Can Financial Constraints And Regulatory Distance Reduce Corporate Environmental Irresponsibility?

As global environmental problems become increasingly severe, environmental accounting and corporate social (environmental) responsibility have become hot topics in research, but there is still a lack of clear understanding of corporate environmental irresponsibility(CEIR) and the driving factors behind this behavior. Our research aims to reveal the factors affecting corporate environmental irresponsibility from internal and external perspectives. Taking 399 A-share listed companies in China's heavily polluting industries as the research objects, this paper empirically analyzes the influence path and internal mechanism of financial constraints and regulatory distance on CEIR. This paper shows that both financial constraints and physical regulatory distance are positively correlated with corporate environmental irresponsibility in China, and the positive correlation between physical regulatory distance and CEIR. In addition, financial constraints and regulatory distance have a complementary effect on corporate environmental irresponsibility. These findings can reduce the environmental risks posed by enterprises and help them avoid CEIR