{"title":"非正式董事会等级制度对企业环境投资的影响研究","authors":"Yudi Zhao, Chunxiao Tian","doi":"10.61935/aedmr.2.1.2024.p158","DOIUrl":null,"url":null,"abstract":"Using a sample of non-financial firms listed in Shanghai and Shenzhen A-shares from 2014-2021, this paper examines the impact of board informal hierarchy on environmental investment and explores the moderating effect of media attention on the relationship between the two. The regression results show that board informal hierarchy is significantly and positively related to firms' environmental investment, and the relationship between board informal hierarchy and firms' environmental investment will be facilitated when firms receive more media coverage.","PeriodicalId":502155,"journal":{"name":"Advances in Economic Development and Management Research","volume":" 22","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A Study of the Impact of Informal Board Hierarchy on Corporate Environmental Investments\",\"authors\":\"Yudi Zhao, Chunxiao Tian\",\"doi\":\"10.61935/aedmr.2.1.2024.p158\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Using a sample of non-financial firms listed in Shanghai and Shenzhen A-shares from 2014-2021, this paper examines the impact of board informal hierarchy on environmental investment and explores the moderating effect of media attention on the relationship between the two. The regression results show that board informal hierarchy is significantly and positively related to firms' environmental investment, and the relationship between board informal hierarchy and firms' environmental investment will be facilitated when firms receive more media coverage.\",\"PeriodicalId\":502155,\"journal\":{\"name\":\"Advances in Economic Development and Management Research\",\"volume\":\" 22\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-04-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Advances in Economic Development and Management Research\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.61935/aedmr.2.1.2024.p158\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Advances in Economic Development and Management Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.61935/aedmr.2.1.2024.p158","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
摘要
本文以 2014-2021 年沪深 A 股非金融类上市公司为样本,研究了董事会非正式层级对环境投资的影响,并探讨了媒体关注度对二者关系的调节作用。回归结果表明,董事会非正式层级与企业环境投资显著正相关,当企业获得更多媒体报道时,董事会非正式层级与企业环境投资之间的关系将得到促进。
A Study of the Impact of Informal Board Hierarchy on Corporate Environmental Investments
Using a sample of non-financial firms listed in Shanghai and Shenzhen A-shares from 2014-2021, this paper examines the impact of board informal hierarchy on environmental investment and explores the moderating effect of media attention on the relationship between the two. The regression results show that board informal hierarchy is significantly and positively related to firms' environmental investment, and the relationship between board informal hierarchy and firms' environmental investment will be facilitated when firms receive more media coverage.