Political connection and water pollution: New evidence from Chinese listed firms

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Rui Xie , Jiahuan Zhang , Chuan Tang
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引用次数: 0

Abstract

We analyze the data of 689 Chinese listed firms between 1999 and 2010 to study the relationship between firms’ political connections and their pollution emissions. We find that, ceteris paribus, a polluting firm with politically connected top managers discharges about 25% more chemical oxygen demand (COD) per 10,000 RMB (about 1,500 USD) worth of total output. The impact of political connections on COD emissions gradually fades out with the departure of politically connected top managers. However, political connections do not affect firms’ emissions of unregulated water pollutants or air pollutants that receive high levels of public attention. In addition, we find evidence that polluting firms may leave wastewater treatment units idle, which lessens treatment costs and thus raises pollution emissions. The findings of this study would help advance discussion about managing water pollution and designing effective environmental regulations under a command-and-control policy schema in developing countries.

政治关系与水污染:来自中国上市公司的新证据
我们分析了1999年至2010年间689家中国上市公司的数据,以研究企业的政治关系与其污染排放之间的关系。我们发现,在同等条件下,一家拥有政治关系的高层管理人员的污染企业每10000元人民币(约1500美元)的总产量排放的化学需氧量增加约25%。政治关系对COD排放的影响随着有政治关系的高层管理人员的离职而逐渐消失。然而,政治关系不会影响企业排放不受监管的水污染物或受到公众高度关注的空气污染物。此外,我们发现有证据表明,污染企业可能会闲置废水处理装置,从而降低处理成本,从而增加污染排放。这项研究的结果将有助于推进发展中国家在指挥和控制政策框架下管理水污染和制定有效的环境法规的讨论。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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