Environmental information disclosure, green finance, and corporate investment efficiency

Xiao Li, Furong Mo and Xinfang Li

Finance Research Letters, 2025, vol. 82, issue C

Abstract: Under the impetus of the "Dual Carbon" goals, enhancing corporate investment efficiency and fostering green low-carbon transition have become critical to achieving high-quality development. Utilizing panel data from China’s A-share listed companies 2013–2023, this study investigates the impact of environmental information disclosure on corporate investment efficiency and its underlying mechanisms. The results indicate that environmental information disclosure significantly improves corporate investment efficiency. Green finance mediates the relationship between environmental information disclosure and corporate investment efficiency. Furthermore, the positive effect of environmental information disclosure on corporate investment efficiency is more pronounced in state-owned enterprises and heavily polluting industries.

Keywords: Environmental information disclosure; Green finance; Corporate investment efficiency (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:82:y:2025:i:c:s1544612325008530

DOI: 10.1016/j.frl.2025.107594

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