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Relationship between carbon disclosure quality, green innovation and organizational performance under the background of carbon neutrality

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  • Ma, Anmiao

Abstract

Chinese listed firms encounter challenges in effectively leveraging carbon disclosure and green technology innovation to enhance sustainability performance amid evolving regulatory and market landscapes. Employing a decade of panel data from Chinese listed firms, this study empirically analyzes the interplay between carbon disclosure quality, green technology innovation, and corporate performance, with a comparative focus on state-owned enterprises (SOEs) and non-SOEs. The study results show that robust carbon disclosure directly enhances firm performance, with green innovation mediating this relationship. Non-SOEs exhibit a significantly stronger green innovation mediation effect, leveraging disclosure to mitigate financing constraints and bolster market competitiveness, whereas SOEs align disclosure practices with regulatory priorities. Strategic integration of carbon management with green technology development emerges as a critical pathway for sustainable growth. Policymakers and firms should prioritize transparency-driven strategies, particularly for non-SOEs, to address financial barriers and strengthen market positioning in economies transitioning toward sustainability.

Suggested Citation

  • Ma, Anmiao, 2025. "Relationship between carbon disclosure quality, green innovation and organizational performance under the background of carbon neutrality," Finance Research Letters, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:finlet:v:82:y:2025:i:c:s1544612325007834
    DOI: 10.1016/j.frl.2025.107524
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    1. Zhang, Jialu, 2025. "Science and technology innovation attributes, corporate performance and IPO premium," Finance Research Letters, Elsevier, vol. 85(PE).
    2. Tian Xia & Isaac Appiah‐Otoo & Xudong Chen, 2026. "Carbon Disclosure and Carbon Performance in Green Transition: An Empirical Study of Policy Regulation and Regional Differences," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(1), pages 624-636, February.

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