Upgrading or unhelpful? Defiant corporate support for a marine protected area

Fishing firms sometimes give political support to marine conservation measures that seem contrary to their commercial interest. To explain this apparent paradox, an analysis is made of the stance taken by a New Zealand company in response to a proposed marine protected area in the Ross Sea. The firm defected from its industry’s opposition to the proposal, choosing to support the reserve. The analysis uses concepts from corporate political strategy to identify why such support might be forthcoming, and under what conditions. The article argues that a firm endorsing a conservation initiative in defiance of its industry intends to engineer a redistribution of profit and control within its global production network, regardless of any public benefit. While there was in this instance a public benefit in the form of potential environmental upgrading, the firm’s strategy risks compromising the effectiveness and impartiality of marine governance organizations.     

Anti-corruption and corporate environmental responsibility: Evidence from China’s anti-corruption campaign

Taking advantage of China’s vigorous anti-corruption campaign implemented in 2013, this study examines the impact of anti-corruption activities on the corporate environmental responsibility (CER) performance of listed Chinese enterprises from 2010 to 2016. The empirical analysis employs a Difference-in-Differences design to identify the causal effect by using the anti-corruption campaign as an exogenous policy shock. Results indicate that China’s unprecedented anti-corruption campaign launched in 2013 significantly improves the CER performance of high-corruption enterprises. Such an effect is most evident for state-owned enterprises, especially local government-owned ones and those in pollution-intensive industries. These results remain after a series of robustness tests. The mechanism results suggest that the promotion effects of the anti-corruption campaign on CER performance can be achieved through environmental regulations, corporate rent-seeking, and innovation behaviors. Moreover, anti-corruption improves the profitability of enterprises, but the effect is significantly offset by increased CER activities.