Affiliation:
1. School of Business Administration South China University of Technology Guangzhou China
Abstract
AbstractIn 2016, China launched the Central Environmental Protection Inspection (CEPI) to address environmental pollution. Using a triple‐difference method with data from China's A‐share listed companies between 2010 and 2019, we find that CEPI significantly improves the environmental performance of firms. The improvements are driven by increased environmental awareness, stricter enforcement and greater investment in environmental protection. Fiscal and environmental decentralization positively reinforce the policy's effectiveness. Regions with high public participation, media attention, and visibility experience greater benefits. This research highlights the importance of combining policy initiatives with active public and media engagement to achieve significant environmental improvements.
Funder
National Social Science Fund of China