{"id":"https://openalex.org/W4399594920","doi":"https://doi.org/10.1108/k-12-2023-2623","title":"Compulsory environmental pollution liability insurance and\u00a0corporate risk taking: a\u00a0difference-in-difference approach","display_name":"Compulsory environmental pollution liability insurance and\u00a0corporate risk taking: a\u00a0difference-in-difference approach","publication_year":2024,"publication_date":"2024-06-11","ids":{"openalex":"https://openalex.org/W4399594920","doi":"https://doi.org/10.1108/k-12-2023-2623"},"language":"en","primary_location":{"id":"doi:10.1108/k-12-2023-2623","is_oa":false,"landing_page_url":"http://dx.doi.org/10.1108/k-12-2023-2623","pdf_url":null,"source":{"id":"https://openalex.org/S168682784","display_name":"Kybernetes","issn_l":"0368-492X","issn":["0368-492X","1758-7883"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kybernetes","raw_type":"journal-article"},"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/A5100320010","display_name":"Sheng Liu","orcid":"https://orcid.org/0000-0003-2731-9591"},"institutions":[{"id":"https://openalex.org/I186272606","display_name":"Guangdong University of Foreign Studies","ror":"https://ror.org/00fhc9y79","country_code":"CN","type":"education","lineage":["https://openalex.org/I186272606"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Sheng Liu","raw_affiliation_strings":["Institute of Studies for the Greater Bay Area, Guangdong University of Foreign Studies , ,"],"affiliations":[{"raw_affiliation_string":"Institute of Studies for the Greater Bay Area, Guangdong University of Foreign Studies , ,","institution_ids":["https://openalex.org/I186272606"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062736741","display_name":"Qing Mai","orcid":"https://orcid.org/0000-0003-0563-5622"},"institutions":[{"id":"https://openalex.org/I4210149618","display_name":"Guangdong University of Finance","ror":"https://ror.org/04grzdh47","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210149618"]},{"id":"https://openalex.org/I201459984","display_name":"Guangdong University Of Finances and Economics","ror":"https://ror.org/0459pv085","country_code":"CN","type":"education","lineage":["https://openalex.org/I201459984"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qing Mai","raw_affiliation_strings":["School of Public Finance and Taxation, Guangdong University of Finance and Economics , ,"],"affiliations":[{"raw_affiliation_string":"School of Public Finance and Taxation, Guangdong University of Finance and Economics , ,","institution_ids":["https://openalex.org/I201459984","https://openalex.org/I4210149618"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5079051512","display_name":"Xiuying Chen","orcid":"https://orcid.org/0000-0002-8155-2549"},"institutions":[{"id":"https://openalex.org/I201459984","display_name":"Guangdong University Of Finances and Economics","ror":"https://ror.org/0459pv085","country_code":"CN","type":"education","lineage":["https://openalex.org/I201459984"]},{"id":"https://openalex.org/I4210149618","display_name":"Guangdong University of Finance","ror":"https://ror.org/04grzdh47","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210149618"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xiuying Chen","raw_affiliation_strings":["School of Economics and Trade, Guangdong University of Finance , ,"],"affiliations":[{"raw_affiliation_string":"School of Economics and Trade, Guangdong University of Finance , ,","institution_ids":["https://openalex.org/I4210149618","https://openalex.org/I201459984"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5100320010"],"corresponding_institution_ids":["https://openalex.org/I186272606"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.06487806,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"54","issue":"9","first_page":"4658","last_page":"4684"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9763000011444092,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9763000011444092,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.9724000096321106,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.954200029373169,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6555770039558411},{"id":"https://openalex.org/keywords/liability","display_name":"Liability","score":0.5106003880500793},{"id":"https://openalex.org/keywords/sustainable-development","display_name":"Sustainable