Taking the heavily polluting A-share enterprises in Shanghai and Shenzhen from 2013 to 2022 as the research object,this paper explores the relationship between carbon information disclosure,finan-cing constraints and financial performance.The results show that there is a significant positive correlation be-tween carbon information disclosure and financial performance of heavy polluting enterprises.The financing constraint shows a masking effect between carbon information disclosure and financial performance.Further re-search shows that the carbon information disclosure of state-owned enterprises has a more significant positive promoting effect on financial performance;the carbon information disclosure of enterprises with higher level of industry competition has a more significant positive promoting effect on financial performance.
关键词
重污染企业/碳信息披露/融资约束/财务绩效
Key words
heavy polluting enterprises/carbon information disclosure/financing constraints/financial performance
维普
万方数据