Quality of Environmental Information Disclosure, Corporate Reputation and Commercial Credit Financing

Long Zhang; Yuanchun Yu; Boling Deng

doi:10.6981/FEM.202507_6(7).0021

Authors

Long Zhang
Yuanchun Yu
Boling Deng

DOI:

https://doