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How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China

This paper uses the environmental information announcement system as a quasi-natural experiment, cleaning China’s Industrial Enterprise Pollution Database, a unique and comprehensive firm-level database, and merges it with China’s Industrial Enterprise Database. Then, we use the difference-in-differ...

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Detalles Bibliográficos
Autores principales: Yang, Xiangyang, Zhang, Zheng, Rao, Siqi, Liu, Bei, Li, Yueyue
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9566471/
https://www.ncbi.nlm.nih.gov/pubmed/36232064
http://dx.doi.org/10.3390/ijerph191912763
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author Yang, Xiangyang
Zhang, Zheng
Rao, Siqi
Liu, Bei
Li, Yueyue
author_facet Yang, Xiangyang
Zhang, Zheng
Rao, Siqi
Liu, Bei
Li, Yueyue
author_sort Yang, Xiangyang
collection PubMed
description This paper uses the environmental information announcement system as a quasi-natural experiment, cleaning China’s Industrial Enterprise Pollution Database, a unique and comprehensive firm-level database, and merges it with China’s Industrial Enterprise Database. Then, we use the difference-in-differences model to test the effect of environmental information announcements on firm pollution emissions and the transmission mechanism. The empirical results found that environmental information announcement has a significant environmental performance improvement effect. That is, environmental information announcements can significantly reduce pollution emissions. Moreover, the effects of environmental information announcement differ significantly under different regions, city levels, and environmental regulatory intensities. Specifically, in the eastern region, first-class cities, and regions with higher environmental regulations, the emission reduction effects of enterprises are more obvious. Further transmission mechanism test results show that environmental information disclosure has a dual emission reduction mechanism of internal driving and external pressure. Front-end of technological innovation and end-of-end environmental governance are important manifestations in internal driving. Under external pressure, companies will reduce production so as to achieve the goal of reducing pollution emissions.
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spelling pubmed-95664712022-10-15 How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China Yang, Xiangyang Zhang, Zheng Rao, Siqi Liu, Bei Li, Yueyue Int J Environ Res Public Health Article This paper uses the environmental information announcement system as a quasi-natural experiment, cleaning China’s Industrial Enterprise Pollution Database, a unique and comprehensive firm-level database, and merges it with China’s Industrial Enterprise Database. Then, we use the difference-in-differences model to test the effect of environmental information announcements on firm pollution emissions and the transmission mechanism. The empirical results found that environmental information announcement has a significant environmental performance improvement effect. That is, environmental information announcements can significantly reduce pollution emissions. Moreover, the effects of environmental information announcement differ significantly under different regions, city levels, and environmental regulatory intensities. Specifically, in the eastern region, first-class cities, and regions with higher environmental regulations, the emission reduction effects of enterprises are more obvious. Further transmission mechanism test results show that environmental information disclosure has a dual emission reduction mechanism of internal driving and external pressure. Front-end of technological innovation and end-of-end environmental governance are important manifestations in internal driving. Under external pressure, companies will reduce production so as to achieve the goal of reducing pollution emissions. MDPI 2022-10-06 /pmc/articles/PMC9566471/ /pubmed/36232064 http://dx.doi.org/10.3390/ijerph191912763 Text en © 2022 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Yang, Xiangyang
Zhang, Zheng
Rao, Siqi
Liu, Bei
Li, Yueyue
How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China
title How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China
title_full How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China
title_fullStr How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China
title_full_unstemmed How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China
title_short How Does Environmental Information Disclosure Affect Pollution Emissions: Firm-Level Evidence from China
title_sort how does environmental information disclosure affect pollution emissions: firm-level evidence from china
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9566471/
https://www.ncbi.nlm.nih.gov/pubmed/36232064
http://dx.doi.org/10.3390/ijerph191912763
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