development","score":0.4900132715702057},{"id":"https://openalex.org/keywords/sustainability","display_name":"Sustainability","score":0.44323185086250305},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.4373214840888977},{"id":"https://openalex.org/keywords/environmental-pollution","display_name":"Environmental pollution","score":0.42344826459884644},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.34334883093833923},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.341958612203598},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2875162959098816},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.24311122298240662},{"id":"https://openalex.org/keywords/environmental-protection","display_name":"Environmental protection","score":0.12868118286132812}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6555770039558411},{"id":"https://openalex.org/C2777834853","wikidata":"https://www.wikidata.org/wiki/Q96776939","display_name":"Liability","level":2,"score":0.5106003880500793},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.4900132715702057},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.44323185086250305},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.4373214840888977},{"id":"https://openalex.org/C2909468537","wikidata":"https://www.wikidata.org/wiki/Q58734","display_name":"Environmental pollution","level":2,"score":0.42344826459884644},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.34334883093833923},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.341958612203598},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2875162959098816},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.24311122298240662},{"id":"https://openalex.org/C526734887","wikidata":"https://www.wikidata.org/wiki/Q832237","display_name":"Environmental protection","level":1,"score":0.12868118286132812},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C39432304","wikidata":"https://www.wikidata.org/wiki/Q188847","display_name":"Environmental science","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/k-12-2023-2623","is_oa":false,"landing_page_url":"http://dx.doi.org/10.1108/k-12-2023-2623","pdf_url":null,"source":{"id":"https://openalex.org/S168682784","display_name":"Kybernetes","issn_l":"0368-492X","issn":["0368-492X","1758-7883"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kybernetes","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Responsible consumption and production","score":0.4099999964237213,"id":"https://metadata.un.org/sdg/12"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":68,"referenced_works":["https://openalex.org/W106383174","https://openalex.org/W1571435422","https://openalex.org/W1892248546","https://openalex.org/W1975805572","https://openalex.org/W1979066558","https://openalex.org/W2004463963","https://openalex.org/W2008301397","https://openalex.org/W2012492952","https://openalex.org/W2013842324","https://openalex.org/W2015336880","https://openalex.org/W2021033891","https://openalex.org/W2026217192","https://openalex.org/W2029557271","https://openalex.org/W2037223916","https://openalex.org/W2048801439","https://openalex.org/W2068124761","https://openalex.org/W2084952308","https://openalex.org/W2090602304","https://openalex.org/W2113003288","https://openalex.org/W2121132619","https://openalex.org/W2123343520","https://openalex.org/W2132075228","https://openalex.org/W2142605770","https://openalex.org/W2213975463","https://openalex.org/W2224218618","https://openalex.org/W2565736437","https://openalex.org/W2770116749","https://openalex.org/W2806300176","https://openalex.org/W2911631446","https://openalex.org/W2913185436","https://openalex.org/W3022248576","https://openalex.org/W3036726638","https://openalex.org/W3118488739","https://openalex.org/W3121234917","https://openalex.org/W3121679822","https://openalex.org/W3121743111","https://openalex.org/W3122324798","https://openalex.org/W3122389139","https://openalex.org/W3123055067","