Can Environmental Regulations Promote Corporate Environmental Responsibility? Evidence from the Moderated Mediating Effect Model and an Empirical Study in China
Benhong Peng (),
Yu Tu () and
Guo Wei ()
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Benhong Peng: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Yu Tu: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Guo Wei: Department of Mathematics & Computer Science, University of North Carolina at Pembroke, Pembroke, NC 28372, USA
Sustainability, 2018, vol. 10, issue 3, 1-16
Based on the Stakeholder theory, a moderated mediating effect model is developed to reach the study objective, revealing an important connection that suggests environmental regulations (ERs) influence corporate environmental responsibility (CER) (Porter Hypothesis). In building the model, the validity of the questionnaire data was analyzed with factor analysis. By employing a two-step approach, a regression analysis is utilized to discuss the mediating effect of altruistic motivation and moderating effect of green innovation, and a structural equation model is used to explore the interactive mechanism of different variables. It is found that altruistic motivation plays a medium role in the relationship between ERs and CER, and green innovation engages a positive coordination in the relationship. The empirical study identifies factors affecting enterprises’ willingness to undertake environmental responsibility, including environment policies, corporate culture, and personal characters among others. It is also revealed that altruistic motivation is conducive to forming a community interests among enterprises and enhancing their resistance to market risks, which explains and corroborates the Stakeholder theory; and the higher the level of green innovation, the more willing enterprises are to implement environmentally friendly operations.
Keywords: environmental regulation; corporate environmental responsibility; altruistic motivation; green innovation; Porter Hypothesis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:3:p:641-:d:133963
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