Does Entrepreneur Invest More in Environmental Protection When Joining the Communist Party? Evidence from Chinese Private Firms

Does Entrepreneur Invest More in Environmental Protection When Joining the Communist Party? Evidence from Chinese Private Firms
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企业家入党后是否会加大环保投入?

DOI:
10.1080/1540496x.2020.1848814
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发表时间:
2020-11
影响因子:
4
通讯作者:
徐细雄
徐细雄
中科院分区:
经济学4区
文献类型:
--
作者:
严由亮;徐细雄

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摘要本研究考察了与执政的共产党关系在企业环境投资中的作用。通过对中国民营企业的全国性调查,我们发现民营企业家的党籍身份对企业环境投资具有积极的影响,这表明党籍身份在政府和企业之间起到了沟通桥梁和目标协调者的作用,从而鼓励企业更多地参与到环境活动中来。此外,当企业位于法律监管更严格、腐败程度较低的地区、参与政府创建的商业协会、盈利能力表现更好时,这种效应更为突出。机制测试表明,有党籍的企业家会促进企业形成更紧密的政企互动,培养更好的社会责任感。我们的研究结果强调了企业家的政党地位是对环境负责的企业决策的重要驱动因素。
ABSTRACT This study examines the role of affiliation with the ruling Communist Party in corporate environmental investment. Using a nationwide survey of Chinese private firms, we find that the Party membership of private entrepreneurs has a positive effect on corporate environmental investment, which suggests that Party status severs as a communication bridge and goal coordinator between the government and firms, thus encouraging them to participate more in environmental activities. Furthermore, this effect is more prominent when firms are located in regions with stricter legal supervision and lower levels of corruption, involve in a government-created business association and have better performance in profitability. Mechanism tests show that entrepreneurs with Party membership will promote firms to form a closer government-firm interaction and develop a better sense of social responsibility. Our findings highlight the entrepreneur’s Party status as an important driver of environmentally responsible corporate decision-making.
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