Social credit scoring system and corporate pollution governance: Insights from China's Social Credit System Construction
Author
Abstract
Suggested Citation
DOI: 10.1016/j.irfa.2024.103774
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Wang Dong & Hongling Han & Yun Ke & Kam C. Chan, 2018. "Social Trust and Corporate Misconduct: Evidence from China," Journal of Business Ethics, Springer, vol. 151(2), pages 539-562, August.
- Presbitero, Andrea F. & Zazzaro, Alberto, 2011.
"Competition and relationship lending: Friends or foes?,"
Journal of Financial Intermediation, Elsevier, vol. 20(3), pages 387-413, July.
- Andrea Filippo Presbitero & Alberto Zazzaro, 2009. "Competition and Relationship Lending: Friends or Foes?," Mo.Fi.R. Working Papers 13, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Andrea F. Presbitero & Alberto Zazzaro, 2010. "Competition and Relationship Lending: Friends or Foes?," CESifo Working Paper Series 3103, CESifo.
- Zhang, Bing & Chen, Xiaolan & Guo, Huanxiu, 2018. "Does central supervision enhance local environmental enforcement? Quasi-experimental evidence from China," Journal of Public Economics, Elsevier, vol. 164(C), pages 70-90.
- Tzouvanas, Panagiotis & Kizys, Renatas & Chatziantoniou, Ioannis & Sagitova, Roza, 2020. "Environmental disclosure and idiosyncratic risk in the European manufacturing sector," Energy Economics, Elsevier, vol. 87(C).
- Hazilla, Michael & Kopp, Raymond J, 1990. "Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 853-873, August.
- Xing Zhao & Yuanyuan Qian, 2024. "Does Digital Technology Promote Green Innovation Performance?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 7568-7587, June.
- Gutiérrez, Emilio & Teshima, Kensuke, 2018. "Abatement expenditures, technology choice, and environmental performance: Evidence from firm responses to import competition in Mexico," Journal of Development Economics, Elsevier, vol. 133(C), pages 264-274.
- Ren, Xiaohang & Zeng, Gudian & Sun, Xianming, 2023. "The peer effect of digital transformation and corporate environmental performance: Empirical evidence from listed companies in China," Economic Modelling, Elsevier, vol. 128(C).
- Pittman, Jeffrey A. & Fortin, Steve, 2004. "Auditor choice and the cost of debt capital for newly public firms," Journal of Accounting and Economics, Elsevier, vol. 37(1), pages 113-136, February.
- Karajian, Sarine & Ullah, Saif, 2022. "Consequences of fraud and overcoming negative market reaction," Global Finance Journal, Elsevier, vol. 52(C).
- Roychowdhury, Sugata & Shroff, Nemit & Verdi, Rodrigo S., 2019. "The effects of financial reporting and disclosure on corporate investment: A review," Journal of Accounting and Economics, Elsevier, vol. 68(2).
- Shihua Chen & Wanying Cai & Khalil Jebran, 2021. "Does Social Trust Mitigate Earnings Management? Evidence from China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(10), pages 2995-3016, August.
- Chen, Zhao & Kahn, Matthew E. & Liu, Yu & Wang, Zhi, 2018.
"The consequences of spatially differentiated water pollution regulation in China,"
Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 468-485.
- Zhao Chen & Matthew E. Kahn & Yu Liu & Zhi Wang, 2016. "The Consequences of Spatially Differentiated Water Pollution Regulation in China," NBER Working Papers 22507, National Bureau of Economic Research, Inc.
- Zhao Chen & Matthew Kahn & Liu Yu & Zhi Wang, 2016. "The Consequences of Spatially Differentiated Water Pollution Regulation in China," Working Papers id:11231, eSocialSciences.
- Denis Cormier & Michel Magnan & Barbara Van Velthoven, 2005. "Environmental disclosure quality in large German companies: Economic incentives, public pressures or institutional conditions?," European Accounting Review, Taylor & Francis Journals, vol. 14(1), pages 3-39.
- Javed, Muzhar & Wang, Fangjun & Usman, Muhammad & Ali Gull, Ammar & Uz Zaman, Qamar, 2023. "Female CEOs and green innovation," Journal of Business Research, Elsevier, vol. 157(C).
- Yan Wu & Chunlai Chen & Cong Hu, 2021. "Does the Belt and Road Initiative Increase the Carbon Emission Intensity of Participating Countries?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(3), pages 1-25, May.
- Xingqiang Du, 2015. "Does Confucianism Reduce Minority Shareholder Expropriation? Evidence from China," Journal of Business Ethics, Springer, vol. 132(4), pages 661-716, December.
- Xin Li & Fei Guo & Jiaqi Wang, 2024. "A path towards enterprise environmental performance improvement: How does CEO green experience matter?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 820-838, February.
