{"id":"https://openalex.org/W4403655352","doi":"https://doi.org/10.1016/j.irfa.2024.103691","title":"The unintended consequence of environmental centralization: Evidence from firm financialization","display_name":"The unintended consequence of environmental centralization: Evidence from firm financialization","publication_year":2024,"publication_date":"2024-10-22","ids":{"openalex":"https://openalex.org/W4403655352","doi":"https://doi.org/10.1016/j.irfa.2024.103691"},"language":"en","primary_location":{"id":"doi:10.1016/j.irfa.2024.103691","doi":"https://doi.org/10.1016/j.irfa.2024.103691","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.irfa.2024.103691","pdf_url":null,"source":{"id":"https://openalex.org/S145572626","display_name":"International Review of Financial Analysis","issn_l":"1057-5219","issn":["1057-5219","1873-8079"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Financial Analysis","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5113299591","display_name":"Minhao Qi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Minhao Qi","raw_affiliation_strings":["School of Statistics and Management, Shanghai University of Finance and Economics, 777 Guoding Rd, Shanghai 200433, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Statistics and Management, Shanghai University of Finance and Economics, 777 Guoding Rd, Shanghai 200433, China","institution_ids":["https://openalex.org/I181679659"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5115591333","display_name":"Yuxin Liu","orcid":"https://orcid.org/0009-0000-6987-8741","observed_orcids":["https://orcid.org/0009-0000-6987-8741","https://orcid.org/0009-0008-7020-1621"]},"institutions":[{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yuxin Liu","raw_affiliation_strings":["School of Statistics and Management, Shanghai University of Finance and Economics, 777 Guoding Rd, Shanghai 200433, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Statistics and Management, Shanghai University of Finance and Economics, 777 Guoding Rd, Shanghai 200433, China","institution_ids":["https://openalex.org/I181679659"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5102965513","display_name":"Caihong Hu","orcid":"https://orcid.org/0000-0002-1839-6352","observed_orcids":["https://orcid.org/0000-0002-1839-6352"]},"institutions":[{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Changlong Hu","raw_affiliation_strings":["School of Statistics and Management, Shanghai University of Finance and Economics, 777 Guoding Rd, Shanghai 200433, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Statistics and Management, Shanghai University of Finance and Economics, 777 Guoding Rd, Shanghai 200433, China","institution_ids":["https://openalex.org/I181679659"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5066837547","display_name":"Zhijiu Yang","orcid":"https://orcid.org/0000-0002-8970-8050","observed_orcids":["https://orcid.org/0000-0002-8970-8050"]},"institutions":[{"id":"https://openalex.org/I111599522","display_name":"Jiangnan University","ror":"https://ror.org/04mkzax54","country_code":"CN","type":"education","lineage":["https://openalex.org/I111599522"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Zhijiu Yang","raw_affiliation_strings":["School of Business, Jiangnan University, Lihu Avenue 1800, Wuxi 214122, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Jiangnan University, Lihu Avenue 1800, Wuxi 214122, China","institution_ids":["https://openalex.org/I111599522"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5066837547"],"corresponding_institution_ids":["https://openalex.org/I111599522"],"apc_list":{"value":3490,"currency":"USD","value_usd":3490},"apc_paid":null,"fwci":11.9508,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.98271151,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":99},"biblio":{"volume":"96","issue":null,"first_page":"103691","last_page":"103691"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5756999850273132,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5756999850273132,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12225","display_name":"Political Influence and Corporate Strategies","score":0.1492999941110611,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.09799999743700027,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/polluting-enterprises","display_name":"polluting firms","score":0.9490000009536743},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.7680000066757202},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.7919999957084656},{"id":"https://openalex.org/keywords/regulatory-enforcement","display_name":"regulatory enforcement","score":0.8600000143051147},{"id":"https://openalex.org/keywords/government-support","display_name":"government support","score":0.7429999709129333},{"id":"https://openalex.org/keywords/precautionary-saving","display_name":"precautionary