The rise of common state ownership and corporate environmental performance

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dc.contributor.authorLiu X
dc.contributor.authorBoubaker S
dc.contributor.authorLiao J
dc.contributor.authorYao S
dc.date.accessioned2024-03-17T19:35:21Z
dc.date.accessioned2024-07-25T06:37:21Z
dc.date.available2024-03-17T19:35:21Z
dc.date.available2024-07-25T06:37:21Z
dc.date.issued2024-03-13
dc.description.abstractThis study assesses the effect of common state ownership on corporate environmental performance. Using a large sample of Chinese listed firms, we find that state-owned common ownership leads to significantly enhanced corporate environmental performance. Our mechanism analysis indicates that state-owned common owners promote environmental-friendly practices through resource allocation mechanisms that alleviate corporate financial constraints. In addition, these owners play a leadership role in fostering corporate green innovation and enhancing the overall performance of the industry. Specifically, common state ownership leads to higher industry's green total factor productivity and profitability. Moreover, we observe that the positive relationship between common state ownership and corporate environmental performance is more pronounced in firms without politically connected CEOs/chairpersons and in privately owned firms.
dc.description.confidentialfalse
dc.identifier.citationLiao J, Liu X, Boubaker S, Yao S. (2024). The rise of common state ownership and corporate environmental performance. The British Accounting Review.
dc.identifier.elements-typejournal-article
dc.identifier.number101368
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/70559
dc.publisherElsevier Ltd
dc.relation.isPartOfThe British Accounting Review
dc.rights(c) The author/s
dc.rights.licenseCC BY-NC-ND
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subjectCommon state ownership
dc.subjectGovernment social objective
dc.subjectLeadership role
dc.subjectCorporate environmental performance
dc.subjectChina
dc.titleThe rise of common state ownership and corporate environmental performance
dc.typeJournal article
pubs.elements-id487277
pubs.organisational-groupMassey Business School
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