- Jianhua Tan & Kam C. Chan & Samuel Chang & Bin Wang, 2023. "Effects of carbon emissions on audit fees," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 38(7), pages 1112-1140, September.
- Arik Levinson, 2009.
"Technology, International Trade, and Pollution from US Manufacturing,"
American Economic Review, American Economic Association, vol. 99(5), pages 2177-2192, December.
- Levinson, Arik, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," RFF Working Paper Series dp-07-40, Resources for the Future.
- Arik Levinson, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," NBER Working Papers 13616, National Bureau of Economic Research, Inc.
- Arik Levinson, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," Working Papers gueconwpa~07-07-05, Georgetown University, Department of Economics.
- Arik Levinson, 2008. "Technology, International Trade, and Pollution from U.S. Manufacturing," NCEE Working Paper Series 200802, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Feb 2008.
- Wei, Hao & Zhou, Yaru, 2023. "The impact of international talent on environmental pollution: Firm-level evidence from China," Energy Economics, Elsevier, vol. 125(C).
- Zhang, Cheng & Zhou, Bo & Tian, Xuan, 2022. "Political connections and green innovation: The role of a corporate entrepreneurship strategy in state-owned enterprises," Journal of Business Research, Elsevier, vol. 146(C), pages 375-384.
- Chen, Fenglong & Wang, Meichang & Pu, Zhengning, 2022. "The impact of technological innovation on air pollution: Firm-level evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
- Carlo Corradini, 2022. "Social trust and new firm formation: a regional perspective," Small Business Economics, Springer, vol. 58(1), pages 169-184, January.
- Chen, Shiyi & Chen, Tao & Lou, Pingyi & Song, Hong & Wu, Chenyu, 2023. "Bank deregulation and corporate environmental performance," World Development, Elsevier, vol. 161(C).
- Zuo, Jingjing & Huang, Changqing & Qiu, Baoyin & Mai, Ruidong, 2023. "The construction of social credit system and corporate innovation: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 81(C).
- Francesco Calza & Giorgia Profumo & Ilaria Tutore, 2016. "Corporate Ownership and Environmental Proactivity," Business Strategy and the Environment, Wiley Blackwell, vol. 25(6), pages 369-389, September.
- Jim Andersén & Christian Jansson & Torbjörn Ljungkvist, 2020. "Can environmentally oriented CEOs and environmentally friendly suppliers boost the growth of small firms?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 325-334, February.
- Chen, Yvonne Jie & Li, Pei & Lu, Yi, 2018. "Career concerns and multitasking local bureaucrats: Evidence of a target-based performance evaluation system in China," Journal of Development Economics, Elsevier, vol. 133(C), pages 84-101.
- Han, Yingwei & Li, Jie, 2022. "Should investors include green bonds in their portfolios? Evidence for the USA and Europe," International Review of Financial Analysis, Elsevier, vol. 80(C).
- Zhang, Qi & Yu, Zhi & Kong, Dongmin, 2019. "The real effect of legal institutions: Environmental courts and firm environmental protection expenditure," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
- Huang, Hongyun & Mbanyele, William & Wang, Fengrong & Zhang, Chenxi & Zhao, Xin, 2023. "Nudging corporate environmental responsibility through green finance? Quasi-natural experimental evidence from China," Journal of Business Research, Elsevier, vol. 167(C).
- Dongmin Kong & Jia Liu & Yanan Wang & Ling Zhu, 2024. "Employee Stock Ownership Plans and Corporate Environmental Engagement," Journal of Business Ethics, Springer, vol. 189(1), pages 177-199, January.
- Dyck, Alexander & Lins, Karl V. & Roth, Lukas & Wagner, Hannes F., 2019.
"Do institutional investors drive corporate social responsibility? International evidence,"
Journal of Financial Economics, Elsevier, vol. 131(3), pages 693-714.
- Alexander Dyck & Karl V. Lins & Lukas Roth & Hannes F. Wagner, 2018. "Do Institutional Investors Drive Corporate Social Responsibility? International Evidence," BAFFI CAREFIN Working Papers 1873, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Faizul Haque & Collins G. Ntim, 2022. "Do corporate sustainability initiatives improve corporate carbon performance? Evidence from European firms," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3318-3334, November.
- Wang, Chunhua & Wu, JunJie & Zhang, Bing, 2018. "Environmental regulation, emissions and productivity: Evidence from Chinese COD-emitting manufacturers," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 54-73.
- Di, Danyang & Li, Guoxiang & Shen, Zhiyang & Song, Malin & Vardanyan, Michael, 2023.
"Environmental credit constraints and pollution reduction: Evidence from China's blacklisting system for environmental fraud,"
Ecological Economics, Elsevier, vol. 210(C).
