文献类型：期刊文献

英文题名：Business strategy and firm efforts on environmental protection: Evidence from China

作者：Kong, Dongmin[1];Yang, Xiandong[1];Liu, Chen[2];Yang, Wei[3]

机构：[1]Zhongnan Univ Econ & Law, Wuhan, Hubei, Peoples R China;[2]China Univ Geosci, Wuhan, Hubei, Peoples R China;[3]East China Univ Sci & Technol, Shanghai, Peoples R China

年份：2020

卷号：29

期号：2

起止页码：445

外文期刊名：BUSINESS STRATEGY AND THE ENVIRONMENT

收录：;WOS:【SSCI(收录号:WOS:000485948900001)】；

基金：National Natural Science Foundation of China, Grant/Award Number: 71772178; Major Program of the National Social Science Foundation of China, Grant/Award Number: 17ZDA073

语种：英文

外文关键词：business strategy; China; corporate social responsibility; environmental protection

摘要：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.