Corporate Social Responsibility Development and Climate Change: Regional Evidence of China

This study analyzed Chinese companies’ behavior regarding corporate social responsibility (CSR) disclosure, and its impact on national and regional climate change measured by carbon emissions. CSR disclosure, supported by existing theories, is considered a powerful tool to curb climate change issues...

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Autores principales: Shouhao Li, Weiquan Cheng, Jingjing Li, Hao Shen
Formato: article
Lenguaje:EN
Publicado: MDPI AG 2021
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Acceso en línea:https://doaj.org/article/4e55aeaf788b41a5b6a6e2a25a54db24
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spelling oai:doaj.org-article:4e55aeaf788b41a5b6a6e2a25a54db242021-11-11T19:33:39ZCorporate Social Responsibility Development and Climate Change: Regional Evidence of China10.3390/su1321118592071-1050https://doaj.org/article/4e55aeaf788b41a5b6a6e2a25a54db242021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11859https://doaj.org/toc/2071-1050This study analyzed Chinese companies’ behavior regarding corporate social responsibility (CSR) disclosure, and its impact on national and regional climate change measured by carbon emissions. CSR disclosure, supported by existing theories, is considered a powerful tool to curb climate change issues. We combined data of companies’ publicly traded annual financial reports and CSR reports from the China Stock Market and Accounting Research (CSMAR) database and provincial macroeconomic statistics from the Chinese National Bureau of Statistics to run panel regressions. The results verify the following: (a) China is in a relatively early stage of CSR development, and Chinese firms’ internal incentives to adopt CSR projects are low since none of the internal factors researched contribute to CSR disclosure. (b) External factors work slightly better for CSR practices, but at the same time, the CSR regulations still need further improvement. (c) The current CSR disclosure practices do not have a clear impact on carbon emission reduction, contrary to some predictions that CSR could help reduce carbon emissions.Shouhao LiWeiquan ChengJingjing LiHao ShenMDPI AGarticlecorporate social responsibilityclimate changecarbon emissionregional developmentEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11859, p 11859 (2021)
institution DOAJ
collection DOAJ
language EN
topic corporate social responsibility
climate change
carbon emission
regional development
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
spellingShingle corporate social responsibility
climate change
carbon emission
regional development
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
Shouhao Li
Weiquan Cheng
Jingjing Li
Hao Shen
Corporate Social Responsibility Development and Climate Change: Regional Evidence of China
description This study analyzed Chinese companies’ behavior regarding corporate social responsibility (CSR) disclosure, and its impact on national and regional climate change measured by carbon emissions. CSR disclosure, supported by existing theories, is considered a powerful tool to curb climate change issues. We combined data of companies’ publicly traded annual financial reports and CSR reports from the China Stock Market and Accounting Research (CSMAR) database and provincial macroeconomic statistics from the Chinese National Bureau of Statistics to run panel regressions. The results verify the following: (a) China is in a relatively early stage of CSR development, and Chinese firms’ internal incentives to adopt CSR projects are low since none of the internal factors researched contribute to CSR disclosure. (b) External factors work slightly better for CSR practices, but at the same time, the CSR regulations still need further improvement. (c) The current CSR disclosure practices do not have a clear impact on carbon emission reduction, contrary to some predictions that CSR could help reduce carbon emissions.
format article
author Shouhao Li
Weiquan Cheng
Jingjing Li
Hao Shen
author_facet Shouhao Li
Weiquan Cheng
Jingjing Li
Hao Shen
author_sort Shouhao Li
title Corporate Social Responsibility Development and Climate Change: Regional Evidence of China
title_short Corporate Social Responsibility Development and Climate Change: Regional Evidence of China
title_full Corporate Social Responsibility Development and Climate Change: Regional Evidence of China
title_fullStr Corporate Social Responsibility Development and Climate Change: Regional Evidence of China
title_full_unstemmed Corporate Social Responsibility Development and Climate Change: Regional Evidence of China
title_sort corporate social responsibility development and climate change: regional evidence of china
publisher MDPI AG
publishDate 2021
url https://doaj.org/article/4e55aeaf788b41a5b6a6e2a25a54db24
work_keys_str_mv AT shouhaoli corporatesocialresponsibilitydevelopmentandclimatechangeregionalevidenceofchina
AT weiquancheng corporatesocialresponsibilitydevelopmentandclimatechangeregionalevidenceofchina
AT jingjingli corporatesocialresponsibilitydevelopmentandclimatechangeregionalevidenceofchina
AT haoshen corporatesocialresponsibilitydevelopmentandclimatechangeregionalevidenceofchina
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