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Information accessibility and corporate environmental protection investments: Evidence from a quasi-natural experiment

Author

Listed:
  • Du, Ying
  • Cui, Xiaoyu
  • Qi, Baolei

Abstract

This study investigates the impact of information accessibility on corporate environmental protection investments. Exploiting the staggered inclusion of pilot cities under the Broadband China strategy as a positive shock to information accessibility, we find that this policy results in more environmental protection investments of firms located in pilot cities. Furthermore, enhancing environmental protection awareness and green knowledge accumulation are the underlying mechanisms. We also find that the positive association is more pronounced in state-owned firms, firms with more female executives, and firms with less foreign experience executives. Overall, our study sheds light on the environmental implications of information accessibility.

Suggested Citation

  • Du, Ying & Cui, Xiaoyu & Qi, Baolei, 2024. "Information accessibility and corporate environmental protection investments: Evidence from a quasi-natural experiment," Finance Research Letters, Elsevier, vol. 69(PA).
    • Handle: RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324011760
    DOI: 10.1016/j.frl.2024.106147
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    More about this item

    Keywords

    Information accessibility; Environmental protection investment; Environmental protection awareness; Green knowledge accumulation; Broadband China strategy;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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