IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v65y2025i4p3618-3632.html

Does Climate Risk Attention Sensitivity Affect Corporate Green Innovation? Evidence From China

Author

Listed:
  • Xu Gong
  • Qin Liao
  • Wenzhou Qu
  • Wuqi Song

Abstract

Public concern about climate risk is growing, yet companies respond to these concerns differently, exhibiting varying degrees of sensitivity. We measure corporate climate risk attention sensitivity by analysing the relationship between stock excess returns and public climate concerns. Our findings indicate that greater sensitivity to climate risk concerns promotes both the quantity and quality of firms' green innovation. Mechanism analysis suggests that this positive effect is primarily driven by increased environmental investment. Cross‐sectional analysis further reveals that this effect is more pronounced in firms with negative climate risk concern sensitivity, those operating in manufacturing industries, and firms subject to stringent regional environmental enforcement.

Suggested Citation

  • Xu Gong & Qin Liao & Wenzhou Qu & Wuqi Song, 2025. "Does Climate Risk Attention Sensitivity Affect Corporate Green Innovation? Evidence From China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(4), pages 3618-3632, December.
    • Handle: RePEc:bla:acctfi:v:65:y:2025:i:4:p:3618-3632
    DOI: 10.1111/acfi.70067
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.70067
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.70067?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:65:y:2025:i:4:p:3618-3632. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.