Confucian Culture and Corporate Climate Change Risk Disclosure: Based on Text Analysis and Machine Learning

Cheng B, Pan F, Wang J L. 2016. Confucian culture, information environment and internal controls[J]. Accounting Research, (12): 79-84, 96. (in Chinese)

DU Y, ZHOU L. 2019. Executive academic background and corporate financialization[J]. Journal of Southwest University (Social Sciences Edition), 45(6): 63-74. (in Chinese)

GU Z H. 2015. Confucian ethics and agency costs in the context of globalization[J]. Journal of Management World, (3): 113-123. (in Chinese)

He P L, Sun Y L, Ning J, et al. 2019. Quality of senior managers, legal environment and quality of information disclosure[J]. China Soft Science, (10): 112-128. (in Chinese)

Hong Y M, Wang S Y. 2021. How is big data changing economic research paradigms?[J]. Journal of Management World, 37(10): 40-55. (in Chinese)

Hu N, Wang H N, Qiu F J. 2021a. CEO excess compensation and competitive strategy matching[J]. Business and Management Journal, 43(10): 62-82. (in Chinese)

Hu N, Xue F J, Wang H N. 2021b. Does managerial myopia affect long-term investment?: Based on text analysis and machine learning[J]. Journal of Management World, 37(5): 139-156. (in Chinese)

Jiang F W, Meng L C, Tang G H. 2021. Media textual sentiment and Chinese stock return predictability[J]. China Economic Quarterly, 21(4): 1323-1344. (in Chinese)

Jiang Y B, Cui G H. 2019. Does environmental responsibility taking add enterprise value?: Based on empirical evidence from industrial enterprises[J]. Securities Market Herald, (8): 24-34. (in Chinese)

Jin Z, Xu H, Ma Y Q. 2017. Confucianism and corporate’s risk taking[J]. The Journal of World Economy, 40(11): 170-192. (in Chinese)

Kong D M, Wei Y X, Ji M M. 2021. The impact of environmental protection fee-to-tax policy on the green information disclosure of enterprises[J]. Securities Market Herald, (8): 2-14. (in Chinese)

LI H Y, FU S Y, WANG R F. 2015. Construction of carbon information disclosure evaluation system[J]. Statistics & Decision, (13): 40-42. (in Chinese)

Li W G, Lu J. 2022. Online platform interaction and stock price crash risk: “Easy Communication” or “Easy Manipulation”[J]. China Industrial Economics, (7): 178-196. (in Chinese)

Li W J, Zhu Y J. 2021. The impact of Confucian culture on corporate fraud[J]. Business and Management Journal, 43(9): 137-153. (in Chinese)

Liu H F. 2009. On the development and multiplication of the imperial examination system and Confucianism[J]. Journal of China University of Geosciences (Social Sciences Edition), 9(1): 7-13. (in Chinese)

Lu H Y, Deng T Q, Yu J L. 2019. Can financial subsidies promote the “greening” of enterprises?: Research on listed companies from heavy pollution industry in China[J]. Business and Management Journal, 41(4): 5-22. (in Chinese)

Lü M H, Xu G H, Shen G, et al. 2018. Heterogeneous debt governance, contract incompleteness and corporate environmental information disclosure[J]. Accounting Research, (5): 67-74. (in Chinese)

Pan A L, Wang H, Qiu J L. 2021. Confucianism and green M&As in heavy polluters[J]. Accounting Research, (5): 133-147. (in Chinese)

Pan Y, Tang X D, Ning B. 2020. Frugal tendency in traditional culture: Confucianism and managers’ perk consumption[J]. Journal of Xiamen University (Arts & Social Sciences), (1): 107-120. (in Chinese)

Ran Y X, Li Z Q, Liu J N, et al. 2022. The development of social science research methods in the era of big data: An application of the Word Embeddings Technique[J]. Nankai Business Review, 25(2): 47-56, 79. (in Chinese)

Shen Y, Chen Y, Huang Z. 2019. A literature review of textual analysis in economic and financial research[J]. China Economic Quarterly, 18(4): 1153-1186. (in Chinese)

Tian G L, Chen K Y, Qi B L. 2021. Do audit firms have independent auditor style based on key audit matters?: Empirical evidence from the new version of audit report disclosed by Chinese listed companies[J]. Accounting Research, (11): 160-177. (in Chinese)

Wang C L, Yang Y H, Deng F, et al. 2019. A review of text similarity approaches[J]. Information Science, 37(3): 158-168. (in Chinese)

Wang J C, Niu X Y. 2013. Empirical research on the factors and market reaction of voluntary responding to carbon disclosure project questionnaire—Based on CDP China Report from 2008 to 2011[J]. Journal of Central University of Finance & Economics, (1): 78-85. (in Chinese)

Wang X, Wang Y. 2021. The impact of environmental governance policy on green innovation: Evidence from China’s Quasi-Natural Experiment[J]. Journal of Financial Research, (10): 134-152. (in Chinese)

