Can anti-corruption improve the quality of environmental information disclosure?
Can anti-corruption improve the quality of environmental information disclosure?
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DOI：
10.1007/s11356-021-15932-w
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发表时间：
2021-04
影响因子：
5.8
通讯作者：
Ye Wei;Wenjian He
中科院分区：
文献类型：
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作者：
Ye Wei;Wenjian He
本研究以十八大反腐运动作为外生影响，构建双差（DID）模型，证明反腐可以显着提高企业环境信息披露质量。经过平行趋势检验、安慰剂检验等一系列检验，结果依然稳健。中介效应模型结果表明，反腐败增加了企业的违法成本，鼓励企业开展创新活动，最终提高企业环境信息披露质量。异质性分析发现，非国有企业、大型企业、环境监管力度较大的地区会更大程度地提高企业环境信息披露质量。本文研究结果可为完善环境信息强制公开制度、加强环境法规执行提供政策启示。
This study takes the anti-corruption campaign of the 18th CPC National Congress in China as an exogenous impact build a double difference (DID) model, proving that anti-corruption can increase the quality of enterprise environmental information disclosure significantly. After a series of tests such as parallel trend test and placebo test, the results are still robust. The intermediary effect model results indicate that the anti-corruption increases the violation cost of enterprises and encourages enterprises to carry out innovation activities, and ultimately increase the quality of enterprise environmental information disclosure. Heterogeneity analysis finds that non-state-owned enterprises, large enterprises, and regions with more substantial environmental supervision will improve the quality of enterprise environmental information disclosure to a greater extent. The findings of this paper can help provide policy inspiration for improving the mandatory environmental information disclosure system and strengthening the enforcement of environmental regulations.