China Policy Journal Volume 1, Number 1, Fall 2018 | Page 124

Environmental Performance Rating and Disclosure: An Empirical Investigation in Jiangsu, China
Table 3. Distributions of Sample Firms During 1997-2001
Total Number of Rated (R) and Nonrated (NR) Firms by City and Year
Year Status Huaian Wuxi Yangzhou Zhenjiang Total
1997 a Unrated 42 33 64 89 228
1998 a Unrated 46 26 71 81 224
1999 a Unrated 46 32 76 12 166
Rated 57 57
2000 Unrated 54 43 68 13 178
Rated 78 78
2001 Unrated 16 1 13 131 161
Rated 39 69 59 91 258
1997-2001 Unrated 204 135 292 326 957
Rated 39 69 59 226 393
Total 243 204 351 552 1,350
Distribution of Rated Firms by Rating Colors*
Green Blue Yellow Red Black Rated
ZhenJiang
(1999)
1
(1.75)
34
(59.65)
17
(29.82)
4
(7.02)
1
(1.75)
57
Zhenjiang
(2000)
2
(2.56)
48
(61.54)
19
(24.36)
8
(10.26)
1
(1.28)
78
Huai’an
(2001)
2
(5.13)
29
(74.36)
4
(10.26)
3
(7.69)
1
(2.56)
39
Wuxi
(2001)
15
(21.74)
20
(28.99)
20
(28.99)
8
(10.59)
6
(8.70)
69
Yangzhou
(2001)
2
(3.39)
52
(88.14)
5
(8.47)
0
(0.00)
0
(0.00)
59
Zhenjiang
(2001)
2
(2.20)
60
(65.93)
20
(21.98)
7
(7.69)
2
(2.20)
91
All cities
(1998-2001)
24
(6.11)
243
(61.83)
85
(21.63)
30
(7.63)
11
(2.80)
393
*Figures in parentheses represent the percent of firms by rating colors.
a
Green Watch began in Zhenjiang in 1999 and in the other three cities in 2001. Thus, no firms were
rated in 1997 and 1998, and only some firms in Zhenjiang were rated in 1999 and 2000.
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