The Impact of Climate Policy Uncertainty on the Quality of Firm Innovation: A Market Surveillance Perspective DOI
Da Wang, Hao Tian,

Haotian Zhu

et al.

Emerging Markets Finance and Trade, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 20

Published: April 21, 2025

Language: Английский

How GDP Manipulation by Local Government Affects Corporate Greenwashing in China DOI Open Access
Xueqin Hu,

Ziyang Yu,

Hong Jin Fan

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(8), P. 3540 - 3540

Published: April 15, 2025

Firms frequently face a tradeoff between the advantages of upholding sustainability and ESG performance expenses associated with participating in initiatives. This tension leads to an increase greenwashing practices, which ultimately undermines genuine efforts misleads stakeholders. Motivated by this trend, our study examines influence macro-level factor, specifically local city-level governments’ GDP manipulation, on extent firms’ greenwashing, highlighting how government behavior can distort sustainable business practices. Using data publicly traded Chinese manufacturing companies during period 2007–2019, we find positive significant relationship firms engage manipulation. Additional analysis reveals that financial constraints external monitoring are channels through governments greenwashing. In addition, finding association firm manipulation is more pronounced regions less developed marketization index, periods before China’s anti-corruption campaign, state-owned firms, at life cycle mature stage. Our addresses gap literature demonstrating economic interventions performance.

Language: Английский

Citations

0
Green public procurement, external pressures and enterprise green transition: Evidence from China DOI
Junling Gao, Fan Lü

Journal of Asian Economics, Journal Year: 2025, Volume and Issue: unknown, P. 101936 - 101936

Published: April 1, 2025

Language: Английский

Citations

0
Influencing pathways of mountain-waters project pilot policy on corporate ESG in China DOI Creative Commons

Zhu Hong-gen,

Jianjun Li, Limin Zhang

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: April 24, 2025

Introduction: Although considerable research has explored factors affecting corporate ESG performance and environmental policies, few studies integrate these dimensions to assess the Mountains-Waters Project pilot policy—an expansive ecological restoration initiative in China. This study aims examine policy's effects on within Yangtze River Economic Belt, a critical economic region Methods: To investigate of policy, we use panel data from 129 publicly listed companies across 76 districts (2009—2023). A multi-period difference-in-differences (DID) model is employed analyze impact policy performance. Results: The findings show that significantly enhances operate through three primary mechanisms: promoting green technologies, boosting media attention, strengthening government oversight practices. Furthermore, are more pronounced for high-tech non-state-owned enterprises, suggesting heterogeneous responses interventions. Discussion These results provide novel empirical evidence role policies advancing sustainability. They also offer valuable insights design implementation future especially regions with significant importance like Belt.

Language: Английский

Citations

0
China's green transformation under the dual incentives of economic growth and environmental protection DOI
Shujun Zhang, Da-Long Chen, Qifeng Zou

et al.

International Review of Financial Analysis, Journal Year: 2025, Volume and Issue: unknown, P. 104150 - 104150

Published: March 1, 2025

Language: Английский

Citations

0
The Impact of Climate Policy Uncertainty on the Quality of Firm Innovation: A Market Surveillance Perspective DOI
Da Wang, Hao Tian,

Haotian Zhu

et al.

Emerging Markets Finance and Trade, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 20

Published: April 21, 2025

Language: Английский

Citations

0