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Can climate risk disclosure improve corporate green innovation?

Author

Listed:
  • Jia, Haifeng
  • Huang, Xinyi
  • Gong, Yuechen
  • Liu, Youping
  • Jiang, Hui

Abstract

This study investigates how climate risk disclosure influences corporate green innovation using data from Chinese A-share listed companies (2012–2022). The findings indicate that such disclosure significantly enhances firm green innovation, with digital transformation strengthening this effect. Furthermore, climate risk disclosure promotes green innovation by increasing environmental investment and improving environmental, social, and governance performance, and there are more pronounced effects in high-pollution industries and state-owned enterprises.

Suggested Citation

  • Jia, Haifeng & Huang, Xinyi & Gong, Yuechen & Liu, Youping & Jiang, Hui, 2025. "Can climate risk disclosure improve corporate green innovation?," Finance Research Letters, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:finlet:v:83:y:2025:i:c:s1544612325008323
    DOI: 10.1016/j.frl.2025.107573
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    References listed on IDEAS

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    Cited by:

    1. Ge, Wenfeng & Yang, Xu & Yang, Xiaodong & Pan, Xu & Ran, Qiying, 2025. "How does Fintech drive corporate climate information risk disclosure? New evidence from China's A-share listed companies," International Review of Financial Analysis, Elsevier, vol. 103(C).
    2. Xiong, Ding & Sun, Yao, 2025. "The rising cost of turmoil: geopolitical crises and supply chain risk," Economics Letters, Elsevier, vol. 255(C).
    3. Wang, Yuhui & Huang, Zhen & Jia, Ming, 2026. "Firm-level real climate risk, institutional investors, and green innovation," Research in International Business and Finance, Elsevier, vol. 81(C).
    4. Ran Yi & Yunfan Zhang & An Chen, 2026. "Does corporate climate risk promote climate response actions? Empirical evidence from China," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 31(3), pages 1-33, March.

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