The Impact of Economic Policy Uncertainty on Enterprise Green Innovation: A Study on the Moderating Effect of Carbon Information Disclosure

Xu Luo, Mengke Yu () and Yongsheng Jin
Additional contact information
Xu Luo: School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing 100876, China
Mengke Yu: School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing 100876, China
Yongsheng Jin: School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing 100876, China

Sustainability, 2023, vol. 15, issue 6, 1-17

Abstract: In the context of achieving carbon peaking and carbon neutrality, China has introduced a series of policies to encourage enterprises to adopt green innovation behavior. However, enterprises are faced with an uncertain policy environment surrounding green innovation decision-making; the mechanisms that influence these decisions are poorly understood; and the regulatory role of carbon information disclosure quality against the background of the dual carbon goals is unclear. We found that the increase in economic policy uncertainty is not conducive to enterprises’ decision-making on green innovation. However, an increase in the quality of carbon information disclosure can promote green innovation in enterprises. Additionally, the quality of carbon information disclosure plays a moderating role in economic policy uncertainty and corporate green innovation. Enterprises can mitigate the negative impact of economic policy uncertainty on corporate green innovation by ensuring high-quality carbon information disclosure to adapt to national policies and improve the level of innovation.

Keywords: economic policy uncertainty; enterprise green innovation; carbon information disclosure (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/6/4915/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/6/4915/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:6:p:4915-:d:1092827

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().