Influence of green innovation on disclosure quality: Mediating role of media attention

Green signals: The impact of environmental protection support policies on firms' green innovation

“…Inspired by Ho et al (2023) and Ren et al (2021b), we constructed a variable, GI = ln(t + 1) , to measure firms' green innovation, where t represents the total number of green patent applications in a given year. The number of patent applications, rather than patents granted, was chosen to measure the level of green innovation because a patent‐granting procedure generally takes 3–5 years to complete, which cannot effectively reflect the green innovation efforts of firms in the current period (Xu et al, 2023).…”

“…There is significant information asymmetry between firms and external stakeholders when it comes to firms' sustainable development capabilities (Sha et al, 2022). Some firms may treat information related to green technologies as business secrets (such as the market prospects of environmental protection projects, their expected benefits and potential risks, and so forth) and hence are unwilling to disclose it (Ho et al, 2023). Furthermore, external stakeholders at an informational disadvantage need to pay high information-screening costs to identify sustainable projects and continually monitor a firm's operations (Li et al, 2023b).…”

Environmental backgrounds of CEOs and corporate environmental management information disclosure: The mediating effects of financing constraints and media attention

“…Narcissistic CEOs are interested in improving CSR (Chatterjee & Pollock, 2017), and in-depth media attention and high-frequency coverage can promote selective improvement in environmental disclosure by heavily polluting firms when they face a competitive market (Chen & Zhang, 2022). Increased media attention can promote green innovation among heavily polluting public companies (Xiang et al, 2020), and media attention is an important mechanism for green innovation to improve the quality of corporate information disclosure (Ho et al, 2023). This study contends that media attention has a significant positive influence on the connection between CEO environmental context and corporate environmental management information disclosure.…”

ESG rating divergence and corporate green innovation

“…For another, according to the resource‐based view (Barney, 1991; Wernerfelt, 1984), green innovation can bring strategic resources to firms (Khanra et al, 2022), thereby helping them reap profits while dealing with ESG rating divergence. Companies can improve productivity and operational efficiency through green innovation (Yan et al, 2020), thus enabling them to build competitive advantages (Ho et al, 2023). The green image and reputation obtained through green innovation can attract key stakeholders such as investors, customers, and the government, which helps companies obtain more resource support (Lian et al, 2022) and higher customer loyalty (Pan et al, 2020).…”

“…Based on the dual perspectives of formal and informal institutions, we also reveal the important role of the interplay between corporate governance mechanisms and ESG rating divergence in promoting corporate green innovation. In addition, the consequences of green innovation are also of great concern in academia (see e.g., Chen et al, 2023; Hao, Chen, et al, 2022; Ho et al, 2023; Huang & Li, 2017; Lin et al, 2020; Xie et al, 2019). We provide empirical evidence that firms can leverage green innovation as a response to ESG rating divergence, which supports the role of green innovation in stakeholder management (Chen, Zhu, et al, 2023; Wang, Song & Wang, 2023; Zhang et al, 2020).…”