Product market competition and carbon disclosure: Evidence from China
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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2022-01-01
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| Series: | Carbon Management |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/17583004.2022.2100830 |
| _version_ | 1797678369107607552 |
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| author | Xiying Luo Ruimin Zhang Jingjing Wang |
| author_facet | Xiying Luo Ruimin Zhang Jingjing Wang |
| author_sort | Xiying Luo |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-11T22:58:43Z |
| format | Article |
| id | doaj.art-861ef91791024164932ab225614188eb |
| institution | Directory Open Access Journal |
| issn | 1758-3004 1758-3012 |
| language | English |
| last_indexed | 2024-03-11T22:58:43Z |
| publishDate | 2022-01-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Carbon Management |
| spelling | doaj.art-861ef91791024164932ab225614188eb2023-09-21T15:09:07ZengTaylor & Francis GroupCarbon Management1758-30041758-30122022-01-0113137940010.1080/17583004.2022.21008302100830Product market competition and carbon disclosure: Evidence from ChinaXiying Luo0Ruimin Zhang1Jingjing Wang2School of Business, Hunan University of Science and TechnologySchool of Business, Hunan University of Science and TechnologyManagement School, University of LiverpoolBased 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.http://dx.doi.org/10.1080/17583004.2022.2100830product market competitioncarbon disclosureearnings pressureenvironmental legitimacy pressure |
| spellingShingle | Xiying Luo Ruimin Zhang Jingjing Wang Product market competition and carbon disclosure: Evidence from China Carbon Management product market competition carbon disclosure earnings pressure environmental legitimacy pressure |
| title | Product market competition and carbon disclosure: Evidence from China |
| title_full | Product market competition and carbon disclosure: Evidence from China |
| title_fullStr | Product market competition and carbon disclosure: Evidence from China |
| title_full_unstemmed | Product market competition and carbon disclosure: Evidence from China |
| title_short | Product market competition and carbon disclosure: Evidence from China |
| title_sort | product market competition and carbon disclosure evidence from china |
| topic | product market competition carbon disclosure earnings pressure environmental legitimacy pressure |
| url | http://dx.doi.org/10.1080/17583004.2022.2100830 |
| work_keys_str_mv | AT xiyingluo productmarketcompetitionandcarbondisclosureevidencefromchina AT ruiminzhang productmarketcompetitionandcarbondisclosureevidencefromchina AT jingjingwang productmarketcompetitionandcarbondisclosureevidencefromchina |