- Danyang Di & Guoxiang Li & Zhiyang Shen & Malin Song & Michael Vardanyan, 2023. "Environmental credit constraints and pollution reduction: Evidence from China's blacklisting system for environmental fraud," Post-Print hal-04277540, HAL.
- Alam, Md Samsul & Safiullah, Md & Islam, Md Shahidul, 2022. "Cash-rich firms and carbon emissions," International Review of Financial Analysis, Elsevier, vol. 81(C).
- Ester Martínez‐Ros & Rasi Kunapatarawong, 2019. "Green innovation and knowledge: The role of size," Business Strategy and the Environment, Wiley Blackwell, vol. 28(6), pages 1045-1059, September.
- Xiangyu Chen & Peng Wan, 2020. "Social trust and corporate social responsibility: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 485-500, March.
- Qiping Xu & Taehyun Kim, 2022. "Financial Constraints and Corporate Environmental Policies," The Review of Financial Studies, Society for Financial Studies, vol. 35(2), pages 576-635.
- Zhou, Yankun & Tang, Taijie & Luo, Le, 2023. "Is corporate environmental investment a strategic risk management tool? Evidence from short selling threats," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
- Wang, Xiaozhen & Zou, Honghui, 2018. "Study on the effect of wind power industry policy types on the innovation performance of different ownership enterprises: Evidence from China," Energy Policy, Elsevier, vol. 122(C), pages 241-252.
- Ben Arfi, Wissal & Hikkerova, Lubica & Sahut, Jean-Michel, 2018. "External knowledge sources, green innovation and performance," Technological Forecasting and Social Change, Elsevier, vol. 129(C), pages 210-220.
- Sophie A Shive & Margaret M Forster & Jose Scheinkman, 2020. "Corporate Governance and Pollution Externalities of Public and Private Firms," The Review of Financial Studies, Society for Financial Studies, vol. 33(3), pages 1296-1330.
- Ming Jia & Li Tong & P. V. Viswanath & Zhe Zhang, 2016. "Word Power: The Impact of Negative Media Coverage on Disciplining Corporate Pollution," Journal of Business Ethics, Springer, vol. 138(3), pages 437-458, October.
- Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
- Clarkson, Peter M. & Li, Yue & Richardson, Gordon D. & Vasvari, Florin P., 2008. "Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis," Accounting, Organizations and Society, Elsevier, vol. 33(4-5), pages 303-327.
- Dong, Yan & Liu, Zhentao & Shen, Zhe & Sun, Qian, 2016. "Does State Ownership Really Matter in Determining Access to Bank Loans? Evidence from China's Partial Privatization," Pacific-Basin Finance Journal, Elsevier, vol. 40(PA), pages 73-85.
- Deqiu Chen & Li Li & Xuejiao Liu & Gerald J. Lobo, 2018. "Social Trust and Auditor Reporting Conservatism," Journal of Business Ethics, Springer, vol. 153(4), pages 1083-1108, December.
- Du, Wenjing & Fang, Guanfu & Gao, Tiantian & Jiang, Wei, 2023. "Public credit institutions, export activities, and global value chain participation: Evidence from China's credit demonstration city construction program," Economic Modelling, Elsevier, vol. 126(C).
- Dang, Tri Vi & Wang, Youan & Wang, Zigan, 2022. "The role of financial constraints in firm investment under pollution abatement regulation," Journal of Corporate Finance, Elsevier, vol. 76(C).
- Xia, Changyuan & Cao, Chunfang & Chan, Kam C., 2017. "Social trust environment and firm tax avoidance: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 374-392.
- Pei Xu & Penghao Ye & Atif Jahanger & Siwei Huang & Fan Zhao, 2023. "Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2623-2638, September.
- Amore, Mario Daniele & Bennedsen, Morten & Larsen, Birthe & Rosenbaum, Philip, 2019. "CEO education and corporate environmental footprint," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 254-273.
- Zhang, Wenyao & Zhang, Wei & Daim, Tugrul U, 2023. "The voluntary green behavior in green technology innovation: The dual effects of green human resource management system and leader green traits," Journal of Business Research, Elsevier, vol. 165(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hans B. Christensen & Luzi Hail & Christian Leuz, 2021.
"Mandatory CSR and sustainability reporting: economic analysis and literature review,"
Review of Accounting Studies, Springer, vol. 26(3), pages 1176-1248, September.
- Hans B. Christensen & Luzi Hail & Christian Leuz, 2019. "Mandatory CSR and Sustainability Reporting: Economic Analysis and Literature Review," NBER Working Papers 26169, National Bureau of Economic Research, Inc.
