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To pollute or not to pollute: Political connections and corporate environmental performance

Citations

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Cited by:

  1. Zhao, Pu & Wang, Haoyu & Liu, Zhenyu & Yu, Zile, 2025. "Voluntary environmental regulation policies and the cost of equity capital: Evidence from China's “Green Factory” policy," Research in International Business and Finance, Elsevier, vol. 79(C).
  2. Jiemiao Dong & Zhuangxiong Yu & Xunpeng Shi & Yang Yang, 2024. "Industrial Policy, Product Switching, and Export Performance," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 32(1), pages 167-196, January.
  3. Ming, Yaxin & Li, Yubo & Liu, Nian & Li, Jing, 2023. "Retail investor attention and corporate environmental performance: Evidence from china," Finance Research Letters, Elsevier, vol. 56(C).
  4. Fang, Mingyue & Nie, Huihua & Shen, Xinyi, 2023. "Can enterprise digitization improve ESG performance?," Economic Modelling, Elsevier, vol. 118(C).
  5. Yan Yang & Jinyu Chen, 2025. "Underperformance feedback and corporate environmental responsibility: coevolution with institutions," Asia Pacific Journal of Management, Springer, vol. 42(4), pages 2201-2224, December.
  6. Zhang, Hua & Lai, Jie & Guo, Zheng, 2025. "When greenwashing meets ESG: Exploring the role of third-party ESG ratings in corporate greenwashing behavior," Journal of Business Research, Elsevier, vol. 200(C).
  7. Yin, Doudou & Si, Deng-Kui & Wang, Yun, 2024. "How does corporate investment respond to trade policy uncertainty in China? The role of political connections," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1429-1445.
  8. Zhongju Liao & Mengnan Zhang & Jie Chen, 2025. "How Does Government Supervision Affect Firms' Environmental Innovation? The Role of Attention Allocation and Political Connections," Business Strategy and the Environment, Wiley Blackwell, vol. 34(8), pages 10844-10855, December.
  9. Zhang, Hua & Lai, Jie, 2024. "Greening through ESG: Do ESG ratings improve corporate environmental performance in China?," International Review of Economics & Finance, Elsevier, vol. 96(PC).
  10. Justin Deng & Jun Guo & Jung Yeun Kim & Sungsoo Kim, 2026. "Navigating environmental concerns: the appointment of political directors," Review of Quantitative Finance and Accounting, Springer, vol. 66(3), pages 1161-1180, April.
  11. Zhang, Rongwu & Fu, Wenqiang, 2023. "Multiple large shareholders and corporate environmental performance," Finance Research Letters, Elsevier, vol. 51(C).
  12. Yue, Shuai & Anderson, Hamish D. & Liao, Jing, 2025. "Who does not advance loses ground: Green investment as a strategic response by small and medium-sized enterprises to economic policy uncertainty," Energy Economics, Elsevier, vol. 148(C).
  13. Tang, Pengcheng & Jiang, Qisheng & Wang, Chao, 2024. "Beyond environmental actions: How environmental regulations stimulate strategic-political CSR engagement in China?," Energy Economics, Elsevier, vol. 129(C).
  14. Nguyen, Hieu Quang, 2023. "Corruption, political connection, and firm investments," International Review of Financial Analysis, Elsevier, vol. 90(C).
  15. Artunç, Cihan & Saleh, Mohamed, 2026. "Connected national capital: Corporations in colonial and independent Egypt," Journal of Development Economics, Elsevier, vol. 180(C).
  16. Sahrian Aditya Rahmatulloh & Nadia Anridho & Sri Ningsih & Khairul Anuar Kamarudin, 2025. "Do Politically Connected Firms Perform Better in Carbon Emission Performance? Evidence From Indonesian Firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(4), pages 4358-4371, July.
  17. Basha, Shabeen Afsar & Benkraiem, Ramzi & Ben-Nasr, Hamdi & Masum, Abdullah-Al, 2025. "Does political risk exacerbate climate risk? Firm-level evidence," International Review of Financial Analysis, Elsevier, vol. 104(PA).
