Climate-related disclosures under the TCFD framework and business green innovation: Evidence from China A-share companies

Yongjun Gao, Norman Mohd Saleh, Ahmad Monir Abdullah and Syaima Adznan

Finance Research Letters, 2024, vol. 63, issue C

Abstract: This study examines the influence of climate-related disclosures on business green innovation among a sample of Chinese A-share listed companies from 2009 to 2021. Based on the framework for Task Force on Climate-related Financial Disclosures, measurements of climate-related disclosures and indicators of four dimensions were made using machine learning and entropy methodologies. Findings show that climate-related disclosures positively influence business green innovation. However, the dimension of governance is negatively related to corporate green innovation. The association between climate-related disclosures and business green innovation is partially mediated by debt financing costs.

Keywords: Climate-related disclosures; TCFD; Green innovation; Machine learning (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003404

DOI: 10.1016/j.frl.2024.105310

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