Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors

Wang, Chunyang; Weng, Yin-Che; Wang, Lei

doi:10.1016/j.bir.2021.02.005

Cited by 20 publications

(11 citation statements)

References 23 publications

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“…This study has the following contributions: First, it enriches and expands the literature in the field of influencing factors of environmental information disclosure quality. The existing literature mainly examines the influencing factors of environmental information disclosure quality from the perspectives of government regulation (Darrell and Schwartz, 1997 [ 7 ]; Cho and Patten, 2007 [ 8 ]; Huang and Kung, 2010 [ 9 ]), corporate governance (Brammer and Pavelin, 2006 [ 10 ]; Zeng et al, 2012 [ 11 ]; Okere et al, 2021 [ 12 ], Gerged, 2021 [ 13 ]), firm characteristics (Brammer and Pavelin, 2008 [ 14 ]; Lu and Abeysekera, 2014 [ 15 ]; Cormier et al, 2005 [ 16 ]; Ismail et al, 2018 [ 17 ]; Kumar, 2021 [ 18 ]), executive characteristics (Lewis et al, 2014 [ 19 ]; Chen et al, 2021 [ 20 ]; Caputo et al, 2021 [ 21 ]), culture and institution (Buhr and Freedman, 2001) [ 22 ], media attention (Rupley et al, 2012 [ 23 ]; Solikhah and Maulina, 2021 [ 24 ]), political connection (Li et al, 2022 [ 25 ]), air quality (Wang et al, 2021 [ 26 ]), institutional ownership (Tarkhouni et al, 2020 [ 27 ], Li et al, 2022 [ 28 ]) and green credit (Zhan, 2021 [ 29 ]). This study examines the influencing factors of environmental information disclosure quality from the perspective of business strategy, so as to broaden the research boundary of the influencing factors of environmental information disclosure quality.…”

Section: Introductionmentioning

confidence: 99%

Business Strategy and Environmental Information Disclosure Quality: Empirical Evidence from Chinese Heavy Pollution Listed Firms

Zhao

et al. 2022

IJERPH

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Using the data of listed firms in China’s A-share heavy pollution industry between 2008 and 2020, based on organizational theory, this study examines the impact of prospector-type firms and defender-type firms on environmental information disclosure quality. Empirical evidence shows that prospector-type firms reduce environmental information disclosure quality, compared with defender-type firms. After a series of robustness tests, the conclusion is still valid. This paper tests the impact mechanism of business strategy on environmental information disclosure quality and finds that financing constraints play a mediating effect in the relationship between business strategy and environmental information disclosure quality. This paper enriches and expands the literature in the field of influencing factors of environmental information disclosure quality and economic consequences of business strategy. At the same time, the conclusion of this paper has important reference significance for regulators to formulate policies to improve environmental information disclosure quality according to the heterogeneity of business strategy.

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Section: Introductionmentioning

confidence: 99%

Business Strategy and Environmental Information Disclosure Quality: Empirical Evidence from Chinese Heavy Pollution Listed Firms

Zhao

et al. 2022

IJERPH

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“…First, whether the firm manages the environment in its production operations, e.g., controlling the release of pollutants (Kim et al, 2019) and reducing carbon emissions (Yao et al, 2019). Second, whether the firm discloses environmental information (e.g., Wang et al, 2021).…”

Section: Methods and Variablesmentioning

confidence: 99%

“…In addition, environmental information quality disclosure is an important measure of CEM. Wang et al (2021) found that institutional investors significantly positively moderate the effect of air pollution on corporate environmental information disclosure by studying China's New Environmental Protection Law, which plays a monitoring role. There are exceptions, however.…”

Section: Investorsmentioning

confidence: 99%

How digital transformation improves corporate environmental management: A review and research agenda

Xia

Chen³

2022

Front. Environ. Sci.

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Digital technologies offer opportunities and challenges for corporate environmental management (CEM). In this paper, we provide an overview of the literature on the relationship between digital transformation (DT) and CEM using a systematic review approach in the Antecedents, Decisions, and Outcomes (ADO) format. We review 181 papers published in almost 30 years from 1997 to 2022 and identify studies and areas where DT has impacted on CEM. We find that the literature examining the DT-CEM relationship has surged since 2019 and is concentrated in areas such as green sustainable science technology and environmental sciences. Further, we analyze the economic consequences of DT, the drivers of CEM, and the mechanisms of DT on CEM. Based on the literature analysis, we find that there is still a large gap in the literature studying the mediators and moderators of the DT-CEM relationship. Further, we find that firms with DT have better responsiveness and improved CEM by using digital resources to accurately capture the demands of different stakeholders on the environment. Finally, we provide a research framework and possible research directions, and propose corresponding management insights and policy recommendations.

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“…In addition to regulators, EID has attracted the attention of many scholars. Extant research has revealed that corporate EID is not only related to numerous micro factors, including corporate governance (Husted and Sousa-Filho, 2019; Lu and Wang, 2021), business strategy (Wang et al , 2021b), financial conditions (Xu et al , 2021; Wang et al , 2022) and environmental performance (Baalouch et al , 2019; Giannarakis, 2018) but is also affected by macro determinants, such as government regulations (Lu and Wang, 2021; Pan and Yao, 2021), anti-corruption (Wei and He, 2022) and air quality (Wang et al , 2021a). However, there is a dearth of research linking it with digital finance (DF), which is an essential feature of the current digital economy that has exerted substantial influence on firms’ financing, production and operation activities.…”

Section: Introductionmentioning

confidence: 99%

The dark side of digital finance: evidence from environmental information disclosure of Chinese listed companies

Guo

Jiang

2023

SAMPJ

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Purpose This study aims to explore the relationship between corporate environmental information disclosure and digital finance. Design/methodology/approach The authors used Chinese listed enterprises as the sample. Data on digital finance are from the China Digital Inclusive Finance Index published by the Institute of Digital Finance of Peking University, and corporate environmental information disclosure is collected from the China Securities Market and Accounting Research database. Multivariate regression and Stata software were used for data analysis. Findings The findings suggest that digital finance significantly inhibits firms’ environmental information disclosure. Digital finance increases firms’ motivation to meet low-income customers’ demands, which is achieved at the expense of environmental performance, leading to deteriorated environmental information disclosure. Furthermore, this inhibitory effect is exacerbated by managerial power but mitigated by institutional shareholdings and political connections. Practical implications The findings have important implications for policymakers and managers when formulating relevant policies regarding the co-development of digital finance and corporate environmental information disclosure. Social implications Environmental information disclosure is a crucial element in CSR disclosure quality. Originality/value This study enriches the literature on the environmental influences of digital finance by examining the relationship between digital finance and corporate environmental information disclosure, a crucial way through which external stakeholders obtain information about corporate environmental behaviours.

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Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors

Cited by 20 publications

References 23 publications

Business Strategy and Environmental Information Disclosure Quality: Empirical Evidence from Chinese Heavy Pollution Listed Firms

Business Strategy and Environmental Information Disclosure Quality: Empirical Evidence from Chinese Heavy Pollution Listed Firms

How digital transformation improves corporate environmental management: A review and research agenda

The dark side of digital finance: evidence from environmental information disclosure of Chinese listed companies

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