Does environmental information disclosure affect green innovation?

Zhiqiang Lu and Hongyu Li

Economic Analysis and Policy, 2023, vol. 80, issue C, 47-59

Abstract: Environmental information disclosure (EID) is a critical element of corporate disclosure that can demonstrate companies’ dedication to environmental protection to stakeholders who are concerned about the environment. Using green patent data of Chinese listed companies, this paper tests the influence of EID on green innovation (GI) and the regulating role of digital transformation. Results show that EID has a positive impact on GI and that the relationship is significantly influenced by corporate digital transformation. Additionally, the moderating effect of digital transformation is more significant with high information opacity, financing dependence, and social attention. This study contributes to the literature on the perspective of firm-level voluntary information disclosure and proposes a more comprehensive logical analysis framework for the effect of EID on GI. Moreover, digital transformation can assist companies in identifying and disclosing environmental information more accurately, which increases the effectiveness of EID. Lastly, the findings emphasize the policy implications of utilizing digital technology for EID and the vital role of government regulation and guidance in EID.

Keywords: Environmental information disclosure (EID); Green innovation (GI); Digital transformation; Information asymmetry (search for similar items in EconPapers)
JEL-codes: G30 O30 O32 Q50 Q56 Q58 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:80:y:2023:i:c:p:47-59

DOI: 10.1016/j.eap.2023.07.011

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