Reading from the same page: how does industry-specific information disclosure affect green innovation in heavily polluting firms?

Résumé fourni par la source

Encouraging green innovation within businesses is crucial for achieving sustainable growth. Utilising China’s industry-specific information disclosure guidelines as a quasi-natural experiment, this paper examines the impact of industry-specific disclosure on green innovation in heavily polluting enterprises (HPEs). The results show that the guidelines have a significant positive impact on green innovation in HPEs, which can be attributed to monitoring pressure from external scrutiny and peer pressure from industry counterparts. Moreover, this positive impact is more pronounced in cases where the guidelines require listed companies to disclose specific metrics and in firms designated as key heavily polluting entities, but it is attenuated by earnings pressure. These results suggest that non-environmental regulation can effectively promote green innovation in HPEs by leveraging external pressure mechanisms, offering valuable insights for regulatory reforms and corporate green transitions in emerging economies.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.