How does state ownership affect pollution control? Evidence from the Chinese iron and steel industry
by Zhi Tang; Delmonize A. Smith
International Journal of Business Governance and Ethics (IJBGE), Vol. 7, No. 3, 2012

Abstract: Little is known about how state ownership affects firms' environmental activities. Building on corporate governance literature, we examine the two strategies that Chinese state-owned iron and steel companies may adopt: they can invest in environmental projects, but can also pay an environmental fee and keep polluting. With longitudinal data collected from public Chinese steel firms from 2001-2008, we found that in any given year, the percentage of state ownership does not significantly affect environmental investment; however, a higher percentage of state ownership can decrease environmental fees. As time goes by, firms with a higher state ownership can pay even fewer environmental fees than they used to.

Online publication date: Thu, 25-Oct-2012

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