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Article: Assessing corporate environmental risk in China: An evaluation of reporting activities of Hong Kong listed enterprises

TitleAssessing corporate environmental risk in China: An evaluation of reporting activities of Hong Kong listed enterprises
Authors
KeywordsChina
Corporate governance
Disclosure
Environmental management
Environmental reporting
Risk management
Security regulations
Issue Date2005
PublisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.wiley.com/WileyCDA/WileyTitle/productCd-CSR.html
Citation
Corporate Social Responsibility And Environmental Management, 2005, v. 12 n. 2, p. 88-104 How to Cite?
AbstractDue to its large population, rapid economic growth and the fragility of its environment, China is environmentally more risky than Western countries. Over time we will see tougher and better-implemented environmental regulations in China. At the same time, sound environmental management is being viewed by investors as an essential part of good corporate governance. Hong Kong listed companies have failed to provide sufficient information for investors to assess their positions with respect to environmental management. This increases their vulnerability to possible accusations of poor environmental performance. The lack of environmental activity and accountability identified amongst the companies leads us to conclude that they are taking substantial yet avoidable risks. In the short term, Hong Kong security market regulators should expedite better voluntary environmental reporting. In the long term, a fundamental reform of security regulations in partnership between regulators, professionals and listed companies should be pursued. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment.
Persistent Identifierhttp://hdl.handle.net/10722/89797
ISSN
2015 Impact Factor: 2.647
2015 SCImago Journal Rankings: 1.974
References

 

DC FieldValueLanguage
dc.contributor.authorChan, JCHen_HK
dc.contributor.authorWelford, Ren_HK
dc.date.accessioned2010-09-06T10:01:55Z-
dc.date.available2010-09-06T10:01:55Z-
dc.date.issued2005en_HK
dc.identifier.citationCorporate Social Responsibility And Environmental Management, 2005, v. 12 n. 2, p. 88-104en_HK
dc.identifier.issn1535-3958en_HK
dc.identifier.urihttp://hdl.handle.net/10722/89797-
dc.description.abstractDue to its large population, rapid economic growth and the fragility of its environment, China is environmentally more risky than Western countries. Over time we will see tougher and better-implemented environmental regulations in China. At the same time, sound environmental management is being viewed by investors as an essential part of good corporate governance. Hong Kong listed companies have failed to provide sufficient information for investors to assess their positions with respect to environmental management. This increases their vulnerability to possible accusations of poor environmental performance. The lack of environmental activity and accountability identified amongst the companies leads us to conclude that they are taking substantial yet avoidable risks. In the short term, Hong Kong security market regulators should expedite better voluntary environmental reporting. In the long term, a fundamental reform of security regulations in partnership between regulators, professionals and listed companies should be pursued. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment.en_HK
dc.languageengen_HK
dc.publisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.wiley.com/WileyCDA/WileyTitle/productCd-CSR.htmlen_HK
dc.relation.ispartofCorporate Social Responsibility and Environmental Managementen_HK
dc.rightsCorporate Social Responsibility and Environmental Management. Copyright © John Wiley & Sons Ltd.en_HK
dc.subjectChinaen_HK
dc.subjectCorporate governanceen_HK
dc.subjectDisclosureen_HK
dc.subjectEnvironmental managementen_HK
dc.subjectEnvironmental reportingen_HK
dc.subjectRisk managementen_HK
dc.subjectSecurity regulationsen_HK
dc.titleAssessing corporate environmental risk in China: An evaluation of reporting activities of Hong Kong listed enterprisesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1535-3958&volume=12&issue=2&spage=88&epage=104&date=2005&atitle=Assessing+Corporate+Environmental+Risk+in+China:+An+Evaluation+of+Reporting+Activities+of+Hong+Kong+Listed+Enterprisesen_HK
dc.identifier.emailWelford, R: rwelford@hkucc.hku.hken_HK
dc.identifier.authorityWelford, R=rp00879en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1002/csr.88en_HK
dc.identifier.scopuseid_2-s2.0-20444505285en_HK
dc.identifier.hkuros107748en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-20444505285&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume12en_HK
dc.identifier.issue2en_HK
dc.identifier.spage88en_HK
dc.identifier.epage104en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChan, JCH=8513454500en_HK
dc.identifier.scopusauthoridWelford, R=6603821264en_HK

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