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Stock Market’s Reaction to Disclosure of Environmental Violations: Evidence from China

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  • X. Xu
  • S. Zeng
  • C. Tam

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  • X. Xu & S. Zeng & C. Tam, 2012. "Stock Market’s Reaction to Disclosure of Environmental Violations: Evidence from China," Journal of Business Ethics, Springer, vol. 107(2), pages 227-237, May.
    • Handle: RePEc:kap:jbuset:v:107:y:2012:i:2:p:227-237
    DOI: 10.1007/s10551-011-1035-2
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    References listed on IDEAS

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    1. Dasgupta, Susmita & Hong, Jong Ho & Laplante, Benoit & Mamingi, Nlandu, 2006. "Disclosure of environmental violations and stock market in the Republic of Korea," Ecological Economics, Elsevier, vol. 58(4), pages 759-777, July.
    2. repec:dau:papers:123456789/3187 is not listed on IDEAS
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    7. Jay Janney & Greg Dess & Victor Forlani, 2009. "Glass Houses? Market Reactions to Firms Joining the UN Global Compact," Journal of Business Ethics, Springer, vol. 90(3), pages 407-423, December.
    8. Denis Cormier & Michel Magnan & Barbara Van Velthoven, 2005. "Environmental disclosure quality in large German companies: Economic incentives, public pressures or institutional conditions?," European Accounting Review, Taylor & Francis Journals, vol. 14(1), pages 3-39.
    9. Esther Blanco & Javier Rey-Maquieira & Javier Lozano, 2009. "The Economic Impacts Of Voluntary Environmental Performance Of Firms: A Critical Review," Journal of Economic Surveys, Wiley Blackwell, vol. 23(3), pages 462-502, July.
    10. Mark Cohen & V. Santhakumar, 2007. "Information Disclosure as Environmental Regulation: A Theoretical Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 599-620, July.
    11. Lanoie, Paul & Laplante, Benoit & Roy, Maite, 1998. "Can capital markets create incentives for pollution control?," Ecological Economics, Elsevier, vol. 26(1), pages 31-41, July.
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    13. Fan, Joseph P. H. & Wong, T. J., 2002. "Corporate ownership structure and the informativeness of accounting earnings in East Asia," Journal of Accounting and Economics, Elsevier, vol. 33(3), pages 401-425, August.
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    15. Gupta, Shreekant & Goldar, Bishwanath, 2005. "Do stock markets penalize environment-unfriendly behaviour? Evidence from India," Ecological Economics, Elsevier, vol. 52(1), pages 81-95, January.
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    21. Capelle-Blancard, Gunther & Laguna, Marie-Aude, 2010. "How does the stock market respond to chemical disasters?," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 192-205, March.
    22. Yuriko Nakao & Akihiro Amano & Kanichiro Matsumura & Kiminori Genba & Makiko Nakano, 2007. "Relationship between environmental performance and financial performance: an empirical analysis of japanese corporations," Business Strategy and the Environment, Wiley Blackwell, vol. 16(2), pages 106-118, February.
    23. Patten, Dennis M. & Trompeter, Greg, 2003. "Corporate responses to political costs: an examination of the relation between environmental disclosure and earnings management," Journal of Accounting and Public Policy, Elsevier, vol. 22(1), pages 83-94.
    24. Dennis M. Patten, 2002. "Media exposure, public policy pressure, and environmental disclosure: an examination of the impact of tri data availability," Accounting Forum, Taylor & Francis Journals, vol. 26(2), pages 152-171, June.
    25. Irene Criado-Jiménez & Manuel Fernández-Chulián & Carlos Larrinaga-González & Francisco Husillos-Carqués, 2008. "Compliance with Mandatory Environmental Reporting in Financial Statements: The Case of Spain (2001–2003)," Journal of Business Ethics, Springer, vol. 79(3), pages 245-262, May.
    26. A. Craig MacKinlay, 1997. "Event Studies in Economics and Finance," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 13-39, March.
    27. Al-Tuwaijri, Sulaiman A. & Christensen, Theodore E. & Hughes, K. II, 2004. "The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach," Accounting, Organizations and Society, Elsevier, vol. 29(5-6), pages 447-471.
    28. Robert D. Klassen & Curtis P. McLaughlin, 1996. "The Impact of Environmental Management on Firm Performance," Management Science, INFORMS, vol. 42(8), pages 1199-1214, August.
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