The role of party embeddedness in environmental governance of Chinese firms: An institutional perspective

IF 10.5 1区管理学 Q1 BUSINESS

Journal of Business Research Pub Date : 2025-02-01 DOI:10.1016/j.jbusres.2024.115176

Jian Li , Yueru Zhao , Nengzhi Yao , Qiaozhe Guo , Lexin Zhao

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Abstract

Despite the importance of political forces in corporate environmental practices, whether party embeddedness, an important form of political governance, affects corporate environmental investment remains unclear. Drawing on institutional theory, this study explores the relationship between party embeddedness and corporate environmental investment and the moderating roles of three institutional pillars (legal development, media attention and firm polluting status). Utilizing panel data of 1,652 publicly listed firms in China from 2010 to 2022, our findings indicate that the embeddedness of the Chinese Communist Party (CCP) within firms has a positive impact on their environmental investment. Moreover, the positive effect is strengthened for firms in regions with advanced legal development and those in heavily polluting status. These findings contribute to a more comprehensive understanding of political forces in environmental governance and offer important implications for promoting sustainable business practices.

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来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.