Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game
In the context of corporate environmental investment (EI), this paper designs an experiment on public goods game without punishment and an experiment on that game with third-party punishment (TPP). Then, the influence of IEP and TPP mechanism on corporate EI behaviors was tested in details. The resu...
Saved in:
| Main Authors: | , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/6192629 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832556526019018752 |
|---|---|
| author | Yuling Liao Liang Zhang Siying Lei Meizhe Song Wenkang Deng Daofu Hu |
| author_facet | Yuling Liao Liang Zhang Siying Lei Meizhe Song Wenkang Deng Daofu Hu |
| author_sort | Yuling Liao |
| collection | DOAJ |
| description | In the context of corporate environmental investment (EI), this paper designs an experiment on public goods game without punishment and an experiment on that game with third-party punishment (TPP). Then, the influence of IEP and TPP mechanism on corporate EI behaviors was tested in details. The results show that different enterprises vary in IEP and took heterogenous behaviors in the two corporate EI experiments; the introduction of TPP pushed up the environmental resource investment of enterprises and increased the success rate of EI cooperation; IEP and TPP exerted a significantly positive influence on corporate EI behaviors; the introduction of TPP, coupled with the consideration of corporate IEP, can effectively elevate corporate EI and improve the eco-environment. |
| format | Article |
| id | doaj-art-dc7bdd5e6f99410dbf41b002e07767fc |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-dc7bdd5e6f99410dbf41b002e07767fc2025-02-03T05:45:11ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/61926296192629Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods GameYuling Liao0Liang Zhang1Siying Lei2Meizhe Song3Wenkang Deng4Daofu Hu5College of Business Administration, Hunan University of Finance and Economics, Changsha 410205, ChinaHunan Xingxiang Emerging Industry Investment Fund Management Co., Ltd., Changsha 410023, ChinaCollege of Business Administration, Hunan University of Finance and Economics, Changsha 410205, ChinaCollege of Finance, Hunan University of Finance and Economics, Changsha 410205, ChinaCollege of Business Administration, Hunan University of Finance and Economics, Changsha 410205, ChinaCollege of Business Administration, Hunan University of Finance and Economics, Changsha 410205, ChinaIn the context of corporate environmental investment (EI), this paper designs an experiment on public goods game without punishment and an experiment on that game with third-party punishment (TPP). Then, the influence of IEP and TPP mechanism on corporate EI behaviors was tested in details. The results show that different enterprises vary in IEP and took heterogenous behaviors in the two corporate EI experiments; the introduction of TPP pushed up the environmental resource investment of enterprises and increased the success rate of EI cooperation; IEP and TPP exerted a significantly positive influence on corporate EI behaviors; the introduction of TPP, coupled with the consideration of corporate IEP, can effectively elevate corporate EI and improve the eco-environment.http://dx.doi.org/10.1155/2021/6192629 |
| spellingShingle | Yuling Liao Liang Zhang Siying Lei Meizhe Song Wenkang Deng Daofu Hu Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game Discrete Dynamics in Nature and Society |
| title | Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game |
| title_full | Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game |
| title_fullStr | Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game |
| title_full_unstemmed | Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game |
| title_short | Third-Party Punishment Mechanism and Corporate Cooperation in Environmental Investment: Experiments on Public Goods Game |
| title_sort | third party punishment mechanism and corporate cooperation in environmental investment experiments on public goods game |
| url | http://dx.doi.org/10.1155/2021/6192629 |
| work_keys_str_mv | AT yulingliao thirdpartypunishmentmechanismandcorporatecooperationinenvironmentalinvestmentexperimentsonpublicgoodsgame AT liangzhang thirdpartypunishmentmechanismandcorporatecooperationinenvironmentalinvestmentexperimentsonpublicgoodsgame AT siyinglei thirdpartypunishmentmechanismandcorporatecooperationinenvironmentalinvestmentexperimentsonpublicgoodsgame AT meizhesong thirdpartypunishmentmechanismandcorporatecooperationinenvironmentalinvestmentexperimentsonpublicgoodsgame AT wenkangdeng thirdpartypunishmentmechanismandcorporatecooperationinenvironmentalinvestmentexperimentsonpublicgoodsgame AT daofuhu thirdpartypunishmentmechanismandcorporatecooperationinenvironmentalinvestmentexperimentsonpublicgoodsgame |