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Corporate Social Responsibility and the Pollution Haven Hypothesis: Evidence from Multinationals’ Investment Decision in China ^☆
Reprinted from Bu, Liu, Wagner, and Yu (2013). Corporate social responsibility and the pollution haven hypothesis: evidence from multinationals' investment decision in China. Asia-Pacific Journal of Accounting & Economics, 20(1), 85–99. Reprinted by permission of Taylor & Francis Ltd, www.tandfonline.com on behalf of The City University of Hong Kong and National Taiwan University.

Maoliang Bu ^a,b

Zhibiao Liu ^a,c

Marcus Wagner ^d

Xiaohua Yu ^e

Globalization and the Environment of China

ISBN: 978-1-78441-179-4, eISBN: 978-1-78441-178-7

Publication date: 13 November 2014

Abstract

This paper tests the pollution haven hypothesis by examining the relationship between environmental regulation and foreign investment with consideration of the role of corporate social responsibility, which has so far been neglected. Using multinationals’ investment data from China, our results in general support the pollution haven hypothesis that less stringent environmental regulation is more attractive for multinationals to invest in China, but high social responsibility can counteract attractiveness of weak environmental regulation.

Keywords

Acknowledgements

Acknowledgment

The manuscript has been presented at the international workshop of “Foreign Direct Investment and Climate Change: New Research Directions” (Venice, 2011), the staff seminar at Birmingham University (2012), and the 2012 APJAE Symposium on Advances in Studies of the Chinese Economy – Growth, FDI, Trade, Finance, and Intellectual Property Rights (Hong Kong, 2012). We appreciate comments from an anonymous reviewer, Matthew Cole, Judith Dean, Robert Elliott, Belton Fleisher, James Markusen, and other participants. However, all errors remain ours.

Citation

Bu, M., Liu, Z., Wagner, M. and Yu, X. (2014), "Corporate Social Responsibility and the Pollution Haven Hypothesis: Evidence from Multinationals’ Investment Decision in China ^☆

Reprinted from Bu, Liu, Wagner, and Yu (2013). Corporate social responsibility and the pollution haven hypothesis: evidence from multinationals' investment decision in China. Asia-Pacific Journal of Accounting & Economics, 20(1), 85–99. Reprinted by permission of Taylor & Francis Ltd, www.tandfonline.com on behalf of The City University of Hong Kong and National Taiwan University.

", Globalization and the Environment of China (Frontiers of Economics and Globalization, Vol. 14), Emerald Group Publishing Limited, Leeds, pp. 109-127. https://doi.org/10.1108/S1574-871520140000014017

Publisher

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Emerald Group Publishing Limited