Employing Rule No. 18 of the China Communist Party for independent directors in 2014 as a quasi -exogenous shock, our paper investigates the effects of political connection disruptions on firms' environmental performance in heavily polluting industries. We find that political connection disruptions will worsen firms' environmental performance, which reduces firms' environmental investment by 37.65%. Further analysis shows that this effect supports the government intervention hypothesis rather than the government resource hypothesis. This effect is especially prominent for firms that are in low...
