scholarly journals Can Financial Constraints and Regulatory Distance Reduce Corporate Environmental Irresponsibility?

2021 ◽  
Vol 13 (23) ◽  
pp. 13243
Author(s):  
Haiquan Wu ◽  
Wenli Liao ◽  
Zhifang Zhou ◽  
Yi Li
Keyword(s):  
Financial Constraints ◽  
Capital Adequacy ◽  
Environmental Responsibility ◽  
Clear Understanding ◽  
Corporate Environmental Responsibility ◽  
Factors Affecting ◽  
Global Environmental Problems ◽  
Global Environmental ◽  
Social Environmental ◽  
Corporate Social

As global environmental problems become increasingly severe, corporate social (environmental) responsibility has become a hot topic in research, but there is still a lack of clear understanding of corporate environmental irresponsibility behavior and the driving factors behind this behavior. Our research aims to reveal the factors affecting corporate environmental irresponsibility from both internal and external perspectives. Inside enterprises, financial constraints will affect the degree of capital adequacy and thus affect the environmental behavior of enterprises. Externally, the fulfillment of corporate environmental responsibility will be affected by external regulatory pressure. Taking 399 A-share listed companies in China’s heavily polluting industries as the research objects, this paper empirically analyzes the influence paths and internal mechanisms of financial constraints and regulatory distance on corporate environmental irresponsibility, and it further divides regulatory distance into physical regulatory distance and power regulatory distance. This paper’s findings show that both financial constraints and physical regulatory distance were positively correlated with corporate environmental irresponsibility in China, and that the positive correlation between physical regulatory distance and corporate environmental irresponsibility was more significant in non-state-owned enterprises. In addition, financial constraints and regulatory distance have a complementary effect on corporate environmental irresponsibility. These findings can reduce the environmental risks posed by enterprises and help them to avoid environmental irresponsibility.

scholarly journals Can Mandatory Disclosure Policies Promote Corporate Environmental Responsibility?—Quasi-Natural Experimental Research on China

2021 ◽  
Vol 18 (11) ◽  
pp. 6033
Author(s):  
Yue Liu ◽  
Pierre Failler ◽  
Liming Chen
Keyword(s):  
Property Rights ◽  
Large Scale ◽  
Environmental Responsibility ◽  
Mandatory Disclosure ◽  
Corporate Environmental Responsibility ◽  
Disclosure Policy ◽  
Protection Information ◽  
The Difference ◽  
Csr Disclosure ◽  
Corporate Social

Corporate environmental responsibility (CER) is an important component of the corporate social responsibility (CSR) report, and an important carrier for enterprises to disclose environmental protection information. Based on the corporate micro data, this paper evaluates the effect of a mandatory CSR disclosure policy on the fulfillment of corporate environmental responsibility by adopting the difference-in-differences model (DID) with the release of a mandatory disclosure policy of China in 2008 as a quasi-natural experiment. The study draws the following conclusions: First, a mandatory CSR disclosure policy can promote the fulfillment of CER. Second, after the implementation of a mandatory CSR disclosure policy, enterprises can improve their CER level through two channels: improving the quality of environmental management disclosure and increasing the number of patents. Third, the heterogeneity of the impacts of mandatory CSR disclosure on CER is reflected in three aspects: different CER levels, different corporate scales and a different property rights structure. In terms of the CER level, there is an inverted U-shaped relationship between the CER level and mandatory CSR disclosure effect. In terms of the corporate scale, mandatory disclosure of CSR plays a greater role in large-scale enterprises. In terms of the structure of property rights, mandatory CSR disclosure has a greater effect on non-state-owned enterprises.

scholarly journals Application of Corporate Social Responsibility -- Taking Chinese Listed Companies in the COVID-19 as an Example

2021 ◽  
Author(s):  
Chih-Yi Hsiao ◽  
Hao-Wei Chen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Financial Constraints ◽  
Listed Companies ◽  
Factors Affecting ◽  
Financial Slack ◽  
Revenue Growth ◽  
Chinese Listed Companies ◽  
Corporate Social

This study focuses on a sample of Chinese listed companies from 2019 to 2020 to explore the relationships among corporate social responsibility, financial constraints, and financial performance. In addition, we discuss five factors affecting financial constraints. We also analyze the types of enterprises that can improve their financial performance by implementing corporate social responsibility keeping in mind the factors that lead to a high degree of financial constraint. The results indicate that: 1. The degree of financial constraints has a negative and significant impact on financial performance; 2. There is a reverse relationship between the degree of financial constraints and the effectiveness of corporate social responsibility measures; 3. Enterprises with high financial constraints (due to lower financial slack and revenue growth rates) can significantly improve their financial performance through the implementation of effective corporate social responsibility programs. 4. Enterprises with high financial constraints, caused by financial slack and revenue growth rate, can significantly improve their financial performance by implementing corporate social responsibility programs.

