The impact of mandatory CSR disclosure on green innovation: evidence from China
This paper examines how mandatory CSR information disclosure affects corporate green innovation. The analysis exploits China’s mandate in 2008 which requires firms to disclose CSR activities, and uses a difference-in-difference method to do the empirical analysis. The results reveal that the treat f...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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AIMS Press
2020-10-01
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| Series: | Green Finance |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/GF.2020017/fulltext.html |
| _version_ | 1818998182419365888 |
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| author | Min Hong Benjamin Drakeford Kexian Zhang |
| author_facet | Min Hong Benjamin Drakeford Kexian Zhang |
| author_sort | Min Hong |
| collection | DOAJ |
| description | This paper examines how mandatory CSR information disclosure affects corporate green innovation. The analysis exploits China’s mandate in 2008 which requires firms to disclose CSR activities, and uses a difference-in-difference method to do the empirical analysis. The results reveal that the treat firms exhibit an increase in green innovation subsequent to the mandate which supports Porter’s hypothesis with the positive role of environmental regulations. On average, after the policy implementation, the firms in the list generate 2.193–2.244 more green invention patents than those if not in the list. In addition, the impact of mandatory CSR disclosure is heterogeneous on different types of firms. Firms with large size, state-owned firms and firms in pollution-intensive industries are more likely to be affected by mandate, which suggests that these firms are more sensitive to the mandatory information disclosure. |
| first_indexed | 2024-12-20T21:57:28Z |
| format | Article |
| id | doaj.art-88ea36db8e3d46efa5ea03f7c195ddd3 |
| institution | Directory Open Access Journal |
| issn | 2643-1092 |
| language | English |
| last_indexed | 2024-12-20T21:57:28Z |
| publishDate | 2020-10-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Green Finance |
| spelling | doaj.art-88ea36db8e3d46efa5ea03f7c195ddd32022-12-21T19:25:25ZengAIMS PressGreen Finance2643-10922020-10-012330232210.3934/GF.2020017The impact of mandatory CSR disclosure on green innovation: evidence from ChinaMin Hong0Benjamin Drakeford1Kexian Zhang21 School of Economics and Management, Hunan Institute of Technology, Hengyang 421002, China2 Economics and Finance Subject Group, Portsmouth Business School, University of Portsmouth, Portsmouth PO1 3AH, UK1 School of Economics and Management, Hunan Institute of Technology, Hengyang 421002, ChinaThis paper examines how mandatory CSR information disclosure affects corporate green innovation. The analysis exploits China’s mandate in 2008 which requires firms to disclose CSR activities, and uses a difference-in-difference method to do the empirical analysis. The results reveal that the treat firms exhibit an increase in green innovation subsequent to the mandate which supports Porter’s hypothesis with the positive role of environmental regulations. On average, after the policy implementation, the firms in the list generate 2.193–2.244 more green invention patents than those if not in the list. In addition, the impact of mandatory CSR disclosure is heterogeneous on different types of firms. Firms with large size, state-owned firms and firms in pollution-intensive industries are more likely to be affected by mandate, which suggests that these firms are more sensitive to the mandatory information disclosure.https://www.aimspress.com/article/10.3934/GF.2020017/fulltext.htmlcorporate social responsibilitygreen innovationmandatory information disclosure |
| spellingShingle | Min Hong Benjamin Drakeford Kexian Zhang The impact of mandatory CSR disclosure on green innovation: evidence from China Green Finance corporate social responsibility green innovation mandatory information disclosure |
| title | The impact of mandatory CSR disclosure on green innovation: evidence from China |
| title_full | The impact of mandatory CSR disclosure on green innovation: evidence from China |
| title_fullStr | The impact of mandatory CSR disclosure on green innovation: evidence from China |
| title_full_unstemmed | The impact of mandatory CSR disclosure on green innovation: evidence from China |
| title_short | The impact of mandatory CSR disclosure on green innovation: evidence from China |
| title_sort | impact of mandatory csr disclosure on green innovation evidence from china |
| topic | corporate social responsibility green innovation mandatory information disclosure |
| url | https://www.aimspress.com/article/10.3934/GF.2020017/fulltext.html |
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