  18. Jinyu Chen & Dandan Zhu & Shijie Ding & Jingxiao Qu, 2024. "Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 1920-1936, March.
  19. Wei, Xiaoyu & Peng, Zixiao, 2025. "Clan culture and corporate environmental performance: Evidence from China," Energy Economics, Elsevier, vol. 141(C).
  20. Li, Houjian & Tang, Mengqian & Cao, Andi & Guo, Lili, 2024. "How to reduce firm pollution discharges: Does political leaders' gender matter?," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
  21. Luo, Zijun & Liu, Yue & Xu, Weidong, 2025. "Carbon emission trading scheme and green investor entry: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
  22. Jinyu Chen & Xinyu Guo & Yuan Geng & Ran Liu, 2025. "Climate risk and trade credit financing: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 2514-2535, July.
  23. Li, Qian & Wang, Zhouyuanye, 2025. "ENGO geographical proximity and corporate environmental performance," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 576-589.
  24. Delin Meng & Yanxi Li & Lan Wang, 2024. "Seeking legitimacy? “Ownerless” companies and environmental performance," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 27375-27408, November.
  25. Bo Zhang & Yi Li, 2025. "Research on the Impact of Green Policies on the Transformation of Manufacturing Enterprises from the Perspective of Central-Local Collaboration," Sustainability, MDPI, vol. 17(11), pages 1-38, June.
  26. Li, Chen & Liu, Zhao & Song, Rong & Zhang, Yue-Jun, 2024. "The impact of green credit guidelines on environmental performance: Firm-level evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
  27. Zhang, Yufei & Ye, Guanhong, 2025. "Judicial independence and corporate ESG performance," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 1789-1818.
  28. Gao, Xing & Lai, Xinjie & Tang, Xuan & Li, Yue, 2024. "Does environmental regulation affect corporate environmental awareness? A quasi-natural experiment based on low-carbon city pilot policy," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1164-1184.
  29. Zhang, Ni & Han, Hongjun, 2025. "The new environmental protection law, political connections and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 102(C).
  30. Xuan Wang & Wei Sun, 2024. "Aspiration performance gap, second generation involvement in management, and family Firms' environmental responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8508-8525, December.
  31. Xiang Zhang & Xuhui Long & Zongyi Zhang & Chenyang Yu & Rong Huang, 2023. "Assessing the Impact of a Regional Integration Policy on Corporate Environmental Performance: Micro-Evidence from Chinese Industrial Firms," Sustainability, MDPI, vol. 15(16), pages 1-17, August.
  32. Xie Qiaoxin & Wu Chan Jun & Yu Zhang, 2025. "The bright side of local CEO on environmental investment: evidence from China," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 29(4), pages 1115-1147, December.
  33. Liu, Xutang & Boubaker, Sabri & Liao, Jing & Yao, Shouyu, 2025. "The rise of common state ownership and corporate environmental performance," The British Accounting Review, Elsevier, vol. 57(5).
  34. Jiaxin Wang & Jingyi Zhuang & Chao Yan & Kam C. Chan, 2025. "Standing Up or Standing By: Abnormally Hot Temperatures and Corporate Environmental Engagement," Journal of Business Ethics, Springer, vol. 196(1), pages 93-127, January.
  35. Budi Wahyono, 2023. "Do political connections affect the environmental performance of Sharia-compliant and non-Sharia-compliant firms? Evidence from Indonesia's PROPER program," Economics Bulletin, AccessEcon, vol. 43(4), pages 1771-1779.
  36. Mbanyele, William & Liu, Ying & Qu, Xinwei & Huang, Hongyun, 2025. "How does green industrial policy influence institutional investor ownership? Evidence from a quasi-natural experiment," Global Finance Journal, Elsevier, vol. 68(C).
  37. Hisky Ryan Kawulur & Erwin Saraswati & Abdul Ghofar & Arum Prastiwi, 2024. "Carbon Strategy, Political Connection and Carbon Performance: Evidence from Polluting Industries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 251-264, July.
