Sustainable Development and Corporate Environmental Responsibility: Evidence from Chinese Corporations |
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Authors: | Mao He Juan Chen |
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Institution: | (1) School of Management & Economics, Kunming University of Science and Technology, Kunming, 650093, People’s Republic of China;(2) Ecotourism Faculty, Southwest Forestry University, Kunming, 650224, People’s Republic of China |
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Abstract: | China is currently experiencing rapid economic growth. The price of this, however, is environment pollution. Many Chinese
corporations are lacking in corporate environmental responsibility (CER). Therefore, this study employs data from Chinese
and multinational corporations to identify why Chinese corporations seldom engage in CER by investigating their motivations
and stakeholders. The results show that the most important reason why Chinese corporations do not engage in CER is the fact
that their competitive strategy of cost cutting makes them limited in resources, such as money, employees, information, or
added value. Further study implies that Chinese corporations face more survival pressure, though they are willing to take
environmental responsibilities as multinational corporations do. The results also imply that government and social surroundings
can play an important role to arouse CER consciousness of Chinese corporations in all stakeholders. Consequently, Chinese
government has a heavy duty to promote corporations to respond to their CER in the long run. |
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Keywords: | Corporate environmental responsibility Sustainable development Chinese corporation Motivations and Stakeholders |
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