Does business strategy drive corporate environmental information disclosure?

摘要

This study attempted to investigate the impact of business strategy on corporate environmental information disclosure. We further explored whether the relationship between business strategy and environmental information disclosure is moderated by CEO power, industry competition, and government regulation. The research sample consisted of 1,530 firms listed in Chinese Stock "A" markets from the year 2013 to 2017. The results indicated that firms adopting prospector business strategy tend to disclose more environmental information. Besides, the relationship between business strategy and environmental information disclosure is strengthened when the CEO has more power, firms located in moderately competitive industries, and firms face more rigorous government regulation. Overall, this study provides specific policy implications for regulatory agencies and suggestions for the sustainable development of firms.