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Environmental information disclosure and corporate innovation: The “Inverted U-shaped” regulating effect of media attention

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  • Luo, Yuanda
  • Xiong, Guobao
  • Mardani, Abbas

Abstract

Based on the data of Chinese A-share listed companies from 2011 to 2019, this paper uses the multiple regression method to explore the relationship between environmental information disclosure and corporate innovation, which is divided into exploratory innovation and exploitative innovation according to heterogeneity and investigates the impact of media attention on the relationship. The results show that: (1) Environmental information disclosure significantly promotes corporate innovation. (2) Environmental information disclosure promotes exploratory innovation more significantly than exploitative innovation. (3) Media attention has an “inverted U-shaped” regulating effect on the relationship between environmental information disclosure and corporate innovation. This study is expected to guide enterprises to scientifically carry out environmental information disclosure activities and direct the media to play its role in information dissemination and external corporate governance. Additionally, it can provide new ideas for corporate innovation.

Suggested Citation

  • Luo, Yuanda & Xiong, Guobao & Mardani, Abbas, 2022. "Environmental information disclosure and corporate innovation: The “Inverted U-shaped” regulating effect of media attention," Journal of Business Research, Elsevier, vol. 146(C), pages 453-463.
    • Handle: RePEc:eee:jbrese:v:146:y:2022:i:c:p:453-463
    DOI: 10.1016/j.jbusres.2022.03.089
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    1. Bo Zeng & Weimin Zhang & Defang Ma & Chenyang Zhang & Xiao Liu, 2023. "The Impact of Group Control on the Effectiveness of Enterprise Innovation: An Empirical Study," Sustainability, MDPI, vol. 15(13), pages 1-15, July.
    2. Erli Dan & Jianfei Shen & Yiwei Guo, 2023. "Corporate Sustainable Growth, Carbon Performance, and Voluntary Carbon Information Disclosure: New Panel Data Evidence for Chinese Listed Companies," Sustainability, MDPI, vol. 15(5), pages 1-27, March.
    3. Ho, Kung-Cheng & Shen, Xixi & Yan, Cheng & Hu, Xiang, 2023. "Influence of green innovation on disclosure quality: Mediating role of media attention," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    4. Wei‐jian Li & Wei Zhu & Bin Wang, 2023. "The impact of creating shared value strategy on corporate sustainable development: From resources perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2362-2384, September.
    5. Dingru Liu & Shanyue Jin, 2023. "How Does Corporate ESG Performance Affect Financial Irregularities?," Sustainability, MDPI, vol. 15(13), pages 1-16, June.

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