scholarly journals Optimal Strategies of Product Price, Quality, and Corporate Environmental Responsibility

2019 ◽  
Vol 16 (23) ◽  
pp. 4704 ◽  
Author(s):  
Wei Peng ◽  
Baogui Xin ◽  
Yekyung Kwon
Keyword(s):  
Optimal Strategies ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Product Price ◽  
Charitable Contributions ◽  
Corporate Strategies ◽  
The Awakening ◽  
Environmental Actions ◽  
Hamilton Jacobi Bellman ◽  
Corporate Social

With the awakening of environmental consciousness, more and more firms desire to go “green” by shifting their focus of corporate social responsibility (CSR) from charitable contributions to environmental actions called corporate environmental responsibility (CER). We develop a monopoly differential game to depict optimal corporate strategies of product price, quality, and CER. Using the Hamilton–Jacobi–Bellman (HJB) equation, we analyze optimal feedback equilibrium strategies for pricing and investing in both quality and CER with/without government subsidies. Numerical simulations show that government subsidy can improve CER and profit.

scholarly journals Konsep dan Penerapan Model Kebijakan Corporate Environmental Responsibility di Indonesia

2020 ◽  
Vol 15 (2) ◽  
pp. 89-107
Author(s):  
Syamsudin Isnaini ◽  
Amalia Diamantina
Keyword(s):  
Social Responsibility ◽  
Secondary Data ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Conceptual Approach ◽  
Economic Interests ◽  
Policy Model ◽  
Corporate Social ◽  
The Impact ◽  
A Company

The friction between economic interests and environmental interests has become a serious problem today. The friction between the two interests is evident in the activities of a company, therefore a company is given responsibility for the impact caused by its activities. This responsibility is “corporate social and environmental responsibility”. However, the term "Corporate Social Responsibility (CSR)" is often used in Indonesian society. The use of this term has a legal consequence, namely that the company's responsibility is only social responsibility, while environmental responsibility does not exist. Departing from these problems, this study will focus on discussing problems regarding the “Corporate Environmental Responsibility (CER)” policy model in Indonesia, particularly regarding the CER policy model, and the types of CER policies. This research is a normative juridical research with a statutory approach and a conceptual approach. The data used is secondary data in the form of laws and regulations and news about company and / or government programs in the field of environmental management. Based on the research results, it is known that the CER policy model clarifies and reinforces the regulation of corporate responsibility towards environmental aspects, CER policies can come from corporate initiatives or come from government initiatives.

scholarly journals Prospects for implementation of corporate environmental responsibility concept: the eu experience for Ukraine

2020 ◽  
Vol 11 (8) ◽  
pp. 600
Author(s):  
Bohdan Andrushkiv ◽  
Liliya Melnyk ◽  
Viktor Palianytsia ◽  
Olena Sorokivska ◽  
Roman Sherstiuk
Keyword(s):  
Environmental Sustainability ◽  
Business Environment ◽  
European Countries ◽  
Ecological Sustainability ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
Factors Affecting ◽  
Environmental Practice ◽  
Environmental Sustainability Index ◽  
The Eu

A comparative analysis of the main indicators of ecological sustainability in Ukraine and European countries has been done and the economic indicators of nature use in Ukraine have been studied. The purpose of this article is to study the experience and development peculiarities of corporate environmental responsibility, as well as the implementation of better European environmental practice in Ukrainian business. The research methodology concerns to the study of the Environmental Sustainability Index of Ukraine and European countries, as well as the Eco-innovations Index. The key criteria for corporate environmental responsibility has been identified based on the analysis results and a list of factors affecting the environmental responsibility of the enterprise has been formed. The conceptual framework of corporate environmental responsibility in Ukraine with application European principles and approaches for creating a favourable business environment has been developed.

scholarly journals Greenwashing and Environmental Communication: Effects on Stakeholders’ Perceptions

2019 ◽  
Author(s):  
Riccardo Torelli ◽  
Federica Balluchi ◽  
Arianna Lazzini
Keyword(s):  
Business Performance ◽  
Environmental Communication ◽  
Environmental Responsibility ◽  
Design Experiment ◽  
Corporate Environmental Responsibility ◽  
Environmental Practices ◽  
Communication Effects ◽  
Earth Day ◽  
Corporate Social ◽  
Different Levels

Since the first Earth Day in the 1970s, corporate environmental performance has increased dramatically, and cases of greenwashing have increased sharply. The term greenwash refers to a variety of different misleading communications that aim to form overly positive beliefs among stakeholders about a company's environmental practices. The growing number of corporate social responsibility claims, whether founded or not, creates difficulties for stakeholders in distinguishing between truly positive business performance and companies that only appear to embrace a model of sustainable development. In this context, through the lens of legitimacy and signalling theory, we intend to understand and assess the different influences that various types of misleading communications about environmental issues have on stakeholders' perceptions of corporate environmental responsibility and greenwashing. Stakeholder responses to an environmental scandal will also be assessed. The hypotheses tested through a four‐for‐two design experiment reveal that different levels of greenwashing have a significantly different influence on stakeholders' perceptions of corporate environmental responsibility and stakeholders' reactions to environmental scandals.

