业务
中国
透视图(图形)
公司治理
面板数据
可持续发展
政府(语言学)
对偶(语法数字)
经验证据
实证研究
企业社会责任
产业组织
营销
公共关系
经济
财务
政治学
语言学
艺术
哲学
文学类
认识论
人工智能
计算机科学
法学
计量经济学
作者
Meilin Zhao,Xiaohong Wang,Shaopeng Zhang,Lei Cheng
摘要
Abstract Based on social contract theory, this study investigates the impact of business strategy on environmental information disclosure from an informal institutional perspective. Using empirical data from a panel of Chinese listed A‐share firms in Shanghai and Shenzhen from 2010 to 2020, we demonstrate that firms following prospector strategies have higher levels of environmental information disclosure compared to those following defender strategies. Our findings also reveal that Confucian culture positively moderates the relationship between business strategy and environmental information disclosure. Specifically, we find that when environmental uncertainty increases, the moderating effect of Confucian culture weakens, while effective legal supervision strengthens the positive moderating effect of Confucian culture. Additionally, our results show that business strategy affects environmental information disclosure through the dual channels of economic benefits contract and social recognition contract. Overall, this research provides valuable insights for corporate sustainable development and effective government environmental governance.
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