The Power of Green Communication: A Dual Path to Enhanced Corporate Resilience Through Environmental Information Disclosure

Yemeng Sun, Xiaoxia Zhang () and Guoyu Yang
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Yemeng Sun: Centre for Quantitative Economics, Jilin University, Changchun 130012, China
Xiaoxia Zhang: School of Business and Management, Jilin University, Changchun 130012, China
Guoyu Yang: School of Economics and Management, Northeast Normal University, Changchun 130117, China

Sustainability, 2025, vol. 17, issue 3, 1-23

Abstract: In a highly volatile environment, strengthening resilience is essential for businesses to promote sustainable development, and environmental information disclosure (EID), as a crucial approach for companies to actively practice the concept of green development, has far-reaching impacts on the enhancement of corporate resilience (CR). To explore ways to efficiently enhance the sustainability of enterprises, this research, based on information asymmetry theory, investigates how EID affects CR, using data from China’s A-share-listed companies between 2011 and 2022. The study indicates that the effect of EID on CR was significantly positive at the 1% level. Mediation analysis suggests that this effect is facilitated by heightened investor attention and enhanced corporate innovation. Additionally, the positive impact is more pronounced for firms in high uncertainty environments, high levels of legalization, high levels of digital transformation, non-state-owned firms, small-scale firms, and firms in growth or decline. Based on this, EID is of great significance to enhance the resilience of enterprises, and policymakers, business managers, and investors should take into account their own development situation and the actual environment, and make scientific decisions according to local conditions.

Keywords: environmental information disclosure; corporate resilience; investor attention; corporate innovation; digital transformation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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