Environmental information disclosure and corporate green technological innovation in China — Considering the moderating effect of financing constraints and public attention

Yuanchao Zhang, Lingjun Li, Xinlei Huang, Yongdong Chai and Ying Ji

International Review of Economics & Finance, 2025, vol. 103, issue C

Abstract: Environmental information disclosure (EID) can compel companies to achieve energy conservation and emission reduction and enable other stakeholders to monitor corporate business operations in a timely manner. This study employed panel OLS models, fixed-effect models, and instrumental variable methods to investigate the impact of EID on green technological innovation from a micro perspective. The findings revealed that: (1) there was a U-shaped relationship between corporate EID and green technological innovation; (2) financing constraints could lead companies to abandon certain research and development efforts in technological innovation, negatively moderating the influence of EID on green technological innovation, while heightened public concern for ecological issues encouraged companies to prioritize environmental governance, positively moderating its influence; (3) high-tech demanding companies encountered greater challenges in leveraging EID to promote green technological innovation than low-tech demanding firms; (4) state-owned enterprises (SOEs) placed greater emphasis on the improvements in green technological innovation compared to non-SOEs.

Keywords: Environmental information disclosure; Green technological innovation; Environmental regulation; Financing constraints; Public attention (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:103:y:2025:i:c:s1059056025006501

DOI: 10.1016/j.iref.2025.104487

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