https://openalex.org/W3123506789","https://openalex.org/W3123822488","https://openalex.org/W3123943331","https://openalex.org/W3123978637","https://openalex.org/W3124020978","https://openalex.org/W3124319942","https://openalex.org/W3124775577","https://openalex.org/W3125457797","https://openalex.org/W3125499115","https://openalex.org/W3125645407","https://openalex.org/W3126012573","https://openalex.org/W3126058000","https://openalex.org/W3126118385","https://openalex.org/W3137756754","https://openalex.org/W3155688110","https://openalex.org/W3205702258","https://openalex.org/W4205853270","https://openalex.org/W4229061969","https://openalex.org/W4233156880","https://openalex.org/W4281850669","https://openalex.org/W4294219425","https://openalex.org/W4297235774","https://openalex.org/W4298113425","https://openalex.org/W4298948788","https://openalex.org/W4317930666","https://openalex.org/W4319336159","https://openalex.org/W4361278748","https://openalex.org/W4382655473","https://openalex.org/W4388595135"],"related_works":["https://openalex.org/W1498090503","https://openalex.org/W4206396619","https://openalex.org/W3032739460","https://openalex.org/W1544681840","https://openalex.org/W4214885392","https://openalex.org/W2970367016","https://openalex.org/W4223425174","https://openalex.org/W2050473667","https://openalex.org/W4283813430","https://openalex.org/W1789644438"],"abstract_inverted_index":{"Purpose":[0],"Many":[1],"developing":[2,29],"countries":[3,30],"have":[4],"encountered":[5],"frequent":[6],"pollution":[7,38,68],"accidents":[8],"during":[9],"their":[10],"rapid":[11],"development,":[12],"while":[13],"the":[14,23,62,77,86,94,105,110,145,184,187],"previously":[15],"weak":[16],"environmental":[17,37,51,67,137,173,206,213],"insurance":[18,70],"systems":[19],"could":[20],"seriously":[21],"undermine":[22],"progress":[24],"of":[25,80,83,96,127,136,142,186],"sustainable":[26,212],"development.":[27],"Some":[28],"like":[31],"China":[32,84],"has":[33],"initiated":[34],"and":[35,119,195,200,209],"strengthened":[36],"liability":[39,69],"insurance,":[40],"so":[41],"how":[42],"effective":[43],"this":[44],"system":[45],"would":[46,74],"be":[47,55],"in":[48,99,150,168],"resolving":[49],"enterprises":[50],"risks":[52],"need":[53],"to":[54,76],"further":[56],"revealed.":[57],"Design/methodology/approach":[58],"This":[59,181],"research":[60],"identifies":[61],"possible":[63],"consequence":[64],"that":[65],"compulsory":[66],"pilot":[71],"(CEPLIP)":[72],"policy":[73,98,107,146,189],"bring":[75],"risk-taking":[78,102,112],"capacity":[79,113],"heavy-polluting":[81],"corporations":[82],"by":[85,114,190],"Differences-in-Differences":[87],"(DID)":[88],"approach.":[89],"Findings":[90],"The":[91],"result":[92,141],"supports":[93],"implementation":[95],"CEPLIP":[97,106,188],"increasing":[100,205],"corporate":[101],"capacity.":[103],"Furthermore,":[104],"can":[108],"promote":[109],"corporate\u2019s":[111],"reducing":[115],"financial":[116],"distress":[117],"constraints":[118],"enhancing":[120],"trade":[121],"credit,":[122],"supporting":[123],"its":[124,192],"dual":[125],"role":[126],"\u201cfallback":[128],"effect\u201d":[129,135],"as":[130,132],"well":[131],"\u201cexternal":[133],"supervision":[134,193],"insurance.":[138],"As":[139],"a":[140],"heterogeneity":[143],"test,":[144],"is":[147,165],"more":[148,166,211],"pronounced":[149],"enterprise":[151,169],"samples":[152,170],"with":[153],"mature":[154],"life":[155],"cycle":[156],"stage":[157],"or":[158,176],"lower":[159],"industrial":[160],"concentration":[161],"degree.":[162],"Similarly,":[163],"it":[164],"significant":[167],"owned":[171],"better":[172],"management":[174,215],"capabilities":[175],"greater":[177],"strategic":[178],"deviance.":[179],"Originality/value":[180],"paper":[182],"verifies":[183],"effectiveness":[185],"strengthening":[191],"mechanism":[194],"restraining":[196],"opportunistic":[197],"behavior":[198],"tendency":[199],"provides":[201],"implications":[202],"for":[203],"alleviating":[204],"risk":[207],"pressure":[208],"building":[210],"protection":[214],"systems.":[216]},"counts_by_year":[],"updated_date":"2026-01-25T23:04:38.658462","created_date":"2025-10-10T00:00:00"}