Journal
HUMAN AND ECOLOGICAL RISK ASSESSMENT
Volume 21, Issue 8, Pages 2192-2212Publisher
TAYLOR & FRANCIS INC
DOI: 10.1080/10807039.2015.1044937
Keywords
listed firms; green subsidies; political connections; environmental performance
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Funding
- National Natural Science Foundation of China [71025006, 71373161, 71390525]
- Ministry of Education of China [20120073110030]
- Science Technology Department of Zhejiang Province [2014C25018]
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This study investigates the relationship between political connections and corporate environmental performance, and examines the role of government green subsidies on this relationship within the current Chinese context. Using data from publicly traded private manufacturing firms, empirical results show that politically connected firms are significantly more likely to obtain green subsidies than non-connected firms. Assisted by green subsidies, firms with political connections show better environmental performance than those without. Our findings reveal the mechanism by which corporate political connections influence environmental performance.
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