制造业企业碳信息披露与绿色创新效率

Carbon Information Disclosure and Green Innovation Efficiency of Manufacturing Companies

摘要: 在国内低碳减排和国际高碳产品征税背景下，制造业企业亟需增强绿色创新。本文选取2011~2023年中国制造业上市企业样本，实证分析了制造业企业碳信息披露与绿色创新效率之间的关系，以及市场绿色投资者和政府减排目标约束的调节作用。结果表明：制造业碳信息披露提升了企业绿色创新效率。市场绿色投资者与政府减排目标约束正向调节制造业企业和重污染制造业企业碳信息披露与绿色创新效率的关系。同时，市场绿色投资者与政府减排约束正向调节效应在智能化和数字化水平高的制造业企业中更加显著。

Abstract: Under the background of domestic low-carbon emission reduction targets and international high-carbon products taxation, manufacturing companies urgently need to enhance green innovation. Selecting China’s listed manufacturing companies from 2011 to 2023 as a research sample, this paper empirically analyzes the relationship between carbon information disclosure and green innovation efficiency of manufacturing companies, as well as the moderating effect of green investors and government emission reduction constraints. The findings show that carbon information disclosure of manufacturing companies promotes green innovation efficiency. Green investors and government emission reduction constraints positively moderate the relationship between carbon information disclosure and green innovation efficiency in manufacturing companies. And, the positive moderating effect is more significant in manufacturing companies with high intelligence and digital level.