2020
DOI: 10.1016/j.jclepro.2020.120343
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The protected polluters: Empirical evidence from the national environmental information disclosure program in China

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Cited by 37 publications
(13 citation statements)
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“…Under the real option perspective, heavy‐polluter firms are more likely to benefit from the local corruption and have fewer incentives to disclose their ESG performance compared to their counterparts. Intuitively, heavy‐polluter firms may have less incentives to decarbonize given the excessive costs of ESG investment and restructuring; therefore, they can lobby and use political patronage from corrupt officials to insulate themselves from market pressure and disclose less environmental information (Zhang & Xie, 2020). This argument is in line with corruption that affects the effectiveness of environmental regulations (Teichmann et al, 2020), hinders corporate investment in environmental protection (Yang et al, 2021), and lowers corporate information transparency (Dass et al, 2016).…”
Section: Literature Review and Hypotheses Developmentmentioning
confidence: 99%
“…Under the real option perspective, heavy‐polluter firms are more likely to benefit from the local corruption and have fewer incentives to disclose their ESG performance compared to their counterparts. Intuitively, heavy‐polluter firms may have less incentives to decarbonize given the excessive costs of ESG investment and restructuring; therefore, they can lobby and use political patronage from corrupt officials to insulate themselves from market pressure and disclose less environmental information (Zhang & Xie, 2020). This argument is in line with corruption that affects the effectiveness of environmental regulations (Teichmann et al, 2020), hinders corporate investment in environmental protection (Yang et al, 2021), and lowers corporate information transparency (Dass et al, 2016).…”
Section: Literature Review and Hypotheses Developmentmentioning
confidence: 99%
“…Using voluntary disclosure theory, Tadros and Magnan ( 2019 ) empirical study found a positive and statistically significant relationship between environmental accounting information disclosure and environmental performance for oil and gas companies in the USA. Zhang and Xie ( 2020 ) through the establishment of an environmental information disclosure index evaluation system, employed a comprehensive analysis of the relationship between environmental information disclosure and environmental performance of listed companies in the light-polluting industry using GMM estimation technique. The authors found that the quality of industrial environmental performance and environmental information changes are in the same direction, that is, the better the environmental performance, the higher the quality of environmental disclosure.…”
Section: Literature Reviewmentioning
confidence: 99%
“…For state‐owned enterprises, in addition to undertaking the responsibility of maximizing corporate interests, they also undertake many political responsibilities such as guaranteeing employment and maintaining social stability. Zhang and Xie (2020) found that companies with political connections are less susceptible to environmental information transparency policy. Gaowen Kong et al.…”
Section: Resultsmentioning
confidence: 99%