S. Ren
Understanding the impact of Mandatory CSR Disclosure on Green Innovation: Evidence from Chinese Listed Firms
Ren, S.; Huang, M.; Liu, D.; Yan, J.
Abstract
Drawing on the institutional view of legitimacy theory, we examine whether and under which conditions a policy tool, mandatory corporate social responsibility (CSR) reporting, enforced by constituents positively triggers firms to make substantive environmental responses. Using China’s 2008 CSR reporting policy as a quasi-natural experiment and the difference-in-differences (DID) estimation approach, the results reveal that after implementation of this policy, mandatory CSR reporting firms show substantially higher green innovation performance than non-CSR reporting firms. We further find that this effect is stronger for firms located in areas with high environmental enforcement intensity, for state-owned enterprises (SOEs), and for those with higher levels of media coverage. Moreover, we make a nuanced investigation on whether the media coverage is laden with a negative or positive tone, and find that both negative and positive coverage strengthen the relationship between mandatory CSR disclosure and green innovation.
Citation
Ren, S., Huang, M., Liu, D., & Yan, J. (2023). Understanding the impact of Mandatory CSR Disclosure on Green Innovation: Evidence from Chinese Listed Firms. British Journal of Management, 34(2), 576-594. https://doi.org/10.1111/1467-8551.12609
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 8, 2022 |
Publication Date | 2023-04 |
Deposit Date | Mar 14, 2022 |
Journal | British Journal of Management |
Print ISSN | 1045-3172 |
Electronic ISSN | 1467-8551 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 34 |
Issue | 2 |
Pages | 576-594 |
DOI | https://doi.org/10.1111/1467-8551.12609 |
Public URL | https://durham-repository.worktribe.com/output/1212294 |
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