ORIGINAL RESEARCH
Does Public Environmental Attentions Improve
Corporate Sustainability? – The Mediating Role
of Corporate Environmental Responsibility
More details
Hide details
1
Beijing Petroleum Managers Training Institute, Beijing 100096, Beijing, China
Submission date: 2023-12-09
Final revision date: 2024-02-26
Acceptance date: 2024-03-28
Online publication date: 2024-10-07
Publication date: 2025-01-09
Corresponding author
Jingwei Qiu
Beijing Petroleum Managers Training Institute, Beijing 100096, Beijing, China
Pol. J. Environ. Stud. 2025;34(2):1653-1670
KEYWORDS
TOPICS
ABSTRACT
With the increasingly serious pollution problem, environmental protection issues are also attracting
the public’s attention. This article selects Chinese manufacturing listed companies from 2013 to 2021 as
research samples to examine the impact of public environmental attention on corporate sustainability,
as well as the impact mechanism and heterogeneity between the two. The results indicate that, firstly,
public environmental attention promotes corporate sustainability, environmental regulations promote
corporate sustainability, and the impact of public environmental attention on corporate sustainability
is positively moderated by environmental regulations. Secondly, public environmental attention
promotes the sustainability of enterprises through enhancing corporate environmental responsibility.
Finally, further research has indicated that there are differences in the impact of public environmental
attentions on corporate sustainability based on the heterogeneity of scale, region, and ownership of
enterprises. In large non-state-owned listed companies, as well as in the eastern and coastal regions,
public environmental attentions are more related to corporate sustainability.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
REFERENCES (54)
1.
CUI L., HUANG Y. Exploring the schemes for green climate fund financing: International lessons. *World Development*, 101, 173, 2018. <
https://doi.org/10.1016/j.worl...>.
2.
FENG Y., NING M., LEI Y., SUN Y., LIU W., WANG J. Defending blue sky in China: effectiveness of the "air pollution prevention and control action plan" on air quality improvements from 2013 to 2017. *Journal of Environment Management*, 252, 109603, 2019. <
https://doi.org/10.1016/j.jenv...> PMid:31586746.
3.
DUANMU J.L., BU M.L., PITTMAN R. Does market competition dampen environmental performance: Evidence from China. *Strategic Management Journal*, 39, 3006, 2018. <
https://doi.org/10.1002/smj.29...>.
4.
FREEMAN R.E. Strategic management: A stakeholder approach. *Journal of Management Studies*, 29 (2), 131, 1984.
6.
SHAO S., HU Z., CAO J., YANG L., GUAN D. Environmental regulation and enterprise innovation: a review. *Business Strategy and the Environment*, 29, 1465, 2020. <
https://doi.org/10.1002/bse.24...>.
7.
ALMEIDA M.F.L., MELO M.A.C. Sociotechnical regimes, technological innovation and corporate sustainability: from principles to action. *Technology Analysis & Strategy Management*, 29 (4), 395, 2016. <
https://doi.org/10.1080/095373...>.
9.
WALKER K., NI N., HUO W. Is the red dragon green? An examination of the antecedents and consequences of environmental proactivity in China. *Journal of Business Ethics*, 125 (1), 27, 2014. <
https://doi.org/10.1007/s10551...>.
10.
X X., ZENG S., CHEN H. Signaling good by doing good: How does environmental corporate social responsibility affect international expansion? *Business Strategy and the Environment*, 27, 946, 2018. <
https://doi.org/10.1002/bse.20...>.
11.
DENG X., LI L. Promoting or inhibiting? The impact of environmental regulation on corporate financial performance - An empirical analysis based on China. *International Journal of Environmental Research and Public Health*, 17, 3828, 2020. <
https://doi.org/10.3390/ijerph...> PMid:32481632 PMCid:PMC7312506.
12.
BIAN J., LIAO Y., WANG Y.Y., TAO F. Analysis of firm CSR strategies. *European Journal of Operational Research*, 290 (3), 914, 2021. <
https://doi.org/10.1016/j.ejor...>.
13.
MARANO V., TASHMAN P., KOSTOVA T. Escaping the iron cage: Liabilities of origin and CSR reporting of emerging market multinational enterprises. *Journal of International Business Studies*, 48 (3), 386, 2017. <
https://doi.org/10.1057/jibs.2...>.
14.
VOICA M.C., PANAIT M., RADHLESCU I. Green investments - between necessity, fiscal constraints and profit. *Procedia Economics and Finance*, 22, 72, 2015. <
https://doi.org/10.1016/S2212-...>.
15.
SAUNILA M., UKKO J., RANTALA T. Sustainability as a driver of green innovation investment and exploitation. *Journal of Cleaner Production*, 179, 631, 2018. <
https://doi.org/10.1016/j.jcle...>.
