Online citations, reference lists, and bibliographies.
Please confirm you are human
(Sign Up for free to never see this)
← Back to Search

Does A Board Chairman’s Political Connection Affect Green Investment?—From A Sustainable Perspective

K. Wang, H. Zhang, Sang-Bing Tsai, Li-Dong Wu, Kun-kun Xue, He-Jun Fan, J. Zhou, Quan Chen
Published 2018 · Economics

Save to my Library
Download PDF
Analyze on Scholarcy
Share
Using a sample consisting of China’s listed manufacturing companies which issue A-shares on the Shenzhen and Shanghai stock exchanges from 2008–2014, this study empirically tests the relationship between board chairman’s political connections and the amount of energy conservation and emission reduction investment. The results show that the existence of politically-connected board chairmen positively affects green investment. In addition, marketization degrees negatively moderate the relationship between political connection and green investment, which supports an institutional logic perspective. The amount of redundant resources also has the same moderating effect, which is consistent with the resource exchange perspective.
This paper references
10.1016/J.EGYPRO.2011.03.382
Empirical Analysis on Environmental Disclosure and Environmental Performance Level of Listed Steel Companies
Z. G. Liu (2011)
10.1007/s40815-017-0400-4
Evidential Supplier Selection Based on DEMATEL and Game Theory
T. Liu (2018)
10.1007/S10551-011-1129-X
Factors that Drive Chinese Listed Companies in Voluntary Disclosure of Environmental Information
Saixing Zeng (2012)
10.1002/(SICI)1097-0266(199901)20:1<67::AID-SMJ22>3.0.CO;2-T
Corporate political strategies and firm performance: indications of firm‐specific benefits from personal service in the U.S. government
A. Hillman (1999)
10.1111/j.1467-6486.2010.00993.x
Corporate Governance and the Environment: What Type of Governance Creates Greener Companies?
C. Kock (2012)
10.2139/ssrn.405643
The Relations Among Environmental Disclosure, Environmental Performance, and Economic Performance: A Simultaneous Equations Approach
Sulaiman A. Al-Tuwaijri (2003)
10.1016/J.JACCECO.2008.04.001
State ownership, the institutional environment, and auditor choice: Evidence from China
Q. Wang (2008)
10.1002/SMJ.2127
Difference in degrees : CEO characteristics and firm environmental disclosure
B. Lewis (2014)
10.1016/J.ECONLET.2011.12.008
Chinese firms' political connection, ownership, and financing constraints
K. Chan (2011)
10.1007/S10551-011-1052-1
The Causal Effect of Corporate Governance on Corporate Social Responsibility
H. Jo (2012)
Determinants of Environmental Reporting in Malaysia
Zauwiyah Ahmad (2003)
10.1016/J.ADIAC.2011.05.005
Corporate governance and environmental performance and disclosures
Yu Cong (2011)
Chinese firm’s political connection, ownership and financial constraints
K. S. Chan (2012)
10.1111/j.1468-0475.2009.00482.x
Political Connectedness and Firm Performance: Evidence from Germany
A. Niessen (2010)
10.1186/S40852-015-0007-7
Study on CEO characteristics for management of public art performance centers
Joon-ho Kim (2015)
10.1509/JMKG.75.1.1
The Effects of business and Political Ties on Firm Performance: Evidence from China.
S. Sheng (2011)
10.1007/S10551-013-1939-0
Initiating Disclosure of Environmental Liability Information: An Empirical Analysis of Firm Choice
J. C. Chen (2014)
10.1111/IRFI.12108
The Impact of Financing Constraints and Agency Costs on Corporate R&D Investment: Evidence from China
Z. Lin (2017)
10.1111/j.1467-6281.2011.00330.x
Environmental Reporting and its Relation to Corporate Environmental Performance
P. Clarkson (2007)
10.1016/J.JCLEPRO.2016.09.102
Corporate governance, social responsibility information disclosure, and enterprise value in China
Xiang Liu (2017)
10.1016/J.JBUSVENT.2012.05.004
Political connections and entrepreneurial investment: Evidence from China's transition economy
W. Zhou (2013)
10.2139/ssrn.886901
Big Business Owners in Politics
Pramuan Bunkanwanicha (2007)
Corporate governance and corporate social responsibility disclosure: Evidence from the US banking
M. I. Jizi (2014)
10.3386/w21266
The Mortality Cost of Political Connections
F. Raymond (2015)
10.1016/J.JCAE.2014.08.003
