Journal
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
Volume 28, Issue 2, Pages 808-818Publisher
WILEY
DOI: 10.1002/csr.2090
Keywords
corporate environmental responsibility; corporate governance; enterprises' unit energy consumption; local pollution prevention; religion
Categories
Funding
- National Natural Science Foundation of China [71802043]
- MOE Project of Humanities and Social Sciences [18YJC630007]
- Liaoning Provincial Financial Research Fund Project [17C018]
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The research shows that religion can enhance corporate environmental responsibility (CER) by influencing individual and organizational behaviors, reducing unit energy consumption, and promoting local pollution prevention.
We examine how religion influences corporate environmental responsibility (CER). With the existing literature, we analyse how Buddhism and Taoism, the most traditional and influential religion of the Chinese, could act on individual and organizational behaviours and corporate culture, and then improve CER. Taking Chinese listed companies that disclose environmental governance information from 2007 to 2016 as our sample, we find that religion contributes to the improvement of CER on corporate environmental governance, and the effect is still significant after controlling for endogenous problems and robustness tests. Furthermore, we find that religion can enhance the positive role of CER by reducing unit energy consumption and promoting local pollution prevention.
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