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The impact of environmental performance rating and disclosure: an empirical analysis of perceptions by polluting firms' managers in China
 
Author:Jin, Yanhong; Wang, Hua; Wheeler, David; Collection Title:Policy Research working paper ; no. WPS 5419
Country:China; Date Stored:2010/09/16
Document Date:2010/09/01Document Type:Policy Research Working Paper
SubTopics:Brown Issues and Health; Green Issues; Markets and Market Access; Water and Industry; MicrofinanceLanguage:English
Major Sector:Public Administration, Law, and Justice; Health and other social services; Information and communications; Water, sanitation and flood protectionRel. Proj ID:1W-Understanding And Improving Environmental Governance In Develop -- -- P101452;
Region:East Asia and PacificReport Number:WPS5419
Sub Sectors:Health; Solid waste management; Media; Water supply; General public administration sectorVolume No:1 of 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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