HIGHLIGHTS
- What: The authors explore the deterrent effect of environmental regulation from a peer influence perspective. This study explores the deterrent effect of environmental penalties imposed on target firms by the relevant firms from the perspective of corporate ESG score , which is conducive to understanding the economic consequences of corporate environmental penalties from a new perspective, and also provides a reference basis for the government to better utilize administrative means for environmental regulation and governance. The instrumental variables selected in this paper are reasonable.
- Who: Performance, and Jiayu, Li from the Nankai University, Business School, Tianjin . . .
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