Research On The Impact Of Carbon Information Disclosure And Technological Innovation Investment On Corporate Financial Performanc

In recent years,environmental problems such as environmental pollution and ecosystem damage have become increasingly prominent,resulting in global warming,gradually rising temperatures,and frequent extreme weather,which poses a great threat to the survival of mankind.Among these problems,global warming due to the emission of greenhouse gases such as carbon dioxide has become the focus of attention of the international community,so many countries are struggling to control carbon emissions.The launch of China’s carbon emissions trading market has implemented China’s actions to deal with climate change and is of great significance to China’s low-carbon development.At the same time,as the main body of carbon emissions,it is particularly important for enterprises to disclose carbon information,and only by fully grasping the carbon information of enterprises can we further improve the construction of the carbon market.Therefore,it is necessary to study the relationship between carbon information disclosure and enterprise performance,and drive the enthusiasm of enterprise carbon information disclosure.This paper puts forward hypotheses on the basis of theoretical analysis by combing through the relevant literature;Taking the listed companies in the A-share high-carbon industry in Shanghai and Shenzhen as the research object,the data of the enterprises from2016-2020 were selected as samples,and the construction framework of the carbon information disclosure project and the corresponding regression model were referred to,the relationship between carbon information disclosure and financial performance of enterprises with different property rights properties was empirically analyzed,and the investment in technological innovation was innovatively introduced as an intermediary variable for research.The empirical results show that carbon information disclosure has a positive correlation with the financial performance of enterprises,and the improvement of the level of carbon information disclosure has a significant role in promoting the financial performance of enterprises,and the investment in technological innovation also has a significant intermediary role in the relationship between the two.Then,taking Chenming Paper as a case company for further analysis,this paper analyzes the carbon information disclosure,technological innovation investment and enterprise performance in recent years,and further verifies the accuracy of the empirical results.And from the case analysis results of Chenming Paper,there are generally insufficient initiative,scattered disclosure content,incomplete disclosure content,insufficient quantitative information and other problems in the disclosure of carbon information in China,which in turn provides relevant suggestions to enterprises and governments on carbon information disclosure and green innovation: on the one hand,it can guide Chinese enterprises to carry out practical actions to reduce carbon emissions,increase investment in green innovation,and achieve long-term and healthy development;On the other hand,it can promote the Chinese government to improve relevant laws and policies,ensure that Chinese enterprises disclose high-quality carbon information,and achieve green development in China.