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Factors that Drive Chinese Listed Companies in Voluntary Disclosure of Environmental Information

Author

Listed:
  • S. Zeng

    ()

  • X. Xu
  • H. Yin
  • C. Tam

Abstract

Based on the institutional theory, this article attempts to examine two consecutive questions regarding the impact of various factors on corporate decision in environmental information disclosure (EID): (1) whether or not to disclose; and (2) the level of disclosure. The relevance of these factors is empirically tested using data collected from publicly listed manufacturing companies from 2006 to 2008 in China. Some interesting findings appear. We find that firms that are state-owned, those that operate in environmentally sensitive industries, those having more industrial peers engaged in EID, and those with better reputation are more likely to disclose environmental information. When it comes to the content of EID, variables that attempt to capture external institutional pressures exhibit either no or weak explanatory power. Only the variable of organizational image and reputation is demonstrated to have a significant impact on both the act and the content of EID. This study provides a snapshot of the dialogues between constituencies in the organizational field and EID development. Copyright Springer Science+Business Media B.V. 2012

Suggested Citation

  • S. Zeng & X. Xu & H. Yin & C. Tam, 2012. "Factors that Drive Chinese Listed Companies in Voluntary Disclosure of Environmental Information," Journal of Business Ethics, Springer, vol. 109(3), pages 309-321, September.
  • Handle: RePEc:kap:jbuset:v:109:y:2012:i:3:p:309-321
    DOI: 10.1007/s10551-011-1129-x
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    References listed on IDEAS

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    Cited by:

    1. Nahyun Kim & Jon J. Moon & Haitao Yin, 2016. "Environmental Pressure and the Performance of Foreign Firms in an Emerging Economy," Journal of Business Ethics, Springer, vol. 137(3), pages 475-490, September.
    2. repec:eee:spacre:v:21:y:2018:i:1:p:63-72 is not listed on IDEAS
    3. Xingqiang Du, 2015. "Is Corporate Philanthropy Used as Environmental Misconduct Dressing? Evidence from Chinese Family-Owned Firms," Journal of Business Ethics, Springer, vol. 129(2), pages 341-361, June.
    4. repec:gam:jsusta:v:10:y:2018:i:4:p:964-:d:138126 is not listed on IDEAS
    5. Douglas Cumming & Wenxuan Hou & Edward Lee, 2016. "Business Ethics and Finance in Greater China: Synthesis and Future Directions in Sustainability, CSR, and Fraud," Journal of Business Ethics, Springer, vol. 138(4), pages 601-626, November.
    6. repec:eee:crpeac:v:28:y:2015:i:c:p:30-48 is not listed on IDEAS
    7. repec:spr:rvmgts:v:11:y:2017:i:3:d:10.1007_s11846-016-0199-7 is not listed on IDEAS
    8. Roberto Fernández-Gago & Laura Cabeza-García & Mariano Nieto, 2016. "Corporate social responsibility, board of directors, and firm performance: an analysis of their relationships," Review of Managerial Science, Springer, vol. 10(1), pages 85-104, January.
    9. repec:gam:jsusta:v:9:y:2017:i:10:p:1756-:d:113552 is not listed on IDEAS
    10. repec:gam:jsusta:v:10:y:2018:i:3:p:582-:d:133355 is not listed on IDEAS
    11. Xingqiang Du & Wei Jian & Quan Zeng & Yingjie Du, 2014. "Corporate Environmental Responsibility in Polluting Industries: Does Religion Matter?," Journal of Business Ethics, Springer, vol. 124(3), pages 485-507, October.
    12. Jin, Dawei & Wang, Haizhi & Wang, Peng & Yin, Desheng, 2016. "Social trust and foreign ownership: Evidence from qualified foreign institutional investors in China," Journal of Financial Stability, Elsevier, vol. 23(C), pages 1-14.
    13. Jennifer Chen & Charles Cho & Dennis Patten, 2014. "Initiating Disclosure of Environmental Liability Information: An Empirical Analysis of Firm Choice," Journal of Business Ethics, Springer, vol. 125(4), pages 681-692, December.
    14. repec:kap:jbuset:v:143:y:2017:i:1:d:10.1007_s10551-015-2776-0 is not listed on IDEAS
    15. Roberto Fernández-Gago & Laura Cabeza-García & Mariano Nieto, 2016. "Corporate social responsibility, board of directors, and firm performance: an analysis of their relationships," Review of Managerial Science, Springer, vol. 10(1), pages 85-104, January.
    16. repec:col:000129:015551 is not listed on IDEAS
    17. X. H. Meng & S. X. Zeng & X. M. Xie & G. Y. Qi, 2016. "The impact of product market competition on corporate environmental responsibility," Asia Pacific Journal of Management, Springer, vol. 33(1), pages 267-291, March.
    18. repec:spr:rvmgts:v:12:y:2018:i:1:d:10.1007_s11846-016-0220-1 is not listed on IDEAS
    19. Xingqiang Du, 2015. "How the Market Values Greenwashing? Evidence from China," Journal of Business Ethics, Springer, vol. 128(3), pages 547-574, May.
    20. repec:eee:fambus:v:8:y:2017:i:2:p:109-122 is not listed on IDEAS
    21. repec:gam:jsusta:v:9:y:2017:i:12:p:2327-:d:122754 is not listed on IDEAS

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