近日，厦门大学财务管理与会计研究院教授、博士生导师王荔红（第一作者），与厦门大学管理学院副教授吴红军（通讯作者）、财务管理与会计研究院博士研究生康少青合作撰写的论文“Do politically connected firms pay less toward environmental protection? Firm-level evidence from polluting industries in China”在国际知名财务、会计类期刊Abacus: A Journal of Accounting Finance and Business Studies在线发表。
Abacus是SSCI收录期刊，澳洲商学院院长联席会A类期刊，ABS三星期刊，2019年期刊影响因子为1.975。
研究简介
该研究分析了董事政治关联对我国污染企业排污的影响。研究发现董事会官员董事比例与企业排污费缴纳份额成负向关系。进一步研究发现此种负向关系会受到地区环保导向，企业环境责任承担导向和官员董事级别的影响。
论文摘要
This study empirically investigates the role of political connections in corporate environmental spending. It employs a sample of listed Chinese firms from polluting industries within the 2010–2013 period. Our empirical results show that having politicians as directors reduces the magnitude of discharge fees. We also find that such reductions are more pronounced in firms with a higher ratio of politically connected directors (i.e., listed Chinese polluting firms that are privately controlled). This negative relationship is robust to various model specifications (e.g., a sample of polluting firms after addressing the sample selection bias and reverse causality without an increase in new investment). Moreover, we observe that the negative relationship between political connections and discharge fees is stronger in listed Chinese polluting firmslocated in more polluted regions. Meanwhile, a polluting firm’s incentive to engage in environmental protection, measured by firm-level environmental awards(incidents), alleviates (exacerbates) the negative relationship. Finally, the impact of politically connected directors on discharge levies is explicitly driven by having local officials and officials from the home province as directors.
作者简介
王荔红，厦门大学财务管理与会计研究院教授、博士生导师。长期从事中国公司治理、国有股权和投资者保护的研究，先后主持国家自科、社科课题2项，省级重大项目2项，教育部项目1项，省级人才项目1项。学术成果发表于SSCI收录国际知名财务会计类期刊十余篇，包括Journal of Banking and Finance, Corporate Governance: An International Review, Journal of International Financial Markets, Institutions & Money, Accounting and Finance, China Economic Review, Pacific-basin Finance Journal, The European Journal of Finance, Review of Quantitative Finance and Accounting, Applied Economics, Asia-pacific Journal of Accounting and Economics等。
康少青，厦门大学财务管理与会计研究院博士研究生，厦门大学统计学学士，对外经济贸易大学金融学硕士（保送），2018年10月到2020年1月比利时鲁汶大学KU Leuven公派联合培养，目前在Accounting and Finance、Abacus各发表一篇文章。