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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MDPI AG
2021
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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 |
_version_ |
1718431463890747392 |