Guangxi University Reports Findings in Science (Environmental Pollution Liability Insurance and Corporate Performance: Evidence from China in the Perspective of Green Development): Science

2022 OCT 24 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Science is the subject of a report. According to news reporting originating in Nanning, People’s Republic of China, by NewsRx journalists, research stated, “Environmental pollution is an inevitable primary responsibility in the production and management of enterprises, and it is the most severe challenge to achieving green production and sustainable development. Environmental pollution liability insurance (EPLI) can transfer corporate pollution liability to insurance companies, which affects corporate performance to a certain extent.”

Financial support for this research came from National Natural Science Foundation of China.

The news reporters obtained a quote from the research from Guangxi University, “However, the influencing factors of enterprise performance are complex, and EPLI also involves multiple subjects, so the impact of EPLI on enterprise performance is also complex. At first, this paper analyzes the possible relationship between EPLI and corporate performance based on the existing literature; subsequently, based on the list of EPLI-insured companies in 2014 and 2015 published by China’s environmental protection department as a sample, this paper uses a fixed-effects model to conduct an empirical analysis, and the mediating role of corporate social responsibility (CSR) was then examined; finally, heterogeneity analysis of the initial conclusions was conducted. The following conclusions are drawn: firstly, there is a significant negative correlation between EPLI and corporate performance. Secondly, CSR played a mediating role in the effect of EPLI on corporate performance; that is, EPLI inhibited the rise of corporate performance by affecting CSR. Thirdly, the impact of EPLI on corporate performance is heterogeneous in terms of equity nature, corporate pollution level and marketization degree.”

According to the news reporters, the research concluded: “The results of this paper enrich the economic impact theory of EPLI and have specific practical value for enterprise management and policymakers in the background of the green economy.”

For more information on this research see: Environmental Pollution Liability Insurance and Corporate Performance: Evidence from China in the Perspective of Green Development. International Journal of Environmental Research and Public Health, 2022;19(19):12089. International Journal of Environmental Research and Public Health can be contacted at: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

Our news correspondents report that additional information may be obtained by contacting Ruigang Zhang, School of Economics, Guangxi University, Nanning 530004, People’s Republic of China.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3390/ijerph191912089. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

The publisher of the International Journal of Environmental Research and Public Health can be contacted at: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

(Our reports deliver fact-based news of research and discoveries from around the world.)