文献类型：期刊文献

英文题名：Environmental Health Check: How third-party environmental evaluation project affects corporate environmental responsibility

作者：Jiang, Wenbing[1];Wang, Xuejun[2];Du, Lei[3]

第一作者：Jiang, Wenbing

通信作者：Du, L[1]

机构：[1]Lanzhou City Univ, Sch Urban Econ, Lanzhou, Peoples R China;[2]Gansu Univ Chinese Med, Sch Econ & Management, Lanzhou, Peoples R China;[3]Cent South Univ, Business Sch, Changsha, Peoples R China

第一机构：Lanzhou City Univ, Sch Urban Econ, Lanzhou, Peoples R China

通信机构：[1]corresponding author), Cent South Univ, Business Sch, Changsha, Peoples R China.

年份：2023

外文期刊名：SUSTAINABLE DEVELOPMENT

收录：;Scopus(收录号：2-s2.0-85177428843);WOS:【SSCI(收录号:WOS:001107384300001)】；

基金：This research is supported by Gansu Science and Technology Program: 23JRRA1204.

语种：英文

外文关键词：corporate environmental responsibility; information asymmetry; third-party environmental evaluation

摘要：Third-party environmental evaluation by environmental organizations can provide an independent professional evaluation of firms' environmental behaviors. Because environmental organizations aim to improve environmental welfare, which reflects value rationality than instrumental rationality. We argue that third-party environmental evaluation can reduce information asymmetries between central and local governments, and induce local governments to strengthen environmental enforcement, which in turn increases the pressure on polluters. At the same time, third-party evaluation improves transparency and exposes firms' environmental opportunistic behavior, which increases the pressure on firms to take more responsibility for environmental protection. In an analysis of a large sample of Chinese listed firms over the period 2009-2018, we find that third-party evaluation from environmental organizations has a positive impact on firms' environmental responsibility. This positive effect is stronger for firms located in regions with weak local protectionism and weaker for firms with less external shareholder monitoring.