{"title":"产品市场竞争与碳信息披露:来自中国的证据","authors":"Xiying Luo, Ruimin Zhang, Jingjing Wang","doi":"10.1080/17583004.2022.2100830","DOIUrl":null,"url":null,"abstract":"Abstract Based on a sample of Chinese publicly listed firms in eight high energy-consuming industries from 2015 to 2019, this study investigates the relationship between the intensity of product market competition and carbon disclosure and explores the moderating effect of earnings pressure and environmental legitimacy pressure on this relationship. Using content analysis to construct an integrated measure of corporate carbon disclosure, we find that the intensity of product market competition is negatively associated with carbon disclosure. The negative relationship between the intensity of product market competition and carbon disclosure is more pronounced among firms facing fewer earnings pressures and greater environmental legitimacy pressures. The additional tests also show that the effect of product market competition on carbon disclosure is more pronounced among state-owned firms and large firms. Our results are robust to various robustness tests. This study extends the literature on carbon disclosure and has important implications for different stakeholders to promote corporate climate-related disclosure in China.","PeriodicalId":48941,"journal":{"name":"Carbon Management","volume":"13 1","pages":"379 - 400"},"PeriodicalIF":2.8000,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Product market competition and carbon disclosure: Evidence from China\",\"authors\":\"Xiying Luo, Ruimin Zhang, Jingjing Wang\",\"doi\":\"10.1080/17583004.2022.2100830\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract Based on a sample of Chinese publicly listed firms in eight high energy-consuming industries from 2015 to 2019, this study investigates the relationship between the intensity of product market competition and carbon disclosure and explores the moderating effect of earnings pressure and environmental legitimacy pressure on this relationship. Using content analysis to construct an integrated measure of corporate carbon disclosure, we find that the intensity of product market competition is negatively associated with carbon disclosure. The negative relationship between the intensity of product market competition and carbon disclosure is more pronounced among firms facing fewer earnings pressures and greater environmental legitimacy pressures. The additional tests also show that the effect of product market competition on carbon disclosure is more pronounced among state-owned firms and large firms. Our results are robust to various robustness tests. This study extends the literature on carbon disclosure and has important implications for different stakeholders to promote corporate climate-related disclosure in China.\",\"PeriodicalId\":48941,\"journal\":{\"name\":\"Carbon Management\",\"volume\":\"13 1\",\"pages\":\"379 - 400\"},\"PeriodicalIF\":2.8000,\"publicationDate\":\"2022-01-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Carbon Management\",\"FirstCategoryId\":\"93\",\"ListUrlMain\":\"https://doi.org/10.1080/17583004.2022.2100830\",\"RegionNum\":4,\"RegionCategory\":\"环境科学与生态学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ENVIRONMENTAL SCIENCES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Carbon Management","FirstCategoryId":"93","ListUrlMain":"https://doi.org/10.1080/17583004.2022.2100830","RegionNum":4,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
Product market competition and carbon disclosure: Evidence from China
Abstract Based on a sample of Chinese publicly listed firms in eight high energy-consuming industries from 2015 to 2019, this study investigates the relationship between the intensity of product market competition and carbon disclosure and explores the moderating effect of earnings pressure and environmental legitimacy pressure on this relationship. Using content analysis to construct an integrated measure of corporate carbon disclosure, we find that the intensity of product market competition is negatively associated with carbon disclosure. The negative relationship between the intensity of product market competition and carbon disclosure is more pronounced among firms facing fewer earnings pressures and greater environmental legitimacy pressures. The additional tests also show that the effect of product market competition on carbon disclosure is more pronounced among state-owned firms and large firms. Our results are robust to various robustness tests. This study extends the literature on carbon disclosure and has important implications for different stakeholders to promote corporate climate-related disclosure in China.
期刊介绍:
Carbon Management is a scholarly peer-reviewed forum for insights from the diverse array of disciplines that enhance our understanding of carbon dioxide and other GHG interactions – from biology, ecology, chemistry and engineering to law, policy, economics and sociology.
The core aim of Carbon Management is it to examine the options and mechanisms for mitigating the causes and impacts of climate change, which includes mechanisms for reducing emissions and enhancing the removal of GHGs from the atmosphere, as well as metrics used to measure performance of options and mechanisms resulting from international treaties, domestic policies, local regulations, environmental markets, technologies, industrial efforts and consumer choices.
One key aim of the journal is to catalyse intellectual debate in an inclusive and scientific manner on the practical work of policy implementation related to the long-term effort of managing our global GHG emissions and impacts. Decisions made in the near future will have profound impacts on the global climate and biosphere. Carbon Management delivers research findings in an accessible format to inform decisions in the fields of research, education, management and environmental policy.