Wang Y T, Wang R H. 2014. Review on the development of international carbon information disclosure[J]. Guizhou Social Sciences, (5): 68-71. (in Chinese)

Wen Z L, Ye B J. 2014. Analyses of mediating effects: The development of methods and models[J]. Advances in Psychological Science, 22(5): 731-745. (in Chinese)

XU X X, LI W L. 2020. Confucian tradition and corporate innovation: The power of culture[J]. Journal of Financial Research, 42(2): 124-136. (in Chinese)

Xu X X, Long Z N, Li W L. 2020. Confucian culture and corporate philanthropy[J]. Foreign Economics & Management, 42(2): 124-136. (in Chinese)

Yan H Z, Chen B Z. 2017. Climate change, environment regulation and the firm value of carbon emissions disclosure[J]. Journal of Financial Research, (6): 142-158. (in Chinese)

Yao J Q, Zhang K P, Luo P. 2020. Text mining in financial big data and its research progress[J]. Economic Perspectives, (4): 143-158. (in Chinese)

Ye K T, Zhang R, Xu H P. 2010. Reputation, institutional environment and debt financing: Evidence from private-owned listed firms in China[J]. Journal of Financial Research, (8): 171-183. (in Chinese)

Zhang W Y. 2013. Norm entrepreneurs and Confucian social norms[J]. Journal of Peking University (Philosophy and Social Sciences), 50(1): 16-35. (in Chinese)

Zhang X L, Wen W, Song J B. 2020. Are scholar-type CEOs more self-disciplined?: The impact of CEOs’ academic experience on executive perquisites[J]. Business and Management Journal, 42(2): 106-126. (in Chinese)

Zhou H, Tang L R. 2015. Can market competition force enterprises to treat employees kindly—Micro evidence from manufacturing enterprises[J]. Journal of Management World, (11): 135-144. (in Chinese)

Zhu W, Sun Y X, Tang Q. 2019. Substantive disclosure or selective disclosure: The impact of corporate environmental performance on the quality of environmental information disclosure[J]. Accounting Research, (3): 10-17. (in Chinese)

Zou P. 2020. Does Confucianism promote disclosure of corporate social responsibility?[J]. Business and Management Journal, 42(12): 76-93. (in Chinese)

Ben-Amar W, Chang M, Mcilkenny P. 2017. Board gender diversity and corporate response to sustainability initiatives: Evidence from the carbon disclosure project[J]. Journal of Business Ethics, 142(2): 369-383.

Benmelech E, Frydman C. 2015. Military CEOs[J]. Journal of Financial Economics, 117(1): 43-59.

Comyns B. 2016. Determinants of GHG reporting: An analysis of global oil and gas companies[J]. Journal of Business Ethics, 136(2): 349-369.

Deegan C, Rankin M. 1996. Do Australian companies report environmental news objectively? An analysis of environmental disclosures by firms prosecuted successfully by the environmental protection authority[J]. Accounting, Auditing & Accountability Journal, 9(2): 50-67.

Du X Q. 2015. Does Confucianism reduce minority shareholder expropriation? Evidence from China[J]. Journal of Business Ethics, 132(4): 661-716.

Engle R F, Giglio S, Kelly B, et al. 2020. Hedging climate change news[J]. The Review of Financial Studies, 33(3): 1184-1216.

Grauel J, Gotthardt D. 2016. The relevance of national contexts for carbon disclosure decisions of stock-listed companies: A multilevel analysis[J]. Journal of Cleaner Production, 133: 1204-1217.

Hambrick D C, Mason P A. 1984. Upper echelons: The organization as a reflection of its top managers[J]. Academy of management review, 9(2): 193-206.

Hasseldine J, Salama A I, Toms J S. 2005. Quantity versus quality: The impact of environmental disclosures on the reputations of UK Plcs[J]. The British Accounting Review, 37(2): 231-248.

He R, Zhou M D, Liu J, et al. 2021. The influence of academic independent directors and Confucianism on carbon information disclosure: Evidence from China[J]. Complexity, 2021: 6646345.

Hrasky S. 2012. Carbon footprints and legitimation strategies: Symbolism or action?[J]. Accounting, Auditing & Accountability Journal, 25(1): 174-198.

Lewis B W, Walls J L, Dowell G W S. 2014. Difference in degrees: CEO characteristics and firm environmental disclosure[J]. Strategic Management Journal, 35(5): 712-722.

Lin Y, Shi W L, Prescott J E, et al. 2019. In the eye of the beholder: Top managers’ long-term orientation, industry context, and decision-making processes[J]. Journal of Management, 45(8): 3114-3145.

Loughran T, Mcdonald B. 2011. When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks[J]. The Journal of Finance, 66(1): 35-65.

Sautner Z, van Lent L, Vilkov G, et al. 2020. Firm-level climate change exposure[J]. European Corporate Governance Institute-Finance Working Paper, 686.

Zhang D W, Xu H, Su Z C, et al. 2015. Chinese comments sentiment classification based on word2vec and SVM^perf[J]. Expert Systems with Applications, 42(4): 1857-1863.