中国大气污染实时监测对企业社会责任的影响:空间差异分析

IF 7.4 2区 经济学 Q1 BUSINESS, FINANCE
Liang Ma , Mingjin Xia
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引用次数: 0

摘要

本文利用空间差中差(SDID)模型,从城市层面考察了空气污染实时监测(RAPM)政策对企业社会责任(CSR)的影响。我们的研究结果表明,虽然RAPM政策对实施RAPM的城市的平均企业社会责任得分没有显著影响,但它导致相邻未处理城市的企业社会责任得分显著下降。这表明,受治理城市的企业可能会通过改变供应链或将制造业迁至没有严格环境法规的地区来应对政策,从而在没有RAPM的城市中无意中促进了企业社会责任实践的恶化。这些结果突出了环境政策的空间溢出效应,并强调了考虑直接实施领域之外的潜在意外后果的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Effect of Chinese Real-time Air Pollution Monitoring on Corporate Social Responsibility: A Spatial Difference-in-difference Analysis
This paper investigates the impacts of the Real-time Air Pollution Monitoring (RAPM) policy on Corporate Social Responsibility (CSR) at the city level using spatial difference-in-difference (SDID) models. Our findings reveal that while the RAPM policy does not significantly impact the average CSR scores in cities under RAPM, it leads to a significant decline in CSR scores for neighboring untreated cities. This suggests that firms in treated cities may respond to the policy by altering their supply chains or relocating manufacturing to areas without stringent environmental regulations, inadvertently fostering CSR deteriorating practices in cities without RAPM. These results highlight the spatial spillover effects of environmental policies and underscore the importance of considering potential unintended consequences beyond the immediate areas of implementation.
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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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