Geographical Distance and Environmental Information Disclosure: The Perspective of Public Pressure Transmission Efficiency1. (June 2017)

• Record Type: Journal Article
• Authors: Yao, Sheng; Yang, Jie
• Is Part Of: Asia-Pacific journal of financial studies. Volume 46:Number 3(2017:Jun.)
• Page Start: 445
• Page End: 462
• Publication Date: 2017-06
• Subjects: Geographical distance -- Environmental information disclosure -- Public pressure -- External audit -- Ownership concentration; Pacific Area -- Economic conditions -- Periodicals; Finance -- Asia -- Periodicals; Finance -- Pacific Area -- Periodicals; Asia -- Economic conditions -- Periodicals; 332.09505
• DOI: 10.1111/ajfs.12176
• Languages: English
• ISSNs: 2041-9945

Abstract

Abstract: This paper examines how geographical distance influences managers' behavior around environmental disclosure from the perspective of public pressure transmission efficiency and how the internal and external factors curb the effect of geographical distance. We study Chinese manufacturing firms over a 6‐year period (2009–2014) following the release of The Measures for Disclosure of Environmental Information ( Trial ). Research results show that (i) geographical distance can significantly weaken the transmission efficiency of public pressure and (ii) internal and external supervision factors can curb the negative effect of geographical distance on the transmission efficiency of public pressure.