saving","score":0.9670000076293945},{"id":"https://openalex.org/keywords/environmental-policy-reform","display_name":"environmental policy reform","score":0.5550000071525574},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.43700000643730164}],"concepts":[{"id":"https://openalex.org/C2780837152","wikidata":"https://www.wikidata.org/wiki/Q607865","display_name":"Financialization","level":2,"score":0.8671402931213379},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6639707088470459},{"id":"https://openalex.org/C2776889888","wikidata":"https://www.wikidata.org/wiki/Q1135789","display_name":"Unintended consequences","level":2,"score":0.6265250444412231},{"id":"https://openalex.org/C2989271921","wikidata":"https://www.wikidata.org/wiki/Q919526","display_name":"Environmental policy","level":2,"score":0.4273437559604645},{"id":"https://openalex.org/C2777463520","wikidata":"https://www.wikidata.org/wiki/Q3077481","display_name":"Porter hypothesis","level":3,"score":0.42497727274894714},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.38201290369033813},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3615177273750305},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3322433531284332},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2645677924156189},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.10960230231285095},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.irfa.2024.103691","doi":"https://doi.org/10.1016/j.irfa.2024.103691","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.irfa.2024.103691","pdf_url":null,"source":{"id":"https://openalex.org/S145572626","display_name":"International Review of Financial Analysis","issn_l":"1057-5219","issn":["1057-5219","1873-8079"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Financial Analysis","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:finana:v:96:y:2024:i:pb:s1057521924006239","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S1057521924006239","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G2183716167","display_name":null,"funder_award_id":"23YJC790174","funder_id":"https://openalex.org/F4320335982","funder_display_name":"Humanities and Social Science Fund of Ministry of Education of China"},{"id":"https://openalex.org/G3916128998","display_name":null,"funder_award_id":"42401313","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320335982","display_name":"Humanities and Social Science Fund of Ministry of Education of China","ror":null}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":56,"referenced_works":["https://openalex.org/W1968384976","https://openalex.org/W1991428446","https://openalex.org/W1997977430","https://openalex.org/W2015292471","https://openalex.org/W2037275305","https://openalex.org/W2048484461","https://openalex.org/W2060032353","https://openalex.org/W2070189421","https://openalex.org/W2076751891","https://openalex.org/W2079242605","https://openalex.org/W2093421562","https://openalex.org/W2106406538","https://openalex.org/W2128368240","https://openalex.org/W2136978316","https://openalex.org/W2143557201","https://openalex.org/W2150679261","https://openalex.org/W2155106011","https://openalex.org/W2165578737","https://openalex.org/W2169683672","https://openalex.org/W2170739580","https://openalex.org/W2174122385","https://openalex.org/W2346441445","https://openalex.org/W2565491627","https://openalex.org/W2602498544","https://openalex.org/W2610934768","https://openalex.org/W2806819555","https://openalex.org/W2991745784","https://openalex.org/W3001305431","https://openalex.org/W3011160509","https://openalex.org/W3112066496","https://openalex.org/W3113269512","https://openalex.org/W3121729418","https://openalex.org/W3122374802","https://openalex.org/W3122596295","https://openalex.org/W3122637200","https://openalex.org/W3123796034","https://openalex.org/W3125053432","https://openalex.org/W3125353045","https://openalex.org/W3143742655","https://openalex.org/W3154229503","https://openalex.org/W3154288346","https://openalex.org/W3214109326","https://openalex.org/W4207003363","https://openalex.org/W4224951283","https://openalex.org/W4225148537","https://openalex.org/W4226490131","https://openalex.org/W4280576599","https://openalex.org/W4283066129","https://openalex.org/W4296916547","https://openalex.org/W4309920854","https://openalex.org/W4327985083","https://openalex.org/W4362586889","https://openalex.org/W4367185433","https://openalex.org/W4382542246","https://openalex.org/W4387580198","https://openalex.org/W4389371431"],"related_works":["https://openalex.org/W4400595017","https://openalex.org/W4391288512","https://openalex.org/W4323347410","https://openalex.org/W4408312898","https://openalex.org/W7164657807","https://openalex.org/W4407712181","https://openalex.org/W4283691237","https://openalex.org/W7126240720","https://openalex.org/W7152364826","https://openalex.org/W4382700865"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":4}],"updated_date":"2026-10-25T09:29:13.331239","created_date":"2024-10-23T00:00:00"}