How Political Connections Affect Corporate Environmental Performance: The Mediating Role of Green Subsidies

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...

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Bibliographic Details
Published in:Human and ecological risk assessment 2015-11, Vol.21 (8), p.2192-2212
Main Authors: Lin, H., Zeng, S. X., Ma, H. Y., Chen, H. Q.
Format: Article
Language:English
Subjects:
Agricultural subsidies
Ecological risk assessment
Empirical analysis
Environment management
environmental performance
Governments
green subsidies
Human
Joints
listed firms
Manufacturing
political connections
Politics
Subsidies (financial)
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Summary: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.
ISSN:1549-7860
1080-7039
1549-7860
DOI:10.1080/10807039.2015.1044937