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July 5, 2026Accounting and Finance

Carbon Information Disclosure and Firm Risk‐Taking: Evidence From China

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Authors

DHDongxin HeChina Institute of ElectronicsLJLinhan JiaoCentral University of Finance and EconomicsJYJingyi YangCentral University of Finance and Economics

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Implication

Randomized trial examines carbon disclosure effects on risk-taking in firms, indicating vital governance implications.

Key Points

  • This research investigates how carbon information disclosure influences corporate risk-taking in China.
  • Analyzed ESG, CSR, and Sustainability reports of A-share firms from 2007 to 2023.
  • Constructed a five-dimensional vectorised-text index for assessing disclosure quality.
  • Applied multi-period difference-in-differences estimation to validate findings.
  • Higher-quality carbon disclosure correlates with lower risk-taking levels (p<0.05).
  • Substantive disclosure leads to better long-term financial performance and reduced carbon intensity.
  • Effects are reinforced by informal regulations like media scrutiny and public attention.

Cite This Study

He et al. (2026) studied this question.

synapsesocial.com/papers/6a49f754f5d1d45b288013b4https://doi.org/10.1111/acfi.70240
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Also Consider

Synapse has enriched 4 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Corporate Governance and Risk‐Taking2008 · 1,787 citations
  2. 2State-owned Enterprises Around the WORLD as Hybrid Organizations2014 · 788 citations
  3. 3State ownership and firm performance: Empirical evidence from Chinese listed companies2013 · 196 citations
  4. 4The Economic Consequences of Increased Disclosure2000 · 2,393 citations