16.
FRITSCHE I., EVA J., DANIELA N.K., NICOLAS K. Existential threat and compliance with pro-environmental norms. *Journal of Environmental Psychology*, 30 (1), 67, 2010. <
https://doi.org/10.1016/j.jenv...>.
17.
SCHALTENBRAND B., FOERSTL K., AZADEGAN A., LINDEMAN K. See what we want to see? The effects of managerial experience on corporate green investments. *Journal of Business Ethics*, 150, 1129, 2018. <
https://doi.org/10.1007/s10551...>.
18.
CHEN M., QIAN X., ZHANG L. Public participation in environmental management in China: Status quo and mode innovation. *Environmental Management*, 55 (3), 523, 2016. <
https://doi.org/10.1007/s00267...> PMid:25537155.
19.
JIA M., TONG L., VISWANATH P.V., ZHANG Z. Word power: The impact of negative media coverage on disciplining corporate pollution. *Journal of Business Ethics*, 138 (3), 437, 2016. <
https://doi.org/10.1007/s10551...>.
20.
ZHU S., HE C., LIU Y. Going green or going away: Environmental regulation, economic geography and firms' strategies in China's pollution-intensive industries. *Geoforum*, 55, 53, 2014. <
https://doi.org/10.1016/j.geof...>.
21.
MARTIN P.R., MOSER D.V. Managers' green investment disclosures and investor's reaction. *Journal of Accounting and Economics*, 61 (1), 239, 2016. <
https://doi.org/10.1016/j.jacc...> PMCid:PMC10977774.
22.
CHEN M.F. Self-efficacy or collective efficacy within the cognitive theory of stress model: which more effectively explains people's self-reported pro-environmental behavior? *Journal of Environmental Psychology*, 42, 66, 2015. <
https://doi.org/10.1016/j.jenv...>.
23.
DYLLICK T., HOCKERTS K. Beyond the business case for corporate sustainability. *Business Strategy and the Environment*, 11, 130, 2002. <
https://doi.org/10.1002/bse.32...>.
24.
NEWMAN C., RAND J., TARP F., TRIFKOVIC N. Corporate social responsibility in a competitive business environment. *Journal of Development Studies*, 56, 1455, 2020. <
https://doi.org/10.1080/002203...>.
26.
BEATRIZ J.P., DANIEL A.M., JOSE L.G. The influence of corporate social responsibility on air pollution: Analysis of environmental regulation and eco-innovation effects. *Corporate Social Responsibility and Environmental Management*, 25, 1363, 2018. <
https://doi.org/10.1002/csr.16...>.
27.
CHOI J., WANG H. Stakeholder relations and the persistence of corporate financial performance. *Strategic Management Journal*, 30 (8), 895, 2009. <
https://doi.org/10.1002/smj.75...>.
28.
RAMCHANDER S., SCHWEBACH R.G., STAKING K. The informational relevance of corporate social responsibility: Evidence from DS400 index reconstitutions. *Strategic Management Journal*, 33 (3), 303, 2012. <
https://doi.org/10.1002/smj.95...>.
29.
HEAL G. Corporate social responsibility: An economic and financial framework. *Geneva Papers on Risk & Insurance Issues and Practice*, 30 (3), 387, 2005. <
https://doi.org/10.1057/palgra...>.
30.
HERATH H., HERATH T.C., DUNN P. Profit-driven corporate social responsibility as a bayesian real option in green computing. *Journal of Business Ethics*, 158 (2), 387, 2017. <
https://doi.org/10.1007/s10551...>.
31.
HUANG L.Y., LEI Z.J. How environmental regulation affect corporate green investment: Evidence from China. *Journal of Cleaner Production*, 279, 123560, 2021. <
https://doi.org/10.1016/j.jcle...>.
32.
WANG M. Will carbon tax affect the strategy and performance of low‑carbon technology sharing between enterprises. *Journal of Cleaner Production*, 210, 724, 2019. <
https://doi.org/10.1016/j.jcle...>.
34.
LI G., LU S., SHAO S., YANG L., ZHANG K. Do environmental regulations hamper small enterprises' market entry? Evidence from China. *Business Strategy and the Environment*, 30, 252, 2021. <
https://doi.org/10.1002/bse.26...>.
35.
LIAO X.C., SHI X.P. Public appeal, environmental regulation and green investment: evidence from China. *Energy Policy*, 119, 554, 2018. <
https://doi.org/10.1016/j.enpo...>.
36.
SHAO W., YANG K., BAI X. Impact of financial subsidies on the R\&D intensity of new energy vehicles: A case study of 88 listed enterprises in China. *Energy Strategy Reviews*, 33(4), 100580, 2021. <
https://doi.org/10.1016/j.esr....>.
37.
BELLAVITIS C., KAMURIWO D.S., HOMMEL U. Mitigation of moral hazard and adverse selection in venture capital financing: The influence of the country's institutional setting. *Journal of Small Business Management*, 57 (4), 1328, 2019. <
https://doi.org/10.1111/jsbm.1...>.
38.
BLOOM N., VAN R.J., WILLIAMS H. A toolkit of policies to promote innovation. *Journal of Economic Perspectives*, 33 (3), 163, 2019. <
https://doi.org/10.1257/jep.33...>.
39.
BONSON E., PEREA D., BEDNAROVA M. Twitter as a tool for citizen engagement: An empirical study of the Andalusian municipalities. *Government Information Quarterly*, 36 (3), 480, 2019. <
https://doi.org/10.1016/j.giq....>.
40.
MORGENSTERN R.D., PRIZER W\.A., SHIH J.S. Jobs versus the environment: an industry-level perspective. *Journal of Environmental Economics and Management*, 43 (3), 412, 2002. <
https://doi.org/10.1006/jeem.2...>.
41.
HE S.B., YAO H.L. Business environment, human capital structural upgrading, and economic development quality. *Frontiers in Environmental Science*, 10, 964922, 2022. <
https://doi.org/10.3389/fenvs....>.
42.
DONG Z., ZHANG Z. Does the business environment improve the sustainable development of enterprises? *Sustainability*, 14 (20), 13499, 2022. <
https://doi.org/10.3390/su1420...>.
43.
YU W., JACOBS M.A., CHAVEZ R. Exploring the effect of business environment on supply chain integration and financial performance: An environment–system–performance paradigm. *IEEE Transactions on Engineering Management*, 69 (06), 3197, 2022. <
https://doi.org/10.1109/TEM.20...>.
44.
CHENG Z., LI L., LIU J. The impact of foreign direct investment on urban PM2.5 pollution in China. *Journal of Environment Management*, 265, 110532, 2020. <
https://doi.org/10.1016/j.jenv...> PMid:32292171.
45.
ANOKHIN S., WINCENT J., PARIDA V., CHISTYAKOVA N., OGHAZI P. Industrial clusters, flagship enterprises and regional innovation. *Entrepreneurship and Regional Development*, 31 (1/2), 104, 2019. <
https://doi.org/10.1080/089856...>.
46.
DIETER E., KIM L. Global production networks, knowledge diffusion, and local capability formation. *Research Policy*, 31 (8), 1417, 2001. <
https://doi.org/10.1016/S0048-...>.
47.
GAO Y.Q., YANG H.B. Does ownership matter? Firm ownership and corporate illegality in China. *Journal of Business Ethics*, 168 (2), 431, 2021. <
https://doi.org/10.1007/s10551...>.
48.
MILLER S.R., EDEN L., LID. CSR reputation and firm performance: A dynamic approach. *Journal of Business Ethics*, 163 (3), 619, 2020. <
https://doi.org/10.1007/s10551...>.
49.
DMYTRIYEV S.D., FREEMAN R.E., HORISCH J. The relationship between stakeholder theory and corporate social responsibility: Differences, similarities, and implications for social issues in management. *Journal of Management Studies*, 58 (6), 1441, 2021. <
https://doi.org/10.1111/joms.1...>.
50.
RAMANATHAN R., BLACK A., NATH P., MUYLDERMANS L. Impact of environmental regulations on innovation and performance in the UK industrial sector. *Management Decisions*, 48 (10), 1493, 2010. <
https://doi.org/10.1108/002517...>.
51.
DAHLSRUD A. How corporate social responsibility is defined: An analysis of 37 definitions. *Corporate Social Responsibility and Environmental Management*, 1, 1, 2008. <
https://doi.org/10.1002/csr.13...>.
52.
SONG Q., HONG Z. Empirical study on financial sustainable growth of the family-controlled listed companies in Zhejiang province. *WIT Transactions on Information and Communication Technologies*, 46, 271, 2013. <
https://doi.org/10.2495/ISME20...>.
53.
GATZERT N. The impact of corporate reputation and reputation damaging events on financial performance: empirical evidence from the literature. *European Management Reviews*, 33 (6), 485, 2015. <
https://doi.org/10.1016/j.emj....>.
54.
HADRICH J.C., WOLF C. Citizen complaints and environmental regulation of Michigan livestock operations. *Journal of Animal Science*, 89 (1), 277, 2011. <
https://doi.org/10.2527/jas.20...> PMid:20852077.