Mass media, air quality, and management turnover

Jian Xu and Jiaxing Zheng

Journal of International Financial Markets, Institutions and Money, 2022, vol. 81, issue C

Abstract: This study investigates whether and how local air pollution shapes firm managers’ mobility when mass media raising public awareness. To establish causality, we introduce an exogenous shock of spatial changes for air pollution by conducting spatial regression discontinuity (RD) analyses across the Huai River boundary in China. We show that air pollution has significant positive effects on firm management turnover, and the effects are strengthened by the release of the documentary Under the Dome which heighten public concerns for air pollution. Plausible mechanism is that aroused public attentions on the damages from air pollutants on human health induce managers to escape from pollution.

Keywords: Management turnover; Air pollution; Mass media; Natural experiment (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1042443122001603
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:81:y:2022:i:c:s1042443122001603

DOI: 10.1016/j.intfin.2022.101688

Access Statistics for this article

Journal of International Financial Markets, Institutions and Money is currently edited by I. Mathur and C. J. Neely

More articles in Journal of International Financial Markets, Institutions and Money from Elsevier
Bibliographic data for series maintained by Catherine Liu ().