Does ecological accountability restrain the financialization of heavily polluting enterprises? Evidence from China

• Published in: Frontiers in environmental science Vol. 12
• Main Authors: Wang, Weida, Zhao, Chuanyang, Ning, Jinhui, Yin, Shi, Zhang, Dongyan
• Format: Journal Article
• Language: English
• Published: Frontiers Media S.A 12.07.2024
• Subjects: central environmental protection inspection; ecological accountability; enterprise financialization; green transformation; heavily polluting enterprises

Ecological accountability is an important means for the Chinese government to promote the development of green policies. In this study, a central environmental protection inspection was used as an exogenous shock event, China’s A-share-listed companies were selected as the research sample, and the i...