The rise of common state ownership and corporate environmental performance

Xutang Liu, Sabri Boubaker (), Jing Liao and Shouyu Yao
Additional contact information
Xutang Liu: QDU - Qingdao University
Sabri Boubaker: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School, VNU - Vietnam National University [Hanoï], Swansea University
Jing Liao: Massey University
Shouyu Yao: TJU - Tianjin University

Post-Print from HAL

Abstract: This study assesses the effect of common state ownership on corporate environmental performance. Using a large sample of Chinese listed firms, we find that state-owned common ownership leads to significantly enhanced corporate environmental performance. Our mechanism analysis indicates that state-owned common owners promote environmental-friendly practices through resource allocation mechanisms that alleviate corporate financial constraints. In addition, these owners play a leadership role in fostering corporate green innovation and enhancing the overall performance of the industry. Specifically, common state ownership leads to higher industry's green total factor productivity and profitability. Moreover, we observe that the positive relationship between common state ownership and corporate environmental performance is more pronounced in firms without politically connected CEOs/chairpersons and in privately owned firms.

Keywords: China; Corporate environmental performance; Leadership role; Government social objective; Common state ownership (search for similar items in EconPapers)
Date: 2025-09-01
References: Add references at CitEc
Citations:

Published in British Accounting Review, 2025, 57 (5), pp.101368. ⟨10.1016/j.bar.2024.101368⟩

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

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:hal:journl:hal-05568797

DOI: 10.1016/j.bar.2024.101368

Access Statistics for this paper

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