- Chen, Shiyi & Chen, Tao & Lou, Pingyi & Song, Hong & Wu, Chenyu, 2023. "Bank deregulation and corporate environmental performance," World Development, Elsevier, vol. 161(C).
- Ma, Defang & Wang, Mengkai & Zeng, Bo & Jiang, Hong, 2024. "Peer effects of firm environmental protection expenditures," Finance Research Letters, Elsevier, vol. 65(C).
- Shiyu Bo, 2021. "Environmental Regulations, Political Incentives and Local Economic Activities: Evidence from China," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(3), pages 812-835, June.
- Du, Lizhao & Wei, Mianjin & Zhang, Shaoxin & Pan, Junyu, 2023. "Unveiling the policy intervention effects of natural resource regulation on firm-level pollution emissions: Evidence from China's restrained land supply," Resources Policy, Elsevier, vol. 86(PA).
- Dongmin Kong & Mengxu Xiong & Ni Qin, 2023. "Tax incentives and firm pollution," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(3), pages 784-813, June.
- Zhu, Hui & Wagner, Eva, 2024. "Is corporate social responsibility a matter of trust? A cross-country investigation," International Review of Financial Analysis, Elsevier, vol. 93(C).
- Haichao Fan & Joshua S. Graff Zivin & Zonglai Kou & Xueyue Liu & Huanhuan Wang, 2019.
"Going Green in China: Firms’ Responses to Stricter Environmental Regulations,"
NBER Working Papers
26540, National Bureau of Economic Research, Inc.
- Fan, Haichao & Graff Zivin, Joshua & Kou, Zonglai & Liu, Xueyue & Wang, Huanhuan, 2019. "Going Green in China: Firms’ Responses to Stricter Environmental Regulations," University of California at San Diego, Economics Working Paper Series qt7tt8g4s3, Department of Economics, UC San Diego.
- Wang, Huanhuan & Xiong, Jiaxin, 2022. "Governance on water pollution: Evidence from a new river regulatory system of China," Economic Modelling, Elsevier, vol. 113(C).
- Zhang, Hua & Lai, Jie & Kang, Chenyi, 2024. "Green signalling under environmental pressure: Does local government environmental regulatory pressure promote corporate environmental information disclosure?," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 813-844.
- Bi, Ruigang & Kou, Zonglai & Zhao, Cheng & Zhong, Yiwen & Zhou, Min, 2024. "Information disclosure and pollution reduction: evidence from environmental NGO monitoring in China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1459-1473.
- Chen, Shiyi & Song, Hong & Wu, Chenyu, 2021. "Human capital investment and firms’ industrial emissions: Evidence and mechanism," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 162-184.
- Kong, Dongmin & Ma, Guangyuan & Qin, Ni, 2022. "The political economy of firm emissions: Evidence from a quasi-natural experiment in China," European Journal of Political Economy, Elsevier, vol. 75(C).
- Ping Guo & Jin Li & Jinsong Kuang & Yifei Zhu & Renrui Xiao & Donghao Duan & Baocong Huang, 2022. "Low-Carbon Governance, Fiscal Decentralization and Sulfur Dioxide Emissions: Evidence from a Quasi-Experiment with Chinese Heavy Pollution Enterprises," Sustainability, MDPI, vol. 14(6), pages 1-24, March.
- Dan Yu & Kewei Hu & Yugui Hao, 2023. "The Effect of Local Government Environmental Concern on Corporate Environmental Investment: Evidence from China," Sustainability, MDPI, vol. 15(15), pages 1-20, July.
- He, Zhenyu & Tang, Yuwei, 2023. "Local environmental constraints and firms’ export product quality: Evidence from China," Economic Modelling, Elsevier, vol. 124(C).
- Zhang, Ming-ang & Lu, Shuling & Zhang, Sihan & Bai, Yanfeng, 2023. "The unintended consequence of minimum wage hikes: Evidence based on firms' pollution emission," Energy Economics, Elsevier, vol. 125(C).
- Wang, Xiaolin & Ye, Yingying, 2024. "Environmental protection tax and firms’ ESG investment: Evidence from China," Economic Modelling, Elsevier, vol. 131(C).
- Du, Kerui & Liu, Xueyue & Zhao, Cheng, 2023. "Environmental regulation mitigates energy rebound effect," Energy Economics, Elsevier, vol. 125(C).
- Han, Chao & Li, Chongyu & Pei, Jiansuo & Wang, Chunhua, 2024. "Environmental regulation and intermediate imports: Firm-product-level evidence," Journal of Environmental Economics and Management, Elsevier, vol. 127(C).
More about this item
Keywords
Social credit; Corporate pollution; Environmental information disclosure; Technological progress; Financial constraints;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:96:y:2024:i:pb:s1057521924007063. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.