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Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China

Climate change has put countries around the world under great pressure to reduce greenhouse gas emissions. Chinese government has proposed that China will strive to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060. A low-carbon lifestyle is becoming a new trend in...

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Autores principales: He, Ren, Cheng, Yanduo, Zhou, Mingdian, Liu, Jing, Yang, Qing
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8706834/
https://www.ncbi.nlm.nih.gov/pubmed/34956011
http://dx.doi.org/10.3389/fpsyg.2021.787201
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author He, Ren
Cheng, Yanduo
Zhou, Mingdian
Liu, Jing
Yang, Qing
author_facet He, Ren
Cheng, Yanduo
Zhou, Mingdian
Liu, Jing
Yang, Qing
author_sort He, Ren
collection PubMed
description Climate change has put countries around the world under great pressure to reduce greenhouse gas emissions. Chinese government has proposed that China will strive to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060. A low-carbon lifestyle is becoming a new trend in China. Therefore, the products of firms that actively respond to climate change are more popular for consumers in China. In the Internet era, the carbon information disclosed by firms has become an important way for consumers to understand the behavior of firms in responding to climate change. In the existing literature on the influencing factors of carbon information disclosure, the psychological factors of executives are seldom investigated. Using a sample of Chinese listed firms in low-carbon pilot provinces and cities during the period of 2015–2019, this study explores the influence of government regulation and executive overconfidence on the quality of carbon information disclosure. The results show that government regulation has a significantly positive impact on the quality of carbon information disclosure. The results also reveal that executive overconfidence negatively affects the quality of carbon information disclosure. Moreover, executive overconfidence negatively moderates the relationship between government regulation and the quality of carbon information disclosure. Our findings make a significant contribution to the role of executive’s psychological factors in firm’s behaviors and provide new insights and policy implications for government, firms, consumers, and other stakeholders.
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spelling pubmed-87068342021-12-25 Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China He, Ren Cheng, Yanduo Zhou, Mingdian Liu, Jing Yang, Qing Front Psychol Psychology Climate change has put countries around the world under great pressure to reduce greenhouse gas emissions. Chinese government has proposed that China will strive to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060. A low-carbon lifestyle is becoming a new trend in China. Therefore, the products of firms that actively respond to climate change are more popular for consumers in China. In the Internet era, the carbon information disclosed by firms has become an important way for consumers to understand the behavior of firms in responding to climate change. In the existing literature on the influencing factors of carbon information disclosure, the psychological factors of executives are seldom investigated. Using a sample of Chinese listed firms in low-carbon pilot provinces and cities during the period of 2015–2019, this study explores the influence of government regulation and executive overconfidence on the quality of carbon information disclosure. The results show that government regulation has a significantly positive impact on the quality of carbon information disclosure. The results also reveal that executive overconfidence negatively affects the quality of carbon information disclosure. Moreover, executive overconfidence negatively moderates the relationship between government regulation and the quality of carbon information disclosure. Our findings make a significant contribution to the role of executive’s psychological factors in firm’s behaviors and provide new insights and policy implications for government, firms, consumers, and other stakeholders. Frontiers Media S.A. 2021-12-10 /pmc/articles/PMC8706834/ /pubmed/34956011 http://dx.doi.org/10.3389/fpsyg.2021.787201 Text en Copyright © 2021 He, Cheng, Zhou, Liu and Yang. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
He, Ren
Cheng, Yanduo
Zhou, Mingdian
Liu, Jing
Yang, Qing
Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China
title Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China
title_full Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China
title_fullStr Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China
title_full_unstemmed Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China
title_short Government Regulation, Executive Overconfidence, and Carbon Information Disclosure: Evidence From China
title_sort government regulation, executive overconfidence, and carbon information disclosure: evidence from china
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8706834/
https://www.ncbi.nlm.nih.gov/pubmed/34956011
http://dx.doi.org/10.3389/fpsyg.2021.787201
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