Bank loans and firm environmental information disclosure: Evidence from China's heavy polluters

Long Wu and Lei Xu

Australian Economic Papers, 2022, vol. 61, issue 1, 42-71

Abstract: We examine the impact of environmental information disclosure (EID) on heavy polluters' access to bank loans. Through a proprietary dataset of listed heavy polluters in China between 2011 and 2018, we find that the quality of EID positively contributes to their access to bank loans. Furthermore, banks rely more on EID in lending practice to heavy polluters in less‐developed regions, with poor internal control, or with state ownership. Our findings support the effectiveness of EID in China's loan market and may have policy implications for the green management of heavy polluters in emerging markets.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1111/1467-8454.12236

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:bla:ausecp:v:61:y:2022:i:1:p:42-71

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-900X

Access Statistics for this article

Australian Economic Papers is currently edited by Daniel Leonard

More articles in Australian Economic Papers from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().