On the social value of publicly disclosed information and environmental regulation

Elnaboulsi, Jihad; Daher, Wassim; Saglam, Yigit

doi:10.1016/j.reseneeco.2018.05.003

Cited by 19 publications

(6 citation statements)

References 42 publications

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“…The supervision of pollution behavior of industrial enterprises by the government is often quarterly or annual static detection, rather than real-time dynamic monitoring. In addition, the low degree of informatization of environmental supervision and the low degree of public participation make it difficult for environmental policies to achieve the desired results (Elnaboulsi et al, 2018). The main purpose of EID measures is to standardize and promote the environmental protection administrative departments and enterprises to disclose environmental information, ensure the rights of citizens and society to obtain environmental information, and promote public participation and environmental protection.…”

Section: Research Hypothesismentioning

confidence: 99%

Can Environmental Information Disclosure Improve Urban Green Economic Efficiency? New Evidence From the Mediating Effects Model

Lin

2022

Front. Environ. Sci.

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Environmental information disclosure is one of the important ways to realize urban sustainable development. This study explores the transmission mechanism between environmental information disclosure and urban green economic efficiency (UGEE) and solves the “black box” system between them. In this method, first, the urban green economic efficiency is calculated using the data envelopment analysis model with undesirable output. Second, the panel data model and the mediating effects model are employed to test the impact of environmental information disclosure on urban green economic efficiency and the possible mediating variables. The main conclusions of this study are as follows: 1) Environmental information disclosure significantly improves urban green economic efficiency, and reducing industrial pollutant emission and improving technological innovation are the significant transmission mechanisms. (2) There is a U-shaped curve relationship between environmental information disclosure and urban green economic efficiency and environmental information disclosure and technological innovation. On the contrary, there is an inverted U-shaped curve relationship between environmental information disclosure and industrial pollutant emission. 3) Environmental information disclosure has a greater sustainability effect in industrial cities. The conclusion shows that environmental information disclosure can improve the efficiency of urban green economy by improving the ability of urban technological innovation and reducing the emission of industrial pollutants. Environmental information disclosure plays a role of “restraining first and then promoting” to sustainable development. This research provides a reference for how to lessen information asymmetry and reduce negative externalities in the formulation of environmental regulatory policies.

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Section: Research Hypothesismentioning

confidence: 99%

Can Environmental Information Disclosure Improve Urban Green Economic Efficiency? New Evidence From the Mediating Effects Model

Lin

2022

Front. Environ. Sci.

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“…Most scholars hold the view that strict environmental regulation is conducive to reducing pollutant emissions and substantially improving air quality [13], while some scholars support an inverse U-shaped relationship between environmental regulation and air quality, with the significant sign shifting from positive to negative [14]. The inconsistent results give rise to a number of subsequent studies on the variance in the effectiveness of specific regulatory instruments like environmental legislations, environmental levies and violation penalties [15][16][17]. However, the remaining problem is that those studies focus mainly on measures targeted at restraining enterprises' pollution behaviors, with little discussion devoted to regulatory instruments conducted to prompt local governments' environmental enforcement.…”

Section: Introductionmentioning

confidence: 99%

Does Environmental Inspection Led by the Central Government Improve the Air Quality in China? The Moderating Role of Public Engagement

Tian

Yang

et al. 2020

Sustainability

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The severe air pollution in China has imperiled public health and resulted in substantial economic loss. To tackle the unprecedented pollution challenges, China has launched a campaign-based environmental inspection over all regions to impel local governments’ actual pollution abatement. At the same time, with the public’s awakening awareness about environmental protection, the public has also played a particularly vital role in this inspection. Under this circumstance, the study tries to reveal the impact of Environmental Inspection led by the Central Government (EICG) on air quality improvement, and to examine the role of public engagement in their relationship. Specifically, utilizing daily data covering 249 prefecture-level cities in China from 1 June 2015 to 31 May 2018, this study employed multiple regression models and then found that due to the implementation of EICG, the concentrations of PM2.5, PM10, SO2 and NO2 decline by 2.642 μg/m3, 6.088 μg/m3, 1.357 μg/m3 and 1.443 μg/m3, respectively, and the air quality index decreases by 2.4 in total, which implies that EICG can improve the air quality to a great extent. However, the coefficients for major variables change from negative to positive, suggesting that an attenuation effect of EICG on air quality improvement exists in Chinese institutional background. Meanwhile, public engagement is shown to enhance the positive association between EICG and air quality improvement. Additionally, further analysis demonstrates that EICG promotes the improvement in air quality up to three months after the inspection in cities during the heating period, while the positive effect has existed during one month before the inspection in cities during the non-heating period. Additionally, in contrast to the instant effect in cities not specially monitored, there is a lagged effect of EICG in controlling the air pollution in cities specially monitored.

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“…We collected the email addresses of treated companies from their websites and annual reports. The companies who received the communication letter believed that their EID compliance information was more likely to be seen by the government; thus, they were exposed to regulatory pressure from the top down (Elnaboulsi et al, 2018;Foulon et al, 2002;Olken, 2007). Reporting information to the government has also been commonly used in the literature on the impact of citizen oversight as a strategy to measure regulatory pressure (e.g., Bernedo Del Carpio et al, 2021;Christensen et al, 2021;Cooperman et al, 2021;Danielsen et al, 2010;Eisenbarth et al, 2021;Slough et al, 2021aSlough et al, , 2021b.…”

Section: Experimental Designmentioning

confidence: 99%

Informal regulation by nongovernmental organizations enhances corporate compliance: Evidence from a nationwide randomized controlled trial in China

Tang,

Liu,

Xia

et al. 2023

J Policy Anal Manage

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As a key component of informal regulation, nongovernmental organization (NGO) monitoring reduces the cost of government oversight and increases the visibility of corporate performance to stakeholders, thereby promoting corporate compliance. We conduct a nationwide randomized controlled trial (RCT) to investigate the causal effect of NGO monitoring on corporate compliance as measured by the environmental information disclosure (EID) of China's highly polluting listed companies. We find that companies improve their EID after being alerted to NGO monitoring, especially private companies and companies with poor baseline performance. Both the threat of being reported to regulators and that of being reported to the market are effective ways of NGO monitoring, while companies with strong political connections show no response to regulatory threats. Our findings indicate the efficacy of informal regulations and the significance of NGOs in the promotion of corporate compliance.

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On the social value of publicly disclosed information and environmental regulation

Cited by 19 publications

References 42 publications

Can Environmental Information Disclosure Improve Urban Green Economic Efficiency? New Evidence From the Mediating Effects Model

Can Environmental Information Disclosure Improve Urban Green Economic Efficiency? New Evidence From the Mediating Effects Model

Does Environmental Inspection Led by the Central Government Improve the Air Quality in China? The Moderating Role of Public Engagement

Informal regulation by nongovernmental organizations enhances corporate compliance: Evidence from a nationwide randomized controlled trial in China

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