Institutional Investors and Corporate Social Responsibility: Evidence from China
In: Emerging markets, finance and trade: EMFT, Band 59, Heft 10, S. 3281-3292
ISSN: 1558-0938
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In: Emerging markets, finance and trade: EMFT, Band 59, Heft 10, S. 3281-3292
ISSN: 1558-0938
In: Emerging Markets Finance and Trade
SSRN
In: Emerging markets, finance and trade: EMFT, Band 60, Heft 10, S. 2174-2189
ISSN: 1558-0938
In: Journal of consumer behaviour, Band 22, Heft 4, S. 1016-1024
ISSN: 1479-1838
AbstractThe causal link between customer privacy concerns and organizational nature—specifically, entrepreneurial startups versus mature enterprises—remains unexplored. Using an online experiment, this study examines whether consumers' privacy concerns differ between these two types of organizations. Drawing on protection motivation theory, the study investigates whether customers' privacy concerns are stronger toward entrepreneurial startups than toward mature firms when both declare privacy protection. It further explores whether consumer participation in designing privacy protection mechanisms differently affects consumers' privacy concerns toward start‐ups versus mature firms. The empirical results of an online experiment using a sample of 373 college students support the study hypotheses that (i) for unilateral privacy protection declarations, consumers' privacy concerns are higher toward entrepreneurial startups, and (ii) when consumers are invited to participate in designing privacy protection mechanisms, consumers' privacy concerns toward entrepreneurial startups significantly decrease. Our findings complement the literature on consumer privacy defensive behaviors by highlighting that consumer privacy concerns are associated with the organizational nature and privacy protection initiatives.
Studying the driving factors of environmental pollution is of great importance for China. Previous literature mainly focused on the cause of national aggregate emission changes. However, research about the effect of fiscal expenditures on science and technology (FESTs) on environmental pollution is rare. Considering the large gap among cities in China, it is necessary to investigate whether and how FESTs affect environmental pollution among cities. We adopted three kinds of typical environmental pollutants including sulfur dioxide (SO2) emissions, wastewater emission, and atmospheric particulate matter less than 2.5 micrometers in diameter (PM2.5). Using the data of 260 prefecture-level cities over ten years in China, we found that FESTs play a significantly positive role in reducing sulfur dioxide (SO2) emissions and PM2.5 concentrations, but fail to alleviate wastewater emissions. Specifically, for every 1% increase in FESTs, SO2 emissions were reduced by 5.317% and PM2.5 concentrations were reduced by 5.329%. Furthermore, we found that FESTs reduced environmental pollution by impeding fixed asset investments and by promoting research and development activities (R&D). Moreover, the impacts of FESTs on environmental pollution varied across regions and sub-periods. Our results are robust to a series of additional checks, including alternative econometric specifications, generalized method of moments (GMM) analysis and overcoming potential endogeneity with an instrumental variable. Our findings confirm that government efforts can be effective on pollution control in China. Hence, all governments should pay more attention to FESTs for sustainable development and environmental quality improvements. ; This study was supported by the National Natural Science Foundation of China (Grant No. 71772013). ; info:eu-repo/semantics/publishedVersion
BASE
Studying the driving factors of environmental pollution is of great importance for China. Previous literature mainly focused on the cause of national aggregate emission changes. However, research about the effect of fiscal expenditures on science and technology (FESTs) on environmental pollution is rare. Considering the large gap among cities in China, it is necessary to investigate whether and how FESTs affect environmental pollution among cities. We adopted three kinds of typical environmental pollutants including sulfur dioxide (SO(2)) emissions, wastewater emission, and atmospheric particulate matter less than 2.5 micrometers in diameter (PM(2.5)). Using the data of 260 prefecture-level cities over ten years in China, we found that FESTs play a significantly positive role in reducing sulfur dioxide (SO(2)) emissions and PM(2.5) concentrations, but fail to alleviate wastewater emissions. Specifically, for every 1% increase in FESTs, SO(2) emissions were reduced by 5.317% and PM(2.5) concentrations were reduced by 5.329%. Furthermore, we found that FESTs reduced environmental pollution by impeding fixed asset investments and by promoting research and development activities (R&D). Moreover, the impacts of FESTs on environmental pollution varied across regions and sub-periods. Our results are robust to a series of additional checks, including alternative econometric specifications, generalized method of moments (GMM) analysis and overcoming potential endogeneity with an instrumental variable. Our findings confirm that government efforts can be effective on pollution control in China. Hence, all governments should pay more attention to FESTs for sustainable development and environmental quality improvements.
BASE
Studying the driving factors of environmental pollution is of great importance for China. Previous literature mainly focused on the cause of national aggregate emission changes. However, research about the effect of fiscal expenditures on science and technology (FESTs) on environmental pollution is rare. Considering the large gap among cities in China, it is necessary to investigate whether and how FESTs affect environmental pollution among cities. We adopted three kinds of typical environmental pollutants including sulfur dioxide (SO2) emissions, wastewater emission, and atmospheric particulate matter less than 2.5 micrometers in diameter (PM2.5). Using the data of 260 prefecture-level cities over ten years in China, we found that FESTs play a significantly positive role in reducing sulfur dioxide (SO2) emissions and PM2.5 concentrations, but fail to alleviate wastewater emissions. Specifically, for every 1% increase in FESTs, SO2 emissions were reduced by 5.317% and PM2.5 concentrations were reduced by 5.329%. Furthermore, we found that FESTs reduced environmental pollution by impeding fixed asset investments and by promoting research and development activities (R&D). Moreover, the impacts of FESTs on environmental pollution varied across regions and sub-periods. Our results are robust to a series of additional checks, including alternative econometric specifications, generalized method of moments (GMM) analysis and overcoming potential endogeneity with an instrumental variable. Our findings confirm that government efforts can be effective on pollution control in China. Hence, all governments should pay more attention to FESTs for sustainable development and environmental quality improvements. ; This study was supported by the National Natural Science Foundation of China (Grant No. 71772013). ; open access article
BASE