From Voluntarism to Regulation : A Study on Ownership, Economic Performance and Corporate Environmental Information Disclosure in China

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

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Detail(s)

Original languageEnglish
Pages (from-to)217-232
Journal / PublicationJournal of Business Ethics
Volume116
Issue number1
Publication statusPublished - Aug 2013

Abstract

This article examines whether economic performance could affect EID and how the relationship is determined by the form of ownership from voluntarism to regulation under the current Chinese context. In this study, our empirical results show that the relationship between firms' performance and EID is complex and the interactive impact of ownership and economic performance on EID significantly varies from voluntary disclosure to mandatory disclosure. This study provides a more comprehensive understanding of the motivations in corporate EID. The performance-impression theory can be used to explain the disclosure behaviors during the period of voluntary disclosure, while the pressure-legitimacy theory can be used during the period of mandatory disclosure. The finding suggests that when evaluating corporate EID associated with economic performance in emerging economies such as China, it needs to be cautious, as which tends to vary with the form of ownership and whether there is any mandatory regulation in place. © 2012 Springer Science+Business Media B.V.

Research Area(s)

  • Economic performance, Environmental information disclosure (EID), Ownership, Regulation, Voluntarism

Citation Format(s)