Corporate Competing Culture and Environmental Investment
Using Chinese listed companies as research setting, this paper constructs a measure of corporate competing culture through textual analysis on firms’ management discussion and analysis (MD&A) disclosures, and examines the impact of corporate competing culture on environmental investment. The...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-01-01
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| Series: | Frontiers in Psychology |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2021.774173/full |
| _version_ | 1818744739615211520 |
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| author | Jinfang Tian Wei Cao Qian Cheng Yikun Huang Shiyang Hu |
| author_facet | Jinfang Tian Wei Cao Qian Cheng Yikun Huang Shiyang Hu |
| author_sort | Jinfang Tian |
| collection | DOAJ |
| description | Using Chinese listed companies as research setting, this paper constructs a measure of corporate competing culture through textual analysis on firms’ management discussion and analysis (MD&A) disclosures, and examines the impact of corporate competing culture on environmental investment. The results show that competing culture has a significant and positive impact on firms’ environmental investment, and the results remain robust to a battery of robustness tests. Moreover, the mediating analysis indicates that competing culture promotes corporate environmental investment through enhancing firms’ internal control quality. Furthermore, the heterogeneity results show that the positive impact of corporate competing culture on environmental investment is more pronounced in firms with larger size, stronger corporate governance, in high-polluting industry, and located in less developed regions. Our findings shed light on the importance of corporate competing culture and provide practical implications for corporate sustainable development. |
| first_indexed | 2024-12-18T02:49:06Z |
| format | Article |
| id | doaj.art-c52236c7354f4a7fb1a060318ae15b4f |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-12-18T02:49:06Z |
| publishDate | 2022-01-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-c52236c7354f4a7fb1a060318ae15b4f2022-12-21T21:23:30ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-01-011210.3389/fpsyg.2021.774173774173Corporate Competing Culture and Environmental InvestmentJinfang Tian0Wei Cao1Qian Cheng2Yikun Huang3Shiyang Hu4School of Statistics, Shandong University of Finance and Economics, Jinan, ChinaSchool of Statistics, Shandong University of Finance and Economics, Jinan, ChinaSchool of Statistics, Shandong University of Finance and Economics, Jinan, ChinaSchool of Public Affairs Administration, China Agriculture University, Beijing, ChinaSchool of Economics and Business Administration, Chongqing University, Chongqing, ChinaUsing Chinese listed companies as research setting, this paper constructs a measure of corporate competing culture through textual analysis on firms’ management discussion and analysis (MD&A) disclosures, and examines the impact of corporate competing culture on environmental investment. The results show that competing culture has a significant and positive impact on firms’ environmental investment, and the results remain robust to a battery of robustness tests. Moreover, the mediating analysis indicates that competing culture promotes corporate environmental investment through enhancing firms’ internal control quality. Furthermore, the heterogeneity results show that the positive impact of corporate competing culture on environmental investment is more pronounced in firms with larger size, stronger corporate governance, in high-polluting industry, and located in less developed regions. Our findings shed light on the importance of corporate competing culture and provide practical implications for corporate sustainable development.https://www.frontiersin.org/articles/10.3389/fpsyg.2021.774173/fullcompeting cultureenvironmental investmentinternal control qualitycorporate sustainable developmentMD&A |
| spellingShingle | Jinfang Tian Wei Cao Qian Cheng Yikun Huang Shiyang Hu Corporate Competing Culture and Environmental Investment Frontiers in Psychology competing culture environmental investment internal control quality corporate sustainable development MD&A |
| title | Corporate Competing Culture and Environmental Investment |
| title_full | Corporate Competing Culture and Environmental Investment |
| title_fullStr | Corporate Competing Culture and Environmental Investment |
| title_full_unstemmed | Corporate Competing Culture and Environmental Investment |
| title_short | Corporate Competing Culture and Environmental Investment |
| title_sort | corporate competing culture and environmental investment |
| topic | competing culture environmental investment internal control quality corporate sustainable development MD&A |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2021.774173/full |
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