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Impact of Corporate Environmental Responsibility on Operating Income: Moderating Role of Regional Disparities in China

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Abstract

Although the same environmental regulations apply to all regions in China, legal enforcement can be different due to local economic development priorities. There is still a lack of knowledge about how regional disparities affect the operating performance results of the implementation of corporate environmental management practices, thus providing little information for foreign companies when they invest and develop their production base in China. To fill this research gap, this paper collects data from the Fortune 500 Chinese firms to investigate the moderating role of regional disparities in affecting the performance results of corporate environmental management efforts based on the institutional theory. The disclosed corporate environmental responsibility (CER) practices serve as proxy to represent corporate environmental management practices. Content analysis approach was applied to collect and analyze CER practices published in the corporate reports of Chinese manufacturers. The results show that CER has a positive impact on operating income, while regional disparities influence the relationship between CER and corporate operating income. Specifically, CER and operating income are positively related in Eastern China; on the contrary, they are negatively related in Western China. This paper adds to the body of knowledge about environmental discrepancies in the same emerging economy, and provides insights for systematic consideration in terms of the issues of government environmental regulations and corporate environmental strategies.

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Abbreviations

CER:

Corporate environmental responsibility

CSR:

Corporate social responsibility

EKC:

Environmental Kuznets curve

EPL:

Environmental protection law

KLD:

Kinder Lydenberg domini

GDP:

Gross domestic product

GER:

Governmental environmental responsibility

NRBV:

Natural-resource-based view

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Acknowledgments

The authors thank the editors and reviewers for their valuable and insightful comments on earlier versions of the paper. This research was partially supported by the National Natural Science Foundation of China (Grant No. 71471047, Grant No. 71390522), the Humanities and Social Sciences Fund of Ministry of Education (Grant No. 15YJC630116), the Hong Kong Scholars Program (Grant No. XJ2013008), the Research Grants council of the Hong Kong Special Administrative Region of China (Grant No. PolyU 152170/14E), and the Hong Kong Polytechnic University (Grant No. G-YZ48).

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  1. Business Division, The Institute of Textiles and Clothing, The Hong Kong Polytechnic University, Hunghom, Kowloon, Hong Kong

    Christina W. Y. Wong

  2. School of Management, Harbin Institute of Technology, Harbin, 150001, China

    Xin Miao & Shuang Cui

  3. Department of Administrative Management, College of Humanities and Law, Northeast Agricultural University, Harbin, 150030, China

    Yanhong Tang

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Wong, C.W.Y., Miao, X., Cui, S. et al. Impact of Corporate Environmental Responsibility on Operating Income: Moderating Role of Regional Disparities in China. J Bus Ethics 149, 363–382 (2018). https://doi.org/10.1007/s10551-016-3092-z

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