting the coordinated development of the economy and environment during the process of urbanization in China.

scholarly journals A Study on the Influence of the Host Country’s Legal System on the Performance of Chinese Enterprises’ Foreign Direct Investment Empirical analysis based on micro data of Chinese listed companies

2021 ◽  
Vol 257 ◽  
pp. 02067
Author(s):  
Xia Qu ◽  
Ran Li
Keyword(s):  
Foreign Direct Investment ◽  
Host Country ◽  
Legal System ◽  
Direct Investment ◽  
Listed Companies ◽  
International Investment ◽  
Investment Performance ◽  
Chinese Enterprises ◽  
Chinese Listed Companies ◽  
The Impact

In recent years, while the direct investment of Chinese enterprises has made rapid progress in foreign direct investment, it has also shown a trend of “blindness” and “irrationality”, which has brought huge overseas investment risks. The reason is largely due to foreign investment enterprises ignore the host country’s legal system. This paper uses 82 foreign direct investment data of Chinese listed companies in 30 countries (regions) from 2010 to 2019 as a research sample to analyze the impact of the host country’s legal system on the performance of Chinese companies’ foreign direct investment. The results show that the performance of Chinese enterprises’ investment in the country has gradually improved with the improvement of the economic development level of the host country, the soundness of the legal system of the host country has been continuously improved. The restraining effect of the soundness of the host country’s legal system on investment performance is more obvious in state-owned enterprises and investments involving sensitive industries or key areas. In addition, the performance of investment enterprises will gradually improve with the increase in the density of labor unions and the international investment experience of enterprises.

scholarly journals An Empirical Analysis of the Impact of Fiscal and Tax Incentives on Enterprise Technological Innovation - Taking Listed Companies on GEM as Examples

2018 ◽  
Vol 11 (12) ◽  
pp. 42
Author(s):  
Junda Yang ◽  
Yun Xia ◽  
Liu Yang ◽  
Zhongtao Zhang
Keyword(s):  
Development Strategy ◽  
Technological Innovation ◽  
Economic Structure ◽  
Listed Companies ◽  
Tax Incentives ◽  
Tax Policies ◽  
Development Mode ◽  
Study Results ◽  
The Government ◽  
The Impact

Enterprise technological innovation is the backbone of the transformation of economic development mode in China, the optimization of economic structure, and the realization of national innovative development strategy. In order to promote the transformation and upgrading of the economic structure and encourage the the development of technological innovation of enterprises, a series of fiscal and tax policies which encourage technological innovation are introduced in China. Although the fiscal and tax incentives are generally adopted by the governments of the world, the research conclusions of the academia on the implementation effect of fiscal and tax policies are not unified. For this reason, in this paper, based on the data of listed companies on the Growth Enterprise Market from 2011 to 2017, the STATA 14.0-version software is used to analyze the sample data, and the relationship between the current fiscal policies and technological innovation is explored. The study results show that the fiscal and tax incentives positively affect the technological innovation of enterprises, which provides an important theoretical basis for the government to further improve fiscal and tax policies. Finally, based on the previous research contents, the corresponding conclusions are summarized, and relevant suggestions for improving the fiscal and tax incentive policies are proposed.

The impact of corporate environmental responsibility on corporate cash holdings: evidence from the most polluting listed companies in China

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jia Liao ◽  
Liping Zheng ◽  
Yu Yuan
Keyword(s):  
Environmental Protection ◽  
Emerging Market ◽  
Cash Holdings ◽  
Listed Companies ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Content Type ◽  
Value Of Cash ◽  
The Impact ◽  
Corporate Cash Holdings

PurposeThe purpose of this paper is to examine the impact of corporate environmental responsibility (CER) on corporate cash holdings. This paper also investigates the moderating effects of ownership type and institutional environment between CER and corporate cash holdings.Design/methodology/approachThis study uses the data of the most polluting listed companies on the Shanghai and Shenzhen stock exchange markets over the period 2010–2019. CER data from Hexun.com (a professional CSR evaluation system) are used to measure CER performance. Two proxies are used to measure the level of cash holdings simultaneously, where CASH1 is calculated as the ratio of cash and cash equivalents to total assets, and CASH2 is calculated as the ratio of cash and cash equivalents to net assets (total assets minus cash and cash equivalents). Finally, multiple regression analysis is applied to test the research hypotheses.FindingsThe results show that environmentally responsible companies hold substantially less cash, and the result is statistically significant and robust even after using firm fixed effects and applying alternative measures of cash holdings or alleviating potential endogeneity. In addition, the results of cross-sectional tests show that the negative relation between CER and corporate cash holdings is concentrated among non-state-owned enterprises, and firms in provinces with more developed institutions. Furthermore, the result of the analysis of the economic consequence shows CER significantly increases the value of cash holdings.Research limitations/implicationsThis study focuses on China's institutional context, which limits the generalizability of the findings to other countries. However, the objective of this research can be studied in other institutional settings, so the above limitations provide a springboard for further research. Furthermore, the environmental protection investment, green technology innovation, and even pollutant discharge of companies can also be important indicators to measure the performance of firms in fulfilling their environmental responsibilities, which can be considered in future research.Practical implicationsThe findings of this study may help company management in China to establish a correct view of environmental responsibility to achieve corporate value creation and corporate sustainability. And our research can also provide the policy reference value for the Chinese government to further improve environmental protection policies and systems, guide enterprises to conduct green production to realize the country's vision of an environmentally friendly society.Originality/valueBased on the current background that countries in the world advocate the development of a green economy, this is the first study to examine the impacts of the environmental responsibility of the most polluting companies on corporate cash holdings and the value of cash holdings in the context of China, an emerging market.

scholarly journals Moral Resources, Political Capital and the Development of Environmental Protection Organizations in China: A Case Study of City J

2015 ◽  
Vol 6 (3) ◽  
pp. 395-423
Author(s):  
Ying Xu ◽  
Evaon C. Wong-Kim
Keyword(s):  
Environmental Protection ◽  
Resource Dependence ◽  
Resource Dependence Theory ◽  
Political Capital ◽  
Chinese Government ◽  
Dependence Theory ◽  
The Government ◽  
The Impact ◽  
To Receive

AbstractThis article combines the moral resources and political capital perspective with the theoretical arguments of guanxi and resource dependence theory to explore the strengths and weaknesses of both the Chinese government-organized and the grassroots environmental protection organizations (ENPOs). Qualitative methods were applied in this study, and the impact of these two entities on environmental protection was also analyzed. The findings mainly include: First, the ascribed political capital can ensure good guanxi with governmental departments, and thus improve an NPO’s opportunities to receive resources. Second, although the ascribed political capital enables government-organized ENPOs to run smoothly, their transparency and management need to be improved. Third, though grassroots ENPOs have little of political capital, they possess advantages in terms of the self-chosen moral resource, which can help them become relatively independent from the government and assume responsibility for monitoring the environment. The article concludes with a discussion of implications for policy highlighted by the findings.

scholarly journals The Impact of Technological Innovation on Corporate Performance: Evidence From the Communication and Cultural Industry in China

2018 ◽  
Vol 9 (4) ◽  
pp. 78
Author(s):  
Maoguo Wu ◽  
Nan Gu
Keyword(s):  
Technological Innovation ◽  
Corporate Performance ◽  
Positive Impact ◽  
Strong Support ◽  
Listed Companies ◽  
Cultural Industry ◽  
Explanatory Variables ◽  
The Government ◽  
Increasing Demand ◽  
The Impact

China’s communication and cultural industry is an emerging industry at the primary stage of its development. Nowadays, the public’s increasing demand for cultural products, coupled with the strong support from the state and the government for the communication and cultural industry, have provided huge room for the development of this industry. However, some listed companies in the communication and cultural industry have not kept up with the constantly changing market and have not invested heavily in R&D and technological innovation, resulting in widespread product homogeneity and poor corporate performance. This paper empirically tests the impact of technological innovation on corporate performance of 56 listed companies from 2007 to 2016 in the communication and cultural industry. Along with variables that proxy technological innovation, variables that proxy solvency, profitability, operational capability, development capability, social responsibility, and shareholder indicators are included in the regression as explanatory variables. Empirical results show that technological innovation has a positive impact on the corporate performance of listed companies in the communication and cultural industry.

scholarly journals Environmental Audit for Environmental Improvement and Protection

2017 ◽  
Vol 55 (4) ◽  
pp. 521-538 ◽  
Author(s):  
Snežana Ljubisavljević ◽  
Luka Ljubisavljević ◽  
Dejan Jovanović
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
Continuous Improvement ◽  
Direct Link ◽  
Environmental Audit ◽  
Environmental Improvement ◽  
Research Results ◽  
The Republic ◽  
Draw Conclusion ◽  
The Impact

AbstractThe main purpose of this paper is to explain the ways in which environmental audit contributes to improving and preserving environmental protection, respecting the concept of sustainable development. The paper uses methods of analysis, synthesis, analogy, and continuity. Specifically, to draw conclusion about the impact of environmental audit on environmental improvement and protection, first of all, relevant and available foreign literature and practice are consulted. Research results show direct link between environmental audit requirements and protection and improvement of polluting enterprises’ environment. Practical applicability of research results consists in giving specific proposals to reduce pollution and improve environmental protection. Furthermore, the most appropriate form of environmental audit report is proposed. Originality and importance of research conducted in this study consist of proposals for introduction, implementation, control, and continuous improvement of environmental protection, through internal and external environmental audit in enterprises of the Republic of Serbia.

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