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

  • X. Xu
  • S. Zeng

    ()

  • C. Tam
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    No abstract is available for this item.

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    File URL: http://hdl.handle.net/10.1007/s10551-011-1035-2
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    Article provided by Springer in its journal Journal of Business Ethics.

    Volume (Year): 107 (2012)
    Issue (Month): 2 (May)
    Pages: 227-237

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    Handle: RePEc:kap:jbuset:v:107:y:2012:i:2:p:227-237
    Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100281

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    1. Xiao-dong Xu & Xia Wang & Yi Jin, 2010. "Releasing of restricted shares, firm quality, and market trading activity," China Finance Review International, Emerald Group Publishing, vol. 1(1), pages 78-97, December.
    2. Marie-Aude Laguna & Gunther Capelle-Blancard, 2010. "How Does the Stock Market Respond to Chemical Disasters?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00637961, HAL.
    3. repec:ebl:ecbull:v:13:y:2006:i:6:p:1-4 is not listed on IDEAS
    4. 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.
    5. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert Vishny, 1999. "Investor Protection and Corporate Valuation," Harvard Institute of Economic Research Working Papers 1882, Harvard - Institute of Economic Research.
    6. 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.
    7. 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.
    8. Dasgupta, Susmita & Laplante, Benoit & Mamingi, Nlandu, 2001. "Pollution and Capital Markets in Developing Countries," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 310-335, November.
    9. Capelle-Blancard, Gunther & Laguna, Marie-Aude, 2010. "How does the stock market respond to chemical disasters?," Economics Papers from University Paris Dauphine 123456789/3187, Paris Dauphine University.
    10. Fumiko Takeda & Takanori Tomozawa, 2006. "An Empirical Study on Stock Price Responses to the Release of the Environmental Management Ranking in Japan," Economics Bulletin, AccessEcon, vol. 13(6), pages 1-4.
    11. 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.
    12. 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.
    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.
    14. A. Craig MacKinlay, 1997. "Event Studies in Economics and Finance," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 13-39, March.
    15. Irene Criado-Jiménez & Manuel Fernández-Chulián & Carlos Larrinage-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.
    16. 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.
    17. 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, 07.
    18. Karpoff, Jonathan M & Lott, John R, Jr & Wehrly, Eric W, 2005. "The Reputational Penalties for Environmental Violations: Empirical Evidence," Journal of Law and Economics, University of Chicago Press, vol. 48(2), pages 653-75, October.
    19. 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.
    20. repec:hal:journl:halshs-00637961 is not listed on IDEAS
    21. 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.
    22. Konar, Shameek & Cohen, Mark A., 1997. "Information As Regulation: The Effect of Community Right to Know Laws on Toxic Emissions," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 109-124, January.
    23. Aerts, Walter & Cormier, Denis & Magnan, Michel, 2008. "Corporate environmental disclosure, financial markets and the media: An international perspective," Ecological Economics, Elsevier, vol. 64(3), pages 643-659, January.
    24. Şükrü Özen & Fatma Küskü, 2009. "Corporate Environmental Citizenship Variation in Developing Countries: An Institutional Framework," Journal of Business Ethics, Springer, vol. 89(2), pages 297-313, October.
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