Natural extreme events, government subsidies and corporate environment responsibility: Evidence from China's energy sector

Abstract

This study aims to investigate the impact of natural extreme events on corporate environmental responsibility and the role of government subsidies in this relationship for listed Chinese energy firms over the period 2010–2020. The results show that natural extreme events have a positive impact on corporate environment responsibility, but higher government subsidies may inhibit this positive correlation. This study suggests that government subsidies exert a negative impact on environmental responsibility for listed energy firms.