碳信息披露与融资成本研究综述

A Review of Research on Carbon Information Disclosure and Financing Costs

本文回顾了中国在全球气候治理大背景下碳信息披露发展历程,探讨了内容界定、衡量方法及相关研究,重点梳理了碳信息披露对融资成本影响的相关文献及观点,指出适度披露能提升企业价值、缓解融资约束、降低融资成本,但过度披露则可能增加。最后,研究展望了未来的发展方向,包括进一步完善碳信息披露的衡量方法,以及深入探究碳信息披露对融资成本的长期影响及其在不同经济环境、政策背景下的作用机制,旨在为政府制定相关政策提供科学的理论依据和实践参考。This paper reviews the development of carbon information disclosure in China against the backdrop of global climate governance, exploring content definitions, measurement methods, and related research. It focuses on summarizing relevant literature and viewpoints on the impact of carbon information disclosure on financing costs, pointing out that appropriate disclosure can enhance corporate value, alleviate financing constraints, and reduce financing costs, whereas excessive disclosure may increase them. Lastly, the study prospects future research directions, including further refining the measurement methods of carbon information disclosure and delving into the long-term impact of carbon information disclosure on financing costs as well as its mechanism of action under different economic and policy contexts. The aim is to provide a scientific theoretical basis and practical reference for the government in formulating relevant policies.