Online public opinion attention and corporate green finance development

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-04-01 DOI:10.1016/j.iref.2025.104097

Ying Meng, Lei Zhao

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引用次数: 0

Abstract

This paper selects data from Chinese listed companies from 2007 to 2022 as empirical samples and conducts an in-depth and systematic exploration of the interactive relationship between online public opinion attention and the development of corporate green finance. Rigorous data analysis and research reveal a significant negative correlation between online public opinion attention and the development of corporate green finance. Based on this, mechanism testing further reveals that the quality of information disclosure plays a mediating role in the relationship between online public opinion attention and corporate green finance development, and this mediating effect exhibits notable heterogeneity depending on the different audit opinions received by the companies. Importantly, this study also finds that investor attention plays a key moderating role in the relationship between online public opinion attention and corporate green finance development, with this moderating effect showing heterogeneity between high-tech and non-high-tech enterprises.

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网络舆论关注与企业绿色金融发展

本文选取2007 - 2022年中国上市公司数据作为实证样本，对网络舆论关注与企业绿色金融发展之间的互动关系进行了深入系统的探索。严谨的数据分析和研究表明，网络舆论关注度与企业绿色金融发展之间存在显著的负相关关系。在此基础上，进一步进行机制检验，发现信息披露质量在网络舆论关注度与企业绿色金融发展的关系中起中介作用，且这种中介效应在不同审计意见的影响下表现出显著的异质性。重要的是，本研究还发现，投资者关注在网络舆论关注与企业绿色金融发展的关系中起着关键的调节作用，且这种调节作用在高新技术企业和非高新技术企业之间呈现异质性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.