Fig 1.
The actual utilization of Foreign Investment in China from 2008 to 2021.
Source: The National Bureau of Statistics Website.
Fig 2.
China’s stock of OFDI trend from 2008-2021.
Source: The National Bureau of Statistics Website.
Fig 3.
Conceptual flowchart of the empirical research.
Fig 4.
China’s listed firms’ IFDI trend from 2011-2022.
Source: The National Bureau of Statistics Website.
Fig 5.
China’s listed firms’ OFDI trend from 2011-2022.
Source: The National Bureau of Statistics Website.
Table 1.
Measurement of corporate environmental disclosure (EDM).
Table 2.
Variable and symbol.
Table 3.
Hausman test.
Table 4.
Unit root tests.
Table 5.
Descriptive statistics and VIF analysis.
Table 6.
Benchmark Model.
Table 7.
Endogenous Test.
Table 8.
GMM results.
Table 9.
Robustness Test I.
Table 10.
Robustness Test II.
Table 11.
Robustness Test III.
Table 12.
Heterogeneity test I.
Table 13.
Heterogeneity test II.
Table 14.
Heterogeneity test III.
Table 15.
Moderating effect of EDM.
Table 16.
Moderating effect of Innovation.