The Impact of Environmental Performance Rating and Disclosure : An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China
Environmental performance rating and disclosure has emerged as a substitute or complement for traditional pollution regulation, especially in developing countries. Using data from China's Green Watch program, this study extends previous resear...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916094201 http://hdl.handle.net/10986/3903 |
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okr-10986-39032021-04-23T14:02:13Z The Impact of Environmental Performance Rating and Disclosure : An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China Jin, Yanhong Wang, Hua Wheeler, David ADOPTION OF PROPANE AIR QUALITY BETTER ENVIRONMENTAL PERFORMANCE BRICK MAKERS CAPITAL MARKETS CLEAN TECHNOLOGY CLEANER PRODUCTION COD COMPETITIVENESS COMPLIANCE RECORD COMPLIANCE STATUS DOMESTIC MARKET DRINKING WATER EMISSIONS EMISSIONS REPORTS EMPLOYMENT ENVIRONMENTAL ACCIDENT ENVIRONMENTAL AGENCIES ENVIRONMENTAL AUTHORITIES ENVIRONMENTAL CONDITIONS ENVIRONMENTAL CONTAMINATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL LAWS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL OUTCOMES ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROBLEMS ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY ENVIRONMENTAL RISKS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FIRM SIZE FIRMS GAS HAZARDOUS WASTE HAZARDOUS WASTE SITES INDUSTRIAL POLLUTION INFORMAL REGULATION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKET INTERNATIONAL MARKETS INVENTORIES INVENTORY JOINT VENTURE MANUFACTURER MANUFACTURING INDUSTRY MARKET CONCENTRATION MARKET FAILURES MARKET SEGMENTATION MARKET VALUE NUCLEAR POWER NUCLEAR RADIATION POLLUTION POLLUTION CONTROL POLLUTION PROBLEMS POLLUTION REGULATION POWER PLANTS REGULATORS REGULATORY COMPLIANCE REGULATORY ECONOMICS REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS REGULATORY STANDARDS SUBSTITUTE SULFUR DIOXIDE SURFACE WATER SUSPENDED SOLIDS TEXTILE INDUSTRY TOXIC EMISSIONS TOXIC POLLUTERS TOXIC WASTE WASTE DISPOSAL WASTE MANAGEMENT WATER QUALITY Environmental performance rating and disclosure has emerged as a substitute or complement for traditional pollution regulation, especially in developing countries. Using data from China's Green Watch program, this study extends previous research on performance rating and disclosure by considering firms' perceptions of public and market responses to their ratings. The results suggest that the Green Watch has significantly increased market and stakeholder pressures on managers to improve their firms environmental performance. More specifically, controlling for the characteristics of locations, firms, and individual managers, the analysis finds that firms with better ratings perceive positive impacts on market competitiveness, overall market value, and relationships with different stakeholders, while the firms with bad ratings are more likely to perceive deterioration. Among these factors, managers perceive a more active role for markets than for stakeholder relations. 2012-03-19T18:41:53Z 2012-03-19T18:41:53Z 2010-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916094201 http://hdl.handle.net/10986/3903 English Policy Research working paper ; no. WPS 5419 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia and Pacific East Asia Asia China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADOPTION OF PROPANE AIR QUALITY BETTER ENVIRONMENTAL PERFORMANCE BRICK MAKERS CAPITAL MARKETS CLEAN TECHNOLOGY CLEANER PRODUCTION COD COMPETITIVENESS COMPLIANCE RECORD COMPLIANCE STATUS DOMESTIC MARKET DRINKING WATER EMISSIONS EMISSIONS REPORTS EMPLOYMENT ENVIRONMENTAL ACCIDENT ENVIRONMENTAL AGENCIES ENVIRONMENTAL AUTHORITIES ENVIRONMENTAL CONDITIONS ENVIRONMENTAL CONTAMINATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL LAWS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL OUTCOMES ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROBLEMS ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY ENVIRONMENTAL RISKS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FIRM SIZE FIRMS GAS HAZARDOUS WASTE HAZARDOUS WASTE SITES INDUSTRIAL POLLUTION INFORMAL REGULATION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKET INTERNATIONAL MARKETS INVENTORIES INVENTORY JOINT VENTURE MANUFACTURER MANUFACTURING INDUSTRY MARKET CONCENTRATION MARKET FAILURES MARKET SEGMENTATION MARKET VALUE NUCLEAR POWER NUCLEAR RADIATION POLLUTION POLLUTION CONTROL POLLUTION PROBLEMS POLLUTION REGULATION POWER PLANTS REGULATORS REGULATORY COMPLIANCE REGULATORY ECONOMICS REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS REGULATORY STANDARDS SUBSTITUTE SULFUR DIOXIDE SURFACE WATER SUSPENDED SOLIDS TEXTILE INDUSTRY TOXIC EMISSIONS TOXIC POLLUTERS TOXIC WASTE WASTE DISPOSAL WASTE MANAGEMENT WATER QUALITY |
| spellingShingle |
ADOPTION OF PROPANE AIR QUALITY BETTER ENVIRONMENTAL PERFORMANCE BRICK MAKERS CAPITAL MARKETS CLEAN TECHNOLOGY CLEANER PRODUCTION COD COMPETITIVENESS COMPLIANCE RECORD COMPLIANCE STATUS DOMESTIC MARKET DRINKING WATER EMISSIONS EMISSIONS REPORTS EMPLOYMENT ENVIRONMENTAL ACCIDENT ENVIRONMENTAL AGENCIES ENVIRONMENTAL AUTHORITIES ENVIRONMENTAL CONDITIONS ENVIRONMENTAL CONTAMINATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL LAWS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL OUTCOMES ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROBLEMS ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY ENVIRONMENTAL RISKS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FIRM SIZE FIRMS GAS HAZARDOUS WASTE HAZARDOUS WASTE SITES INDUSTRIAL POLLUTION INFORMAL REGULATION INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKET INTERNATIONAL MARKETS INVENTORIES INVENTORY JOINT VENTURE MANUFACTURER MANUFACTURING INDUSTRY MARKET CONCENTRATION MARKET FAILURES MARKET SEGMENTATION MARKET VALUE NUCLEAR POWER NUCLEAR RADIATION POLLUTION POLLUTION CONTROL POLLUTION PROBLEMS POLLUTION REGULATION POWER PLANTS REGULATORS REGULATORY COMPLIANCE REGULATORY ECONOMICS REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS REGULATORY STANDARDS SUBSTITUTE SULFUR DIOXIDE SURFACE WATER SUSPENDED SOLIDS TEXTILE INDUSTRY TOXIC EMISSIONS TOXIC POLLUTERS TOXIC WASTE WASTE DISPOSAL WASTE MANAGEMENT WATER QUALITY Jin, Yanhong Wang, Hua Wheeler, David The Impact of Environmental Performance Rating and Disclosure : An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China |
| geographic_facet |
East Asia and Pacific East Asia and Pacific East Asia Asia China |
| relation |
Policy Research working paper ; no. WPS 5419 |
| description |
Environmental performance rating and
disclosure has emerged as a substitute or complement for
traditional pollution regulation, especially in developing
countries. Using data from China's Green Watch program,
this study extends previous research on performance rating
and disclosure by considering firms' perceptions of
public and market responses to their ratings. The results
suggest that the Green Watch has significantly increased
market and stakeholder pressures on managers to improve
their firms environmental performance. More specifically,
controlling for the characteristics of locations, firms, and
individual managers, the analysis finds that firms with
better ratings perceive positive impacts on market
competitiveness, overall market value, and relationships
with different stakeholders, while the firms with bad
ratings are more likely to perceive deterioration. Among
these factors, managers perceive a more active role for
markets than for stakeholder relations. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Jin, Yanhong Wang, Hua Wheeler, David |
| author_facet |
Jin, Yanhong Wang, Hua Wheeler, David |
| author_sort |
Jin, Yanhong |
| title |
The Impact of Environmental Performance Rating and Disclosure :
An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China |
| title_short |
The Impact of Environmental Performance Rating and Disclosure :
An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China |
| title_full |
The Impact of Environmental Performance Rating and Disclosure :
An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China |
| title_fullStr |
The Impact of Environmental Performance Rating and Disclosure :
An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China |
| title_full_unstemmed |
The Impact of Environmental Performance Rating and Disclosure :
An Empirical Analysis of Perceptions by Polluting Firms’ Managers in China |
| title_sort |
impact of environmental performance rating and disclosure :
an empirical analysis of perceptions by polluting firms’ managers in china |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916094201 http://hdl.handle.net/10986/3903 |
| _version_ |
1764388938322018304 |