  38. Wang, Zongrun & Fu, Haiqin & Ren, Xiaohang, 2023. "Political connections and corporate carbon emission: New evidence from Chinese industrial firms," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
  39. Marie, Mohamed & Qi, Baolei & Elgammal, Mohammed & Elnahass, Marwa, 2024. "A more sustainable future: Can politically connected CEOs spur the nexus between ESG performance and firm financial performance?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 96(C).
  40. Zhou, Peng & Huang, Xiaoqi & Song, Frank M., 2024. "The deterrent effect of environmental judicature on firms' pollution emissions: Evidence from a quasi-natural experiment in China," China Economic Review, Elsevier, vol. 88(C).
  41. Fengzuo Li & Pengjie Na & Salman Mahmood & Xiaolan Wang & Tanveer Ahmed, 2025. "State Ownership and the Sustainable Development of Private Enterprises: Exploring the Role of State Ownership Participation," SAGE Open, , vol. 15(1), pages 21582440251, February.
  42. Liu, Xin & Xu, Hui, 2025. "Going green with digital media attention: Evidence from Chinese A-share listed companies’ environmental performance," Research in International Business and Finance, Elsevier, vol. 73(PA).
  43. Teti, Emanuele & Etro, Leonardo L. & Pausini, Lorenzo, 2024. "Does greenwashing affect Company's stock Price? Evidence from Europe," International Review of Financial Analysis, Elsevier, vol. 93(C).
  44. Essaddam, Naceur & Mrad, Fatma & Sassi, Syrine, 2026. "The green side of corporate culture," International Review of Economics & Finance, Elsevier, vol. 105(C).
  45. Fan, Xiamin & Wu, Yuhui & Zhou, Yucheng & Wu, Shinong, 2025. "How does artificial intelligence shock affect labor income distribution? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
  46. Florackis, Chris & Fu, Xi & Wang, Jingjing, 2023. "Political connections, environmental violations and punishment: Evidence from heavily polluting firms," International Review of Financial Analysis, Elsevier, vol. 88(C).
  47. Yanmin Shao & Kunliang Xu, 2025. "Be cautious or win in danger? Firms’ economic policy uncertainty perception and green technology innovation," Asia Pacific Journal of Management, Springer, vol. 42(3), pages 1163-1195, September.
  48. Lingli Qing & Abd Alwahed Dagestani & Eun‐Young Nam & Chengqi Wang, 2024. "Does firm‐level exposure to climate change influence inward foreign direct investment? Revealing the moderating role of ESG performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 6167-6183, November.
  49. Yuan Qiu & Di Zhou, 2024. "De‐politicization and corporate social responsibility: Empirical evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3668-3684, July.
  50. Lei Zheng & Akira Omori & Jin Cao & Xuemeng Guo, 2023. "Environmental Regulation and Corporate Environmental Performance: Evidence from Chinese Carbon Emission Trading Pilot," Sustainability, MDPI, vol. 15(11), pages 1-18, May.
  51. Lu, Shuling & Yang, Qijing, 2024. "Price of going green: The employment effects of the environmental protection tax in China," China Economic Review, Elsevier, vol. 87(C).
  52. Zhang, Rongwu & Fu, Wenqiang & Lu, Tong, 2023. "Capital market opening and corporate environmental performance: Empirical evidence from China," Finance Research Letters, Elsevier, vol. 53(C).
  53. Li, Shengnan & Zheng, Xinya & Liao, Jing & Niu, Jianbo, 2024. "Low-carbon city pilot policy and corporate environmental performance: Evidence from a quasi-natural experiment," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1248-1266.
  54. Ruiqian Li & Ma Zhong & Yasir Shahab, 2025. "Can penalties for environmental violations deter firms from engaging in greenwashing?," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 34(1), pages 189-214, January.
  55. Kazi Abul Bashar Muhammad Afzal Hossain & Mahmoud Elmarzouky & George Giannopoulos, 2026. "Environmental Performance Drivers: A Political Cost Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 35(3), pages 4102-4147, March.
  56. Hamdi, Badreddine, 2024. "Political connections of independent directors and earnings quality: The case of French firms," Economics Letters, Elsevier, vol. 244(C).
  57. Chen, Yuanyuan & Jiang, Ellen Jin & Mo, Phyllis Lai Lan, 2025. "Does a founder’s cultural imprint affect corporate ESG performance?," Research in International Business and Finance, Elsevier, vol. 76(C).
  58. Zhang, Cheng & Yu, JiaQi & Bai, Yiyi & Ho, Kung-Cheng, 2024. "The impact of CEO's green experience on digital transformation," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
  59. Sun, Yangyang & Yang, Yue, 2024. "Do government environmental target constraints break the political resource curse? --A study on political connections and firm green innovation," International Review of Economics & Finance, Elsevier, vol. 96(PA).
  60. Zhang, Zhenbo & Xing, Junyi & Wang, Anbang & Meng, Xiaohua, 2023. "New officials, fresh outlooks on policy uncertainty: Leadership turnover in environmental protection bureaus and additional corporate environmental reporting," Ecological Economics, Elsevier, vol. 214(C).
  61. Hu, Yiwen & Shao, Yanmin, 2025. "How do political connections affect corporate social responsibility? A quasi-natural experiment," Finance Research Letters, Elsevier, vol. 84(C).
  62. Qian, Xianhang & Qiu, Shanyun & Yang, Xue, 2024. "Extreme weather exposure and corporate carbon emissions management: Evidence from forty countries," Journal of Multinational Financial Management, Elsevier, vol. 75(C).
  63. Wei, Xiahai & Jiang, Feng & Chen, Yu & Hua, Wenhui, 2024. "Towards green development: The role of intelligent manufacturing in promoting corporate environmental performance," Energy Economics, Elsevier, vol. 131(C).
  64. Jiang, Fuxiu & Kim, Kenneth A., 2024. "Understanding corporate governance in China," The British Accounting Review, Elsevier, vol. 56(5).
  65. Yucai Hu & Shaorui Du & Yukun Wang & Xinya Yang, 2023. "How Does Green Insurance Affect Green Innovation? Evidence from China," Sustainability, MDPI, vol. 15(16), pages 1-15, August.
  66. Tianle Yang & Zhennan Sun & Min Du & Qunyang Du & Lei Li & Fatima Shuwaikh, 2025. "The impact of the degree of coupling coordination between green finance and environmental regulations on firms’ innovation performance: evidence from China," Annals of Operations Research, Springer, vol. 347(1), pages 173-195, April.
  67. Chu, Pengfei & Hou, Xiaojuan & Xie, Guanxia, 2025. "Political connections and bias in ESG news," Journal of Asian Economics, Elsevier, vol. 97(C).
  68. Li, Ruiqian & Wu, Haiyun & Zhong, Ma & Lan, Hao, 2024. "Strategic tone management in ESG reports and ESG risk," International Review of Financial Analysis, Elsevier, vol. 96(PA).
  69. Chen, Zhe & Lu, Zhuocheng & Liao, Kaicheng, 2025. "Rowing or crowding? The nonlinear effects of State-owned capital participation on ESG performance in private enterprises," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 790-810.
  70. Xu, Yanhui & Jin, Yangyang & Deng, Fuhua & Feng, Qianbin, 2025. "Disruption of customers' political connections and suppliers' ESG performance: Evidence from China," Finance Research Letters, Elsevier, vol. 86(PF).
  71. Ma, Shenglin & Benkraiem, Ramzi & Abedin, Mohammad Zoynul & Zeng, Hongjun, 2025. "Climate anomalies and corporate environmental governance: Empirical evidence from ENSO events," Finance Research Letters, Elsevier, vol. 85(PB).
  72. Chen, Yinghui & Tong, Ying & Zhou, Can, 2024. "Non-mandatory approaches to corporate environmental engagement: Insights from the Belt and Road Initiative," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1287-1301.
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