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Author:

Han, Lin (Han, Lin.) | Liu, Tingli (Liu, Tingli.) | Lu, Hongshuo (Lu, Hongshuo.) | Zhang, Wenyu (Zhang, Wenyu.)

Indexed by:

SSCI Scopus

Abstract:

Drawing upon the distinctive context of China, we have developed a comprehensive firm-level climate risk disclosure index that encompasses multiple dimensions and resonates with the prevailing realities. Our findings reveal that firms' climate risk disclosures significantly enhance their green innovation capabilities, particularly for those facing substantial financial constraints. Further analysis uncovers no notable differences in this effect across various patent categories, while also indicating a marked improvement in innovation quality. Moreover, our results suggest a positive correlation between higher levels of climate risk disclosure and increased enterprise value.

Keyword:

Green innovation Climate risk disclosure Enterprise value Financial constraints

Author Community:

  • [ 1 ] [Han, Lin]Beijing Univ Technol, Beijing, Peoples R China
  • [ 2 ] [Liu, Tingli]Beijing Univ Technol, Beijing, Peoples R China
  • [ 3 ] [Lu, Hongshuo]Ningxia Univ, Missouri State Univ, Yinchuan, Peoples R China
  • [ 4 ] [Zhang, Wenyu]Nanjing Univ Sci & Technol, Nanjing, Peoples R China

Reprint Author's Address:

  • [Zhang, Wenyu]Nanjing Univ Sci & Technol, Nanjing, Peoples R China

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Source :

FINANCE RESEARCH LETTERS

ISSN: 1544-6123

Year: 2025

Volume: 72

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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