The Impact of Environmental Performance Rating and Disclosure : An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Environmental performance rating and
disclosure has emerged as a substitute or complement for
traditional pollution regulation, especially in developing
countries. Using data from China's Green Watch program,
this study extends previous research on performance rating
and disclosure by considering firms' perceptions of
public and market responses to their ratings. The results
suggest that the Green Watch has significantly increased
market and stakeholder pressures on managers to improve
their firms environmental performance. More specifically,
controlling for the characteristics of locations, firms, and
individual managers, the analysis finds that firms with
better ratings perceive positive impacts on market
competitiveness, overall market value, and relationships
with different stakeholders, while the firms with bad
ratings are more likely to perceive deterioration. Among
these factors, managers perceive a more active role for
markets than for stakeholder relations.
Palabras clave
ADOPTION OF PROPANE, AIR QUALITY, BETTER ENVIRONMENTAL PERFORMANCE, BRICK MAKERS, CAPITAL MARKETS, CLEAN TECHNOLOGY, CLEANER PRODUCTION, COD, COMPETITIVENESS, COMPLIANCE RECORD, COMPLIANCE STATUS, DOMESTIC MARKET, DRINKING WATER, EMISSIONS, EMISSIONS REPORTS, EMPLOYMENT, ENVIRONMENTAL ACCIDENT, ENVIRONMENTAL AGENCIES, ENVIRONMENTAL AUTHORITIES, ENVIRONMENTAL CONDITIONS, ENVIRONMENTAL CONTAMINATION, ENVIRONMENTAL ECONOMICS, ENVIRONMENTAL LAWS, ENVIRONMENTAL MANAGEMENT, ENVIRONMENTAL OUTCOMES, ENVIRONMENTAL PERFORMANCE, ENVIRONMENTAL PROBLEMS, ENVIRONMENTAL PROTECTION, ENVIRONMENTAL QUALITY, ENVIRONMENTAL RISKS, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FIRM SIZE, FIRMS, GAS, HAZARDOUS WASTE, HAZARDOUS WASTE SITES, INDUSTRIAL POLLUTION, INFORMAL REGULATION, INTERNATIONAL COMPETITIVENESS, INTERNATIONAL MARKET, INTERNATIONAL MARKETS, INVENTORIES, INVENTORY, JOINT VENTURE, MANUFACTURER, MANUFACTURING INDUSTRY, MARKET CONCENTRATION, MARKET FAILURES, MARKET SEGMENTATION, MARKET VALUE, NUCLEAR POWER, NUCLEAR RADIATION, POLLUTION, POLLUTION CONTROL, POLLUTION PROBLEMS, POLLUTION REGULATION, POWER PLANTS, REGULATORS, REGULATORY COMPLIANCE, REGULATORY ECONOMICS, REGULATORY INSTITUTIONS, REGULATORY INSTRUMENTS, REGULATORY STANDARDS, SUBSTITUTE, SULFUR DIOXIDE, SURFACE WATER, SUSPENDED SOLIDS, TEXTILE INDUSTRY, TOXIC EMISSIONS, TOXIC POLLUTERS, TOXIC WASTE, WASTE DISPOSAL, WASTE MANAGEMENT, WATER QUALITY