Formal trust is an important formal institution that may significantly impact the environment. This study uses regional distrust environment as a reverse proxy variable for formal trust and studies the impact of formal trust on corporate sulfur dioxide emissions. This study finds that the environment of distrust significantly increases the sulfur dioxide emission levels of enterprises, which means that formal trust affects the environmental management strategies of enterprises. This study also finds that some other formal institutional factors, which include marketization, the development of intermediate organizations, the legal system environment, and GDP levels, have moderating effects on the impact of distrust environment on corporate sulfur dioxide emissions. In addition, climatic conditions including temperature, humidity, and precedence, as well as the location of the enterprise, have certain moderation effects. Mechanism analysis indicates that distrust environment affects corporate sulfur dioxide emissions through the increase in coal sulfur content in enterprise production, the decrease in exhaust gas processing capacity, the reduction in financing capacity, and the decline in social and environmental responsibilities. Finally, this study finds through further analysis that the local government appears to have noticed this negative impact, and the regions with a distrust environment tend to increase their environmental regulation intensity.

中文翻译：

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正规机构下的空气污染：不信任环境的作用


正式信托是一种重要的正式机构，可能会对环境产生重大影响。本研究使用区域不信任环境作为正式信任的反向代理变量，并研究正式信任对企业二氧化硫排放的影响。本研究发现，不信任环境显著提高了企业的二氧化硫排放水平，这意味着正式信任会影响企业的环境管理策略。本研究还发现，其他一些正规制度因素，包括市场化、中间组织的发展、法律制度环境和 GDP 水平，对不信任环境对企业二氧化硫排放的影响具有调节作用。此外，温度、湿度和优先级等气候条件以及企业的位置也具有一定的调节作用。机理分析表明，不信任环境通过企业生产中煤硫含量的增加、废气处理能力的下降、融资能力的降低以及社会和环境责任的下降来影响企业二氧化硫排放。最后，通过进一步分析发现，地方政府似乎已经注意到了这种负面影响，不信任环境的地区往往会加大其环境监管力度。