Do negative environmental media reports increase environmental information disclosures? A comparative analysis based on political connections and market competition

Xuan Chen and Liang Zhang

Managerial and Decision Economics, 2022, vol. 43, issue 6, 2480-2500

Abstract: Heavily polluting companies listed in Shanghai and Shenzhen are used as the sample, and the difference in difference method is applied to analyze how different companies make environmental information disclosure (EID) decisions following negative environmental media reports. The results indicate that the media's supervisory effects are limited, and political connections do not significantly change EID decisions. However, in‐depth media reports and high‐frequency reports can selectively improve EID when companies are exposed to strongly competitive markets. Further, high‐level political connections increase enthusiasm for EID in strongly competitive markets. In contrast, weak competitive markets have the opposite effect.

Date: 2022
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https://doi.org/10.1002/mde.3539

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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:43:y:2022:i:6:p:2480-2500

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