Do Anti-Corruption Campaigns Affect Corporate Environmental Responsibility? Evidence from China

Sabri Boubaker, Pei-Zhi Liu, Yi-Shuai Ren and Chao-Qun Ma
Additional contact information
Pei-Zhi Liu: HNU - Hunan University [Changsha]
Yi-Shuai Ren: HNU - Hunan University [Changsha]
Chao-Qun Ma: HNU - Hunan University [Changsha]

Post-Print from HAL

Abstract: This paper examines the anti-corruption campaign in China as an exogenous shock using data on Chinese energy firms from 2010 to 2016. It conducts a quasi-natural experiment using a difference-in-differences model to examine the effect of anti-corruption policies on corporate environmental responsibility. Our findings show that the anti-corruption campaign makes energy firms improve their corporate environmental responsibility. The greater the degree of marketization in the province where the firm is headquartered, the larger the campaign's impact on corporate environmental responsibility. Furthermore, anti-corruption policies have a greater impact on firms with more financial resources and higher analyst coverage. The paper provides the regulator with several policy recommendations for improving corporate environmental responsibility. \textcopyright 2023 Elsevier Inc.

Keywords: Anti-corruption; Chinese energy firms; Corporate environmental responsibility; Difference-in-differences model (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Published in International Review of Financial Analysis, 2024, 91, ⟨10.1016/j.irfa.2023.102961⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Do anti-corruption campaigns affect corporate environmental responsibility? Evidence from China (2024)
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:hal:journl:hal-04432399

DOI: 10.1016/j.irfa.2023.102961

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().