scholarly journals A INSUFICIÊNCIA DA RESPONSABILIDADE SOCIOAMBIENTAL EMPRESARIAL NA PERSPECTIVA DO DESENVOLVIMENTO SUSTENTÁVEL

2017 ◽  
Vol 8 (2) ◽  
pp. 55
Author(s):  
Jacopo Paffarini ◽  
Mariângela Matarazzo Fanfa Colognese ◽  
Eduardo Henrique Hamel
Keyword(s):  
Sustainable Development ◽  
Environmental Sociology ◽  
Environmental Responsibility ◽  
Environmental Harm ◽  
Environmental Preservation ◽  
Awareness Tool ◽  
Production Practices ◽  
Social Environmental ◽  
Corporate Social ◽  
Learning Focused

O desenvolvimento econômico fundamentado na exploração desenfreada da natureza é uma sistemática funcional para os objetivos do capitalismo. Diante dos problemas ambientais decorrentes das atividades econômicas e industriais, o mundo corporativo despertou para a necessidade de incorporar a questão socioambiental na gestão. Todavia, persiste a incompatibilidade entre as finalidades do capitalismo e o desenvolvimento sustentável. A responsabilidade socioambiental corporativa não atingiu níveis razoáveis de efetividade e luta para conciliar o sistema produtivista e consumista com a preservação ambiental. Este estudo tem como objetivo questionar a insuficiência da responsabilidade socioambiental empresarial na perspectiva do desenvolvimento sustentável e promover a Sociologia Ambiental como ferramenta de conscientização. Nesse contexto, surge como imprescindível a abordagem do desenvolvimento na sujeição da sustentabilidade, a partir de outra perspectiva frente às ações e práticas de produção que ajustam o desenvolvimento. Através de pesquisa exploratória bibliográfica, são descritos esses conceitos e suas aproximações e afastamentos. Conclui-se que o esgotamento ambiental é um limite para o avanço do capitalismo e gerenciar essa crise planetária pressupõe a aprendizagem focada na consciência ambiental e na construção social ambiental.Palavras-chave: Capitalismo. Desenvolvimento sustentável. Dano ambiental. Responsabilidade. Sociologia ambiental.Abstract: The economic development based on the unbridled exploitation of nature is a functional systematic for the purposes of capitalism. Faced with the environmental problems arising from economic and industrial activities, the corporate world has awakened to the need to incorporate social and environmental issues in management. However, persists the incompatibility between capitalism and sustainable development purposes. Therefore, the corporate social and environmental responsibility has not reached reasonable levels of effectivness and it struggles to reconcile productivist and consumerist system with environmental preservation. This study aims to question the insufficiency of corporate social-environmental responsibility in the perspective of sustainable development and to promote Environmental Sociology as an awareness tool. In this context, the approach of development in the subjection of sustainability emerged as essential, from another perspective regarding the actions and production practices that adjust the development. Through exploratory bibliographic research, these concepts and their approximations and departures are described. It is concluded that environmental depletion is a limit for the advance of capitalism and managing this planetary crisis presupposes learning focused on environmental awareness and environmental social construction.Keywords: Capitalism. Sustainable development. Environmental harm. Responsibility. Environmental sociology.

scholarly journals Corporate Environmental Responsibility in Malaysia and India: A Preliminary Analysis

2019 ◽  
Vol 4 (11) ◽  
pp. 195
Author(s):  
Irini Ibrahim ◽  
Khor Poy Hua ◽  
Sodiq Omoola
Keyword(s):  
Environmental Sustainability ◽  
Publishing House ◽  
Policy Framework ◽  
Environmental Responsibility ◽  
Toxic Substances ◽  
Corporate Environmental Responsibility ◽  
Environmentally Sustainable ◽  
International Publishing ◽  
Corporate Social ◽  
Open Access Article

Following the activities of a tyre recycling company in Johor, Malaysia, over 2000 people fell sick and 111 schools were shut when toxic substances were released into the Sungai Kim Kim, a river in Pasir Gudang. This paper examines the relevance of corporate environmental responsibility (CER) policy framework in ensuring constant environmental sustainability by corporate bodies in Malaysia. The paper adopts a comparative law research methodology to assess the potential impact of environmentally sustainable corporate social responsibility across two jurisdictions i.e., Malaysia and India. Looking at existing CER framework in another jurisdiction, the paper argues that voluntary and mandatory CER can strengthen existing environmental regulations in Malaysia under the environmental regulation in Malaysia.Keywords: Environment, Corporate Environment Responsibility, Malaysia, IndiaeISSN: 2398-4287 © 2019. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/e-bpj.v4i11.1662

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