Public Environmental Concern and Corporate Environmental Governance

We examined the impact of public environmental concerns (PEC) on corporate environmental governance (CEG). Using Chinese listed companies in Shanghai and Shenzhen stock market as our research sample, we find that the higher the regional PEC, the better the level of CEG, and the positive effect of PE...

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Bibliographic Details
Published in:E3S web of conferences 2024, Vol.527, p.3014
Main Authors: Peng, Hongyu, Chandarasupsang, Tirapot
Format: Article
Language:English
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Summary:We examined the impact of public environmental concerns (PEC) on corporate environmental governance (CEG). Using Chinese listed companies in Shanghai and Shenzhen stock market as our research sample, we find that the higher the regional PEC, the better the level of CEG, and the positive effect of PEC on CEG is more significant in the sample of non-state owned enterprises. An examination of the influence mechanism finds that PEC increase government environmental attention and therefore more stringent government environmental regulations are developed to constrain corporate environmental decisions. This study will help us better understand the unique role of the public in corporate environmental strategy in the Internet era.
ISSN:2267-1242
2267-1242
DOI:10.1051/e3sconf/202452703014