Can Media Stimulate Corporate Environmental Investment?

摘要：

　　This study provides evidence regarding the importance that media coverage places on corporate environmental protection by examining whether the negative reports on pollution are related to corporate environmental investments and its market value.We constructed theoretical models to analyze its influential mechanism, and find that negative media coverage on pollution-related accidents significantly improves the level of corporate investments on environment protection.Overall, our findings provide insights into the importance that media coverage place on environmental governance.Therefore, with better formal environmental institutions and public environment awareness, the media should play a more effective role in environmental governance.

关键词： Environmental Investment Legal System Media Coverage

作者: WANG Yun LI Yanxi HE Chao

作者单位: Faculty of Management and Economics, Dalian University of Technology, Dalian, China, 116024

会议类型: 国际会议

会议名称: The 9th (2017)International Conference on Financial Risk and Corporate Finance Management(第九届(2017)金融风险与公司金融国际研讨会)

会议地点: 日本

会议语种:英文

页码: 58-63

在线出版日期: 2017-07-01（万方平台首次上网日期，不代表论文的发表时间）