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Lookup NU author(s): Dr Erwei Xiang
This is the authors' accepted manuscript of an article that has been published in its final definitive form by Elsevier BV, 2023.
For re-use rights please refer to the publisher's terms and conditions.
Environmental information disclosure (EID) is a reference way for enterprises to fulfill their social responsibility. It's essential to explore the factors influencing corporate EID for high-quality economic development and low carbon development. This paper empirically investigates the effect of online media attention and investor attention measured by the Baidu index on the quality of corporate EID using a sample of 309 Chinese listed firms in heavily polluting industries in 2015–2017. We find that both long-term online media attention and investor attention are negatively associated with the quality of corporate EID, and the effects of short-term media attention and investor attention on the quality of corporate EID are mixed. Moreover, we examine the moderating effect of online media attention on the relationship between investor attention and the quality of corporate EID and find that the negative effect of investor attention on the quality of corporate EID is strengthened by online media attention. The results remain robust after conducting a series of robustness tests, and implications of these findings for theory and practice are discussed.
Author(s): Chen H, Fang X, Xiang E, Ji X, An M
Publication type: Article
Publication status: Published
Journal: International Review of Economics and Finance
Year: 2023
Volume: 86
Pages: 1022-1040
Print publication date: 01/07/2023
Online publication date: 25/01/2023
Acceptance date: 24/01/2023
Date deposited: 09/03/2023
ISSN (print): 1059-0560
ISSN (electronic): 1873-8036
Publisher: Elsevier BV
URL: https://doi.org/10.1016/j.iref.2023.01.022
DOI: 10.1016/j.iref.2023.01.022
ePrints DOI: 10.57711/6q3k-a306
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