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Media Attention, Environmental Information Disclosure and Corporate Green Technology Innovations in China’s Heavily Polluting Industries

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  • Zhengxia He
  • Changshuai Cao
  • Chao Feng

Abstract

Green technology innovation is an effective way to overcome the constraints of combining resources and environment. This paper focuses on the impacts of media attention and corporate environmental information disclosure on green technology innovation of China’s 487 listed heavily polluting companies from 2007 to 2019. The corporate environmental information disclosure was measured using text analytics and data mining and considering the impacts of political connections. The results indicate that: (1) both positive and negative media attention and the quality of environmental information disclosure significantly contribute to corporate green technology innovation, with negative media attention having a more substantial impact than positive media attention; (2) The environmental information disclosure of China’s heavily polluting industries acts as a mediator in the impact of negative media attention on enterprise green technology innovation; (3) Political connection as a moderating factor has a major suppressive impact on the mediating model. This paper enriches the research relevant to the drivers of green technology innovation in enterprises. It also provides new ideas for exploring the research on the influence on green technology innovation behavior from the perspective of political connections.

Suggested Citation

  • Zhengxia He & Changshuai Cao & Chao Feng, 2022. "Media Attention, Environmental Information Disclosure and Corporate Green Technology Innovations in China’s Heavily Polluting Industries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(14), pages 3939-3952, November.
    • Handle: RePEc:mes:emfitr:v:58:y:2022:i:14:p:3939-3952
    DOI: 10.1080/1540496X.2022.2075259
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    Citations

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    Cited by:

    1. Yue, Jun & Li, Yilin, 2023. "Media attention and corporate greenwashing behavior: Evidence from China," Finance Research Letters, Elsevier, vol. 55(PB).
    2. Rongjiang Cai & Tao Lv & Cheng Wang & Nana Liu, 2023. "Can Environmental Information Disclosure Enhance Firm Value?—An Analysis Based on Textual Characteristics of Annual Reports," IJERPH, MDPI, vol. 20(5), pages 1-21, February.
    3. Huo, Tengfei & Cong, Xiaobo & Cheng, Cong & Cai, Weiguang & Zuo, Jian, 2023. "What is the driving mechanism for the carbon emissions in the building sector? An integrated DEMATEL-ISM model," Energy, Elsevier, vol. 274(C).
    4. Wang, Weilong & Wang, Jianlong & Wu, Haitao, 2024. "The impact of energy-consuming rights trading on green total factor productivity in the context of digital economy: Evidence from listed firms in China," Energy Economics, Elsevier, vol. 131(C).
    5. Zhu, Qing & Ma, Dan & He, Xin, 2023. "Digital transformation and firms' pollution emissions," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    6. Jianliang Yang & Hongbo Shan & Penglong Xian & Xiaomeng Xu & Na Li, 2024. "Impact of Digital Transformation on Green Innovation in Manufacturing under Dual Carbon Targets," Sustainability, MDPI, vol. 16(17), pages 1-21, September.
    7. Zhang, Jing & Zhang, Lu & Zhang, Mancen, 2024. "Media pressure, internal control, and corporate environmental information disclosure," Finance Research Letters, Elsevier, vol. 63(C).

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