EconPapers    
Economics at your fingertips  
 

Proactive Corporate Environmental Responsibility and Financial Performance: Evidence from Chinese Energy Enterprises

Ying Jiang (), Xiaolong Xue () and Weirui Xue ()
Additional contact information
Ying Jiang: School of Management, Harbin Institute of Technology, Harbin 150001, China
Xiaolong Xue: School of Management, Harbin Institute of Technology, Harbin 150001, China
Weirui Xue: School of Management, Guangzhou University, Guangzhou 510006, China

Sustainability, 2018, vol. 10, issue 4, 1-13

Abstract: With increasing concerns about environmental issues and the advancement of China’s “going global” strategy, a new issue-proactive corporate social responsibility has emerged. Proactive corporate environmental responsibility refers to business actions that go beyond regulatory requirements for supporting sustainable environmental development. This study examines the role of proactive corporate environmental responsibility on corporate financial performance in the Chinese energy industry by the multi-variables regression analysis of panel data. Using data of 264 firm-year observations from 2009–2014 in the energy industry, the results showed that Proactive corporate environmental responsibility has a positive effect on corporate financial performance passing the endogeneity test. The results also demonstrate that private ownership has stronger promotion on the relationship between proactive corporate environmental responsibility and corporate financial performance. This study helps to increase the body of knowledge about proactive corporate environmental responsibility of the emerging economy, provides insights into the corporate environmental responsibility practice, and government environmental regulation and policy.

Keywords: proactive corporate environmental responsibility; corporate financial performance; ownership; emerging market; energy industry (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/10/4/964/pdf (application/pdf)
https://www.mdpi.com/2071-1050/10/4/964/ (text/html)

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:gam:jsusta:v:10:y:2018:i:4:p:964-:d:138126

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2018-10-02
Handle: RePEc:gam:jsusta:v:10:y:2018:i:4:p:964-:d:138126