The impact of product market competition on corporate environmental responsibility

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• 作者：X. H. Meng ; S. X. Zeng ; X. M. Xie ; G. Y. Qi
• 关键词：Product market competition ; Market power ; Corporate environmental responsibility
• 刊名：Asia Pacific Journal of Management
• 出版年：2016
• 出版时间：March 2016
• 年：2016
• 卷：33
• 期：1
• 页码：267-291
• 全文大小：487 KB
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• 作者单位：X. H. Meng (1)
  S. X. Zeng (2)
  X. M. Xie (3)
  G. Y. Qi (4)
  
  1. School of Politics and Public Administration, Soochow University, Suzhou, 215006, China
  2. Antai School of Management, Shanghai Jiaotong University, Shanghai, 200052, China
  3. School of Management, Shanghai University, Shanghai, 200231, China
  4. School of Business, East China University of Science and Technology, Shanghai, 200237, China
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Management
  Business
  
• 出版者：Springer Netherlands
• ISSN：1572-9958

文摘

Although the mainstream of current thinking in the business literature recognizes that firms should invest in environmental responsibility, the theory on how product market competition affects firms’ environmental responsibility remains undeveloped. Using cost-benefit analysis, we hypothesize that the relationship between product market competition (i.e., differential industry-level competition and heterogeneous firm-level market power) and corporate environmental responsibility (CER) will be curvilinear. We find support for this hypothesis through an empirical test on a panel of 792 listed manufacturing companies from 2006 to 2008 in China. The results show that (1) either too much or too little industrial competition and (2) either too much or too little firm-level market power lead to lower environmental responsibility. Our results reveal that CER is strategically chosen and related to competitive situations.