碳信息披露、政府监管与企业价值

Carbon Information Disclosure, Government Regulation and Enterprise Value

摘要: 随着世界经济的发展，温室效应持续增强，全球气候问题凸显，灾害频发，社会对于碳信息披露的关注度也逐渐增高。本文从碳信息披露的角度出发，以2017~2019年我国125家重污染上市公司为研究样本，建立中介效应模型，探究碳信息披露、政府监管与企业价值之间的关系。研究表明，我国重污染上市公司碳信息披露和企业价值呈负相关关系，且政府监管在二者之间存在显著的调节效应。

Abstract: With the development of the world economy, the greenhouse effect continues to increase, the global climate problem is prominent, disasters occur frequently, and the society’s attention to carbon in-formation disclosure is gradually increasing. From the perspective of carbon information disclosure, this paper takes 125 heavily polluting listed companies in my country from 2017 to 2019 as a re-search sample, establishes a mediation effect model, and explores the relationship between carbon information disclosure, government regulation and corporate value. Research shows that there is a negative correlation between carbon information disclosure and corporate value of heavily pollut-ing listed companies in my country, and government regulation has a significant moderating effect between the two.