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The impact of environmental performance rating and disclosure: an empirical analysis of perceptions by polluting firms' managers in China, Volume 1
 
Author:Jin, Yanhong; Wang, Hua; Wheeler, David; Country:China;
Date Stored:2010/09/16Document Date:2010/09/01
Document Type:Policy Research Working PaperSubTopics:Brown Issues and Health; Green Issues; Markets and Market Access; Water and Industry; Microfinance
Language:EnglishMajor Sector:Public Administration, Law, and Justice; Health and other social services; Information and communications; Water, sanitation and flood protection
Rel. Proj ID:1W-Understanding And Improving Environmental Governance In Develop -- -- P101452;Region:East Asia and Pacific
Report Number:WPS5419Sub Sectors:Health; Solid waste management; Media; Water supply; General public administration sector
Collection Title:Policy Research working paper ; no. WPS 5419Volume No:1

Summary: Environmental performance rating and disclosure has emerged as a substitute or complement for traditional pollution regulation, especially in developing countries. Using data from China's Green Watch program, this study extends previous research on performance rating and disclosure by considering firms' perceptions of public and market responses to their ratings. The results suggest that the Green Watch has significantly increased market and stakeholder pressures on managers to improve their firms’ environmental performance. More specifically, controlling for the characteristics of locations, firms, and individual managers, the analysis finds that firms with better ratings perceive positive impacts on market competitiveness, overall market value, and relationships with different stakeholders, while the firms with bad ratings are more likely to perceive deterioration. Among these factors, managers perceive a more active role for markets than for stakeholder relations.

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