Carbon Disclosure Effect, Corporate Fundamentals, and Net-zero Emission Target: Evidence from China
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arXiv
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| Autori principali: | , , , , , |
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| Natura: | Preprint |
| Pubblicazione: |
2025
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| _version_ | 1866908500429373440 |
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| author | Zhou, Xiyuan Wang, Xinlei Fei, Xiang Liu, Wenxuan Xie, Bai-Chen Zhao, Junhua |
| author_facet | Zhou, Xiyuan Wang, Xinlei Fei, Xiang Liu, Wenxuan Xie, Bai-Chen Zhao, Junhua |
| contents | In response to China's national carbon neutrality goals, this study examines how corporate carbon emissions disclosure affects the financial performance of Chinese A-share listed companies. Leveraging artificial intelligence tools, including natural language processing, we analyzed emissions disclosures for 4,336 companies from 2017 to 2022. The research demonstrates that high-quality carbon disclosure positively impacts financial performance with higher stock returns, improved return on equity, increased Tobin's Q ratio, and reduced stock price volatility. Our findings underscore the emerging importance of carbon transparency in financial markets, highlighting how environmental reporting can serve as a strategic mechanism to create corporate value and adapt to climate change. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2508_17423 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Carbon Disclosure Effect, Corporate Fundamentals, and Net-zero Emission Target: Evidence from China Zhou, Xiyuan Wang, Xinlei Fei, Xiang Liu, Wenxuan Xie, Bai-Chen Zhao, Junhua General Economics Economics In response to China's national carbon neutrality goals, this study examines how corporate carbon emissions disclosure affects the financial performance of Chinese A-share listed companies. Leveraging artificial intelligence tools, including natural language processing, we analyzed emissions disclosures for 4,336 companies from 2017 to 2022. The research demonstrates that high-quality carbon disclosure positively impacts financial performance with higher stock returns, improved return on equity, increased Tobin's Q ratio, and reduced stock price volatility. Our findings underscore the emerging importance of carbon transparency in financial markets, highlighting how environmental reporting can serve as a strategic mechanism to create corporate value and adapt to climate change. |
| title | Carbon Disclosure Effect, Corporate Fundamentals, and Net-zero Emission Target: Evidence from China |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2508.17423 |