The nexus of carbon disclosure and green technology innovation: An empirical analysis based on Chinese listed companies.

The level of carbon information disclosure is crucial in directing the decision-making processes and activities of enterprises, particularly in the realm of green technology development. It serves a crucial function in meeting environmental standards. This research analyzes publicly traded firms on the Shanghai and Shenzhen Stock Exchanges in China from 2013 to 2020. This study used a mediating effect model to examine the influence of carbon information disclosure quality on green technology innovation. The results indicate that improving the precision of carbon data mitigates financial limitations, hence promoting innovation in green technology. The research clarifies the moderating effects in the sequence of "carbon information disclosure - financing constraints - green technology innovation," specifically about the interaction between financing constraints and green technology innovation. It illustrates that government subsidies and media focus substantially mitigate financial limitations, hence fostering innovation in green technologies, as shown by robustness tests. The study reveals discrepancies in the impact of carbon disclosure quality on the advancement of green technology, ascribed to differences in ownership, geographical variables, managerial political affiliations, and industry traits. This study enhances corporate environmental standards and provides critical insights for policymakers and business leaders, facilitating China's shift towards a sustainable, low-carbon economy.