碳信息披露与企业财务绩效的相关性研究

Research on the Correlation between Carbon Disclosure and Financial Performance of Enterprises

温室气体的排放导致全球气候变暖,低碳经济走上了历史舞台。全球变暖问题引起世界各国各界的高度重视,在低碳经济背景下,碳信息披露是减少温室气体排放的关键。碳信息的披露对企业的经营有什么样的影响引起大众的思考。鉴于此,在碳信息披露项目背景下选取2017年回复碳信息披露项目调查问卷的中国企业作为研究样本,以企业净资产收益率作为被解释变量,碳信息披露指数得分作为解释变量,公司规模和偿债能力作为控制变量,构建模型对相关变量进行实证检验。研究结果发现,企业碳披露与企业盈利能力正相关,与财务绩效负相关。在自愿性信息披露机制下,获利能力较好的企业更愿意披露碳信息,企业碳信息披露越多,对企业产生的不利影响就越小。

Greenhouse gas emissions have caused global warming,and the low-carbon economy has embarked on a historical stage.The issue of global warming has attracted great attention from all walks of life in the world.In the context of low-carbon economy,carbon information disclosure is the key to reducing greenhouse gas emissions.The impact of the disclosure of carbon information on the operation of enterprises has caused public thinking.In view of this,in the context of the carbon information disclosure project,the Chinese companies that responded to the 2017 Carbon Disclosure Project Questionnaire were selected as the research sample,with the net asset return rate as the explanatory variable,the carbon information disclosure index score as the explanatory variable,the company size and As a control variable,the solvency model constructs a model to empirically test related variables.The study found that corporate carbon disclosure is positively related to corporate profitability and negatively related to financial performance.Under the voluntary information disclosure mechanism,companies with better profitability are more willing to disclose carbon information.The more corporate carbon information disclosure,the less adverse impact on enterprises.