The impact of green finance on corporate carbon disclosure: Financial regulation as a moderator

• Published in: Finance research letters 2024-05, Vol.63, p.105273, Article 105273
• Main Authors: Zhen, Zhiyong, Lu, Bingquan
• Format: Article
• Language: English
• Subjects: Corporate carbon disclosure; Financial regulation; Green finance
• ISSN: 1544-6123; 1544-6131
• DOI: 10.1016/j.frl.2024.105273

•Green finance has a significant positive impact on corporate carbon disclosure.•Financial regulation plays a positive moderating role in the relationship between green finance and corporate carbon disclosure.•The impact of green finance on corporate carbon disclosure exhibits heterogeneity based on the nature of the enterprise, with a stronger significance and more pronounced promoting effect observed in the samples of state-owned enterprises. The transparency of corporate carbon information has become a key topic in today's context of increasing attention to global climate change issues. Based on the data of A-share listed companies from 2013 to 2021, this study explores the relationship between green finance, financial regulation and corporate carbon information disclosure. The study shows that: (1) Green finance can promote corporate carbon disclosure. (2) Financial regulation plays a positive moderating role between green finance and corporate carbon information disclosure. (3) The heterogeneity test reveals that green finance plays a stronger role in corporate carbon information disclosure among state-owned enterprises (SOEs) compared to non-SOEs.