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Online public opinion attention and corporate green finance development

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  • Meng, Ying
  • Zhao, Lei

Abstract

This paper selects data from Chinese listed companies from 2007 to 2022 as empirical samples and conducts an in-depth and systematic exploration of the interactive relationship between online public opinion attention and the development of corporate green finance. Rigorous data analysis and research reveal a significant negative correlation between online public opinion attention and the development of corporate green finance. Based on this, mechanism testing further reveals that the quality of information disclosure plays a mediating role in the relationship between online public opinion attention and corporate green finance development, and this mediating effect exhibits notable heterogeneity depending on the different audit opinions received by the companies. Importantly, this study also finds that investor attention plays a key moderating role in the relationship between online public opinion attention and corporate green finance development, with this moderating effect showing heterogeneity between high-tech and non-high-tech enterprises.

Suggested Citation

  • Meng, Ying & Zhao, Lei, 2025. "Online public opinion attention and corporate green finance development," International Review of Economics & Finance, Elsevier, vol. 100(C).
    • Handle: RePEc:eee:reveco:v:100:y:2025:i:c:s1059056025002606
    DOI: 10.1016/j.iref.2025.104097
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    Cited by:

    1. Chen, Liang & Zhang, Kowkam & Duan, Longlong, 2026. "Media environmental coverage and corporate green innovation: A dual-mechanism test based on incurred regulatory pressure and institutional investors’ green attention," Finance Research Letters, Elsevier, vol. 92(C).
    2. Dong, Yuting & Sun, Ziyuan & Zhou, Yiqiang, 2026. "Not all voices are equal: stakeholder environmental pressures and corporate green innovation strategies," Journal of Business Research, Elsevier, vol. 202(C).
    3. Yang, Chunli & Qin, Yiyang, 2025. "Online public opinion and firm investment preferences," Finance Research Letters, Elsevier, vol. 86(PD).

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