Does voluntary carbon disclosure reflect underlying carbon performance
L. Luo (2014)
10.1016/J.JDEVECO.2007.03.001
Political connections, financing and firm performance: Evidence from Chinese private firms ☆
H. Li (2008)
10.1111/1911-3846.12150
Corporate Political Connections and Tax Aggressiveness
Chansog Kim (2013)
10.2139/ssrn.281961
Cronyism and Capital Controls: Evidence from Malaysia
Simon Johnson (2001)
10.5465/AMJ.2012.0406
Leviathan as a Minority Shareholder: Firm-Level Implications of State Equity Purchases
Carlos Inoue (2013)
10.1007/S10551-014-2167-Y
Political Connection, Ownership Structure, and Corporate Philanthropy in China: A Strategic-Political Perspective
S. Li (2015)
Politicians , Firms and the Political Business Cycle : Evidence from France
M. Bertrand (2006)
Institutional ownership and corporate political strategies: Does heterogeneity of institutional owners matter? Strateg
M. Ozer (2010)
10.1086/210361
Institutional Logics and the Historical Contingency of Power in Organizations: Executive Succession in the Higher Education Publishing Industry, 1958– 19901
P. H. Thornton (1999)
10.1016/S0278-4254(01)00031-X
Corporate environmental disclosures: are they useful in determining environmental performance?
S. Hughes (2001)
INSTITUTIONAL OWNERSHIP AND CORPORATE POLITICAL STRATEGIES: DOES HETEROGENEITY OF INSTITUTIONAL OWNERS MATTER?
M. Ozer (2012)
10.1017/S0022109010000608
Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China
H. Berkman (2008)
10.1111/1475-679X.12038
Political connections and the cost of bank loans
Joel F. Houston (2014)
10.4324/9781315125930
Organizations in Action: Social Science Bases of Administrative Theory
J. D. Thompson (1967)
10.1186/S40852-015-0002-Z
Green governance and green clusters: regional & national policies for the climate change challenge of Central & Eastern Europe
P. Cooke (2015)
10.1016/J.JACCPUBPOL.2006.07.001
Public Policy, Political Connections, and Effective Tax Rates: Longitudinal Evidence from Malaysia
A. Adhikari (2006)
10.2307/2231527
The External Control of Organizations. A Resource Dependence Perspective
B. Loasby (1979)
10.1016/j.jcorpfin.2013.10.002
Does Political Capital Create Value in the IPO Market? Evidence from China
Qi-gui Liu (2013)
10.1016/S0278-4254(96)00015-4
Environmental disclosures and public policy pressure
W. Darrell (1997)
10.1016/J.JFINECO.2006.11.003
Political Connections and Preferential Access to Finance: Role of Campaign Contributions
S. Claessens (2007)
10.2139/ssrn.877627
Public Governance and Corporate Finance: Evidence from Corruption Cases
Joseph P. H. Fan (2008)
10.1016/0305-0483(82)90051-2
Pollution disclosures, pollution performance and economic performance
M. Freedman (1982)
10.1002/SMJ.2583
Slack resources, firm performance, and the institutional context: Evidence from privately held European firms
T. Vanacker (2017)
10.2139/ssrn.243226
Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia
Joseph P. H. Fan (2000)
10.1016/J.AOS.2006.09.009
The role of environmental disclosures as tools of legitimacy: A research note
C. Cho (2007)
10.1007/S10551-013-1929-2
Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector
Mohammad Jizi (2014)
10.5465/AMJ.2009.0548
Corporate Philanthropy and Corporate Financial Performance: The Roles of Stakeholder Response and Political Access
H. Wang (2011)
10.1016/J.JFINECO.2013.10.008
The Role of Stock Ownership by US Members of Congress on the Market for Political Favors
Ahmed Tahoun (2014)
10.5465/AMP.2011.0153
The Continuing Importance of Political Ties in China
W. Shi (2014)
10.1016/S0361-3682(01)00025-3
Social disclosure, financial disclosure and the cost of equity capital
A. Richardson (2001)
10.1016/J.JBANKFIN.2015.02.015
Protection or expropriation: Politically connected independent directors in China
L. Wang (2015)
10.2139/ssrn.1911863
Public Governance, Political Connectedness, and CEO Turnover: Evidence from Chinese State-Owned Enterprises
Qingbo Yuan (2011)
10.2139/ssrn.966379
The Quality of Accounting Information in Politically Connected Firms
P. Chaney (2009)
10.1016/J.JACCECO.2011.10.001
Political Considerations in the Decision of Chinese SOEs to List in Hong Kong
Mingyi Hung (2012)



This paper is referenced by
Semantic Scholar Logo Some data provided by SemanticScholar