The impact of environmental information disclosure quality on green innovation of high-polluting enterprises

Frontiers in Psychology

article

Lizhao Du¹  Xinpu Wang¹  Jie Peng²  Gaoyang Jiang³  Suhao Deng¹ 

[1] School of Economics and Management, Lanzhou Jiaotong University;Jiangsu Institute of Industrial Development Research, Nanjing University of Finance and Economics;Institute of Food and Strategic Reserves, Nanjing University of Finance and Economics

关键词: Environmental disclosure quality;    green innovation;    financing constraints;    Cash Reserves;    High-polluting enterprises;   

DOI  :  10.3389/fpsyg.2022.1069354

学科分类：社会科学、人文和艺术（综合）

来源: Frontiers

【 摘 要 】

With the gradual increase of social awareness of environmental protection, environmental information disclosure has become the key for enterprises to accept social supervision and fulfill their social responsibility. Using high-polluting enterprises with Chinese A-share listings from 2008 to 2021, this study examines the impact of environmental information disclosure quality on green innovation. The results show that the improvement of environmental information disclosure quality of high-polluting enterprises can significantly improve the quantity and quality of green innovation of enterprises and are mediated by alleviating financing constraints and enhancing cash reserves. Moreover, improving the quality of environmental information disclosure of highly polluting enterprises has a more significant contribution to the quantity and quality of green patents of non-state owned enterprises, enterprises located in central and eastern China, and large enterprises. The findings of this paper provide theoretical support for achieving a "win-win" situation of environmental protection and green innovation.

【 授权许可】

CC BY