Abstract Incorporating instrumental and political views of corporate social responsibility (CSR), this study examines the relationship between CSR financial performance in China's unique institutional context, which is featured by coexistence a strong government transitional market economy. Our results show that (a) positively affects performance, (b) state ownership weakens (c) industry competition strengthens for both state‐owned non‐state‐owned firms. This reveals that, although an view...

Abstract This study examines the sustainable development of Chinese firms in context government implementing environmental policies that support green initiatives, from a resource‐based perspective. Using sample listed most polluting industries during period 2001–2015, we find positive relationship between performance and economic performance. We also government‐controlled resources, including bank loans tax benefits, are mechanisms through which effects investments transformed into gains....

Abstract Having enterprises engaged in environmentally friendly behavior is an important part of reducing negative environmental impacts. This study makes a quantitative analysis against the backdrop China's transitional economic system. The results show that politically-connected significantly reduce expenditure, but this only holds for state-owned enterprises; private with political connections spend more. Analysis efficiency expenditure indicates that, enterprises, spending used as way to...

Purpose Against the background of enormous economic transition China is undertaking, government intervention over corporate behavior a frequent and, arguably, necessary measure. Among most serious problems facing China, economically and reputationally, are environmental issues. So, how intervening in performance Chinese enterprises? And enterprises responding? These questions to be answered this study. Design/methodology/approach This paper sampled listed companies on China’s Shanghai...

We use a sample of Chinese A-share listed companies from 2003 to 2013 explore the reputation damage and overflow effect academic independent directors who have received supervisory punishment. find that when violate information disclosure rules, market punishes more severely than nonacademic for these violations. Furthermore, employing punished face greater declines in their stock price during relatively short window before or after punishment is announced. The influences employment other...

This paper evaluates the real effects of environmental policy at firm level. Using promulgation “Green Credit Guidelines" and national poverty alleviation strategy as a quasi-natural experiment, we find that:1) Guidelines significantly inhibit scale maturity debt financing for polluting companies; 2) participation enterprises in efforts can effectively offset restraining influence Guidelines. Our results are robust parallel trend assumption propensity score matching estimation. Further, that...

Using a sample of Chinese A-share listed companies from 2002 to 2013, we investigate the motivation and consequences hiring non-local independent directors Beijing. The results indicate that: (1) that are headquartered far away Beijing, or located in poor institutional environments, more inclined hire Beijing for sake political resources; (2) not significantly higher ratio with full-time jobs retired government officials than do Beijing; (3) appointing helps enterprises refinance equity,...

Based on the characteristic of controlling persons, this paper studies whether persons with foreign residency rights will alleviate distrust stakeholders by engaging in corporate social responsibility. We find that compared without rights, take more By specific situational tests, we also when trust is needed, such as violation or lighter violation, responsibility; however, case serious due to weakening signaling effect responsibility, there no significant difference taking which reflects...

The coast is a zone where frequent mankind activities and frail ecology environment coexist. coastal erosion accretion caused by the interactions between sea land have great influence on development. problems concerned engineering are stability change trend of shoreline beach. In this paper, authors, through some case studies research achievements projects, further expound functions application prospects remote sensing in decision-making engineering, such as estuarine regulation,...