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Climate-related disclosures under the TCFD framework and business green innovation: Evidence from China A-share companies

Author

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  • Gao, Yongjun
  • Mohd Saleh, Norman
  • Abdullah, Ahmad Monir
  • Adznan, Syaima

Abstract

This study examines the influence of climate-related disclosures on business green innovation among a sample of Chinese A-share listed companies from 2009 to 2021. Based on the framework for Task Force on Climate-related Financial Disclosures, measurements of climate-related disclosures and indicators of four dimensions were made using machine learning and entropy methodologies. Findings show that climate-related disclosures positively influence business green innovation. However, the dimension of governance is negatively related to corporate green innovation. The association between climate-related disclosures and business green innovation is partially mediated by debt financing costs.

Suggested Citation

  • Gao, Yongjun & Mohd Saleh, Norman & Abdullah, Ahmad Monir & Adznan, Syaima, 2024. "Climate-related disclosures under the TCFD framework and business green innovation: Evidence from China A-share companies," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003404
    DOI: 10.1016/j.frl.2024.105310
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