The Impact of Carbon Information Disclosure Quality on Enterprise Value: Evidence from Chinese Listed Companies

Sustainability, Год журнала: 2025, Номер 17(2), С. 402 - 402

Опубликована: Янв. 7, 2025

In the context of increasing carbon emissions and strengthening regulatory measures, an number stakeholders are paying more attention to corporate information. To further explore relationship between quality information disclosure enterprise value, this study uses a sample companies listed on Shanghai Shenzhen stock exchanges from 2013 2021. The aim is investigate link while also analyzing role green innovation in relationship. empirical results show that can significantly enhance with playing mediating effect. After robustness checks, including replacing measurement variables addressing endogeneity issues, conclusions remain valid. Further analysis reveals effect enhancing value pronounced non-high-pollution industries, non-state-owned enterprises, firms located eastern regions. This provides valuable insights for future policy optimization related promotion low-carbon development enterprises.

Язык: Английский

The role of high-tech certification in enterprise green innovation: from the perspectives of substantive innovation and strategic innovation

Frontiers in Environmental Science, Год журнала: 2025, Номер 13

Опубликована: Март 10, 2025

Sustainable development comes from a balance between economic growth and environmental protection, with due consideration of long-term impacts on environment. Leveraging policy tools to promote green innovation is critical strategy for achieving this objective. This paper examines the impact high-tech certification corporate innovation, distinguishing substantive strategic innovation. It develops theoretical framework analyze how influences enterprise through mechanisms such as tax preferences, government subsidies, financing constraints, leveraging capital market attention. The study employs zero-inflated negative binomial regression model utilizes data A-share listed companies 2006 2023 systematically assess strategies, underlying mechanisms, their heterogeneity. research discovers that in general, significantly promotes having more prominent facilitating effect resulting certain degree patent false prosperity. From perspective increases resources actually obtained by enterprises preferences subsidies alleviates thereby guiding undertake innovation; while enhancing attention expected enterprises, prompting be inclined towards Further analysis reveals varies across different ownership structures, industries, regions. Specifically, state-owned technology-intensive sectors, located central regions, positive particularly pronounced. contributes literature strategies offering robust empirical evidence optimizing design, mitigating arbitrage, preventing bubbles.

Язык: Английский

Can Green CEOs Trigger the Green Premium Effect?

Finance research letters, Год журнала: 2025, Номер unknown, С. 107376 - 107376

Опубликована: Апрель 1, 2025

Язык: Английский