The impact of local gambling preferences on firm-level environmental violations: Evidence from China

被引：1

作者：

Zuo, Jingjing ^{[1
]}

Qiu, Baoyin ^{[2
]}

机构：

[1] Univ Int Business & Econ, Business Sch, Beijing, Peoples R China

[2] Hangzhou Dianzi Univ, Sch Accounting, Hangzhou 310018, Peoples R China

来源：

MANAGERIAL AND DECISION ECONOMICS | 2023年 / 44卷 / 02期

关键词：

REPUTATIONAL PENALTIES; CORPORATE; ATTITUDES; RELIGION; RESPONSIBILITY; PERFORMANCE; DISCLOSURE; CULTURE; MARKET; CRIME;

D O I：

10.1002/mde.3740

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the impact of local gambling preferences on firms' environmental violations using a sample of Chinese firms. Our findings suggest that firms in regions with high gambling preferences have higher environmental and continuous environmental violations. The results are robust to using two stage least square (2SLS) regression analysis, a propensity score matching sample, other robustness tests, and excluding alternative explanations of social responsibility and financial pressure. Further analysis shows that the impact of gambling preferences on environmental violations is more salient for firms with high managerial overconfidence and low environmental awareness. Hence, the illusion of control and underestimating the punishment costs are underlying causes.

引用

页码：1175 / 1190

页数：16

共 64 条

[1] Religion, gambling attitudes and corporate innovation [J].

Adhikari, Binay Kumar ;

Agrawal, Anup .

JOURNAL OF CORPORATE FINANCE, 2016, 37 :229-248

[2] Local culture and tax avoidance: Evidence from gambling preference behavior [J].

Alharbi, Samar ;

Atawnah, Nader ;

Al Mamun, Md ;

Ali, Muhammad Jahangir .

GLOBAL FINANCE JOURNAL, 2022, 52

[3] Law, finance, and economic growth in China [J].

Allen, F ;

Qian, J ;

Qian, MJ .

JOURNAL OF FINANCIAL ECONOMICS, 2005, 77 (01) :57-116

[4] FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND PREDICTION OF CORPORATE BANKRUPTCY [J].

ALTMAN, EI .

JOURNAL OF FINANCE, 1968, 23 (04) :589-609

[5]

Atkinson N., 2020, DO CORPORATIONS PROF

[6] CRIME AND PUNISHMENT - ECONOMIC APPROACH [J].

BECKER, GS .

JOURNAL OF POLITICAL ECONOMY, 1968, 76 (02) :169-217

[7] Reputational penalties for environmental violations: A pure and scientific replication study [J].

Brady, Jacob ;

Evans, Mary F. ;

Wehrly, Eric W. .

INTERNATIONAL REVIEW OF LAW AND ECONOMICS, 2019, 57 :60-72

[8] Corporate social performance and geographical diversification [J].

Brammer, Stephen J. ;

Pavelin, Stephen ;

Porter, Lynda A. .

JOURNAL OF BUSINESS RESEARCH, 2006, 59 (09) :1025-1034

[9] Disordered gambling and psychosis: Prevalence and clinical correlates [J].

Cassetta, B. D. ;

Kim, H. S. ;

Hodgins, D. C. ;

McGrath, D. S. ;

Tomfohr-Madsen, L. M. ;

Tavares, H. .

SCHIZOPHRENIA RESEARCH, 2018, 192 :463-464

[10] Local Gambling Preferences and Corporate Innovative Success [J].

Chen, Yangyang ;

Podolski, Edward J. ;

Rhee, S. Ghon ;

Veeraraghavan, Madhu .

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2014, 49 (01) :77-106

← 1 2 3 4 5 6 7 →