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Does Media Attention Affect Firms’ Environmental Protection Efforts? Evidence From China

Author

Listed:
  • GAOWEN KONG

    (School of Economics and Statistics, Guangzhou University, Guangzhou 510006, China)

  • DONGMIN KONG

    (#x2020;School of Economics, Huazhong University of Science and Technology, China)

  • MAOBIN WANG

    (#x2021;School of Banking and Finance, University of International Business and Economics, Beijing 100029, China)

Abstract

Using data from publicly traded firms in China, we examine the relationship between media attention and firms’ environmental protection efforts. We show that: (1) media attention induces firms to exert more effort in environmental protection, (2) state-owned firms are more responsive to media attention than non-state-owned firms regarding environmental protection and (3) firms are more responsive when faced with local media attention and negative media reports. The results are robust to the subsample of heavily polluting industries. Overall, this study illustrates the use of media attention to regulate corporate behavior.

Suggested Citation

  • Gaowen Kong & Dongmin Kong & Maobin Wang, 2020. "Does Media Attention Affect Firms’ Environmental Protection Efforts? Evidence From China," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 65(03), pages 577-600, June.
    • Handle: RePEc:wsi:serxxx:v:65:y:2020:i:03:n:s021759081741003x
    DOI: 10.1142/S021759081741003X
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    Citations

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    Cited by:

    1. Li, Dong & Han, Yushu, 2023. "Media attention and large shareholders' embezzlement behavior," Finance Research Letters, Elsevier, vol. 57(C).
    2. Fengyan Wang & Ziyuan Sun & Hua Feng, 2022. "Can Media Attention Promote Green Innovation of Chinese Enterprises? Regulatory Effect of Environmental Regulation and Green Finance," Sustainability, MDPI, vol. 14(17), pages 1-25, September.
    3. Luo, Chunhua & Wei, Dianlong & He, Feng, 2023. "Corporate ESG performance and trade credit financing – Evidence from China," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 337-351.
    4. Fangyu Gu & Yu Xie, 2022. "The differential impacts of coercive pressure from environmental law and proactive environmental strategy on corporate environmental performance: The case study of a pulp and paper company," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1909-1925, September.

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