炭素情報開示と企業の資金調達制約
Carbon Information Disclosure and Corporate Financing Constraints (原題)
Siyan Chen
🤖 gxceed AI 要約
日本語
中国A株上場企業を対象に、炭素情報開示が企業の資金調達制約に与える影響をDIDモデルで検証。開示水準の向上が資金調達制約を緩和することを示し、企業の所有性質による調整効果も分析。一連の頑健性チェックで結論の一貫性を確認。
English
Using a Difference-in-Differences model on Chinese A-share listed companies, this paper finds that improved carbon information disclosure reduces corporate financing constraints. It also explores the moderating effect of ownership nature, providing empirical evidence for proactive disclosure strategies.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示義務化が迫る中、開示が資本コスト低減に寄与する実証は、企業の開示対応を後押しする。中国市場の知見は、日本企業の開示戦略にも示唆を与える。
In the global GX context
This study adds to global evidence linking climate disclosure to financing costs, relevant for ISSB and CSRD implementation. It highlights the financial benefits of proactive carbon disclosure, supporting the business case for transparency.
👥 読者別の含意
🔬研究者:Provides causal evidence on disclosure and financing constraints, useful for comparative studies.
🏢実務担当者:Supports business case for proactive carbon disclosure to lower financing costs.
🏛政策担当者:Informs policy design for disclosure mandates by showing market benefits.
📄 Abstract（原文）
Global warming keeps worsening, pushing greenhouse gas emission control into a worldwide mainstream. As China's carbon emissions trading market has grown to cover the entire nation, statistical accounting and trading management of carbon emissions of enterprises are also increasing. Against this backdrop, carbon information disclosure and relief of financing constraints have become core issues for listed enterprises to address. Taking A-share listed companies in China as an example, this paper examines how corporate carbon information disclosure influences enterprise financing constraints by applying a Difference-in-Differences model under relevant policies. This paper further explores the moderating effect of corporate ownership nature. The results indicate improving the level of carbon information disclosure can reduce financing constraints for enterprises. Consistent conclusions can be obtained through a series of robustness checks. This paper provides more research perspectives for carbon information disclosure management and empirical evidence for enterprises to actively plan and implement carbon information disclosure to improve their competitiveness and reduce financing costs.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.54254/2754-1169/2026.36321first seen 2026-09-02 04:55:31
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。