期刊
BUSINESS STRATEGY AND THE ENVIRONMENT
卷 29, 期 2, 页码 445-464出版社
WILEY
DOI: 10.1002/bse.2376
关键词
business strategy; China; corporate social responsibility; environmental protection
资金
- National Natural Science Foundation of China [71772178]
- Major Program of the National Social Science Foundation of China [17ZDA073]
Although business strategy plays a fundamental role in firm operations, whether and how business strategy affects firms' environmental protection behaviors remain unclear. On the basis of a typical emerging market, we show that firms following prospector strategies take more environmental protection actions than do those following defender strategies. Our findings are robust to endogeneity checks and alternative measures of business strategy. We further find that prospectors engage in more environmental activities than do defenders when the degree of financial constraint or earning management is high. Our results are particularly pronounced in state-owned enterprises, heavy-polluting industries, and firms located in regions with strict environmental regulations. Overall, this study provides clear policy implications for regulators concerned with environmental protection.
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