ORIGINAL RESEARCH
How Can Entrepreneurs’ Social Organization
Identity Affect the Environmental Investment?
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1
Nanjing Forestry University, 159 Longpan Road, Xuanwu District, Nanjing 210037, Jiangsu, China
2
Anhui University of Technology, 59 Hudong Road, Ma’anshan 243032, Anhui, China
Submission date: 2023-03-14
Final revision date: 2023-04-21
Acceptance date: 2023-05-30
Online publication date: 2023-07-28
Publication date: 2023-09-08
Corresponding author
Chen Xun
Nanjing Forestry University, 159 Longpan Road, Xuanwu District, Nanjing 210037, Jiangsu, China
Yating Zhu
Anhui University of Technology, 59 Hudong Road, Ma’anshan 243032, Anhui, China
Pol. J. Environ. Stud. 2023;32(5):4515-4540
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ABSTRACT
Political connections and corporation social responsibility (CSR) play important roles in firms’
investment decisions. This paper examines empirically how distinct social organization identities of
the entrepreneurs affect their environmental investment using Chinese private enterprises from the 13th
national private enterprise sampling survey in 2018. The results show that: (1) The social organization
identities of private entrepreneurs has a significant positive effect on firms’ environmental investment;
(2) The positive effects decrease in sequence for government-pushed organizations, industry
associations and fellowship organizations; (3) There are significant heterogeneities among regions,
industries, external risks and internal ownership structures; and (4) Environmental investment has
a significant positive effect on firms’ economic performance. After the methods of variable substitution,
instrumental variable, PSM, etc., the results are all robust, which ensures the reliability of our findings.
Finally, the research proposes policies of voluntary environmental management for Chinese private
enterprises with different social organization identities.