Journal article
Corporate governance and corporate environmental investments: Evidence from China
Energy & Environment, Vol.31(6), pp.923-942
2020
Abstract
Using a data set of Chinese listed companies over the period 2008 to 2015, this paper empirically examines whether corporate governance affects the environmental investment decisions. We find that the separation of controlling shareholder’s control right and cash flow right is negatively correlated to corporate environmental investment. Moreover, managerial ownership strengthens the abovementioned negative correlation, which is consistent with the controlling shareholder–manager collusion hypothesis. A further test suggests that internal control effectively weakens the controlling shareholder–manager collusion in their environmental investment decisions.
Details
- Title
- Corporate governance and corporate environmental investments: Evidence from China
- Authors/Creators
- Q. Li (Author/Creator)W. Ruan (Author/Creator)T. Sun (Author/Creator)E. Xiang (Author/Creator)
- Publication Details
- Energy & Environment, Vol.31(6), pp.923-942
- Publisher
- SAGE Publications
- Identifiers
- 991005541139507891
- Copyright
- © 2019 The Author(s)
- Murdoch Affiliation
- Former School of Business
- Language
- English
- Resource Type
- Journal article
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Source: InCites
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- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 6 Social Sciences
- 6.3 Management
- 6.3.385 Corporate Social Responsibility
- Web Of Science research areas
- Environmental Studies
- ESI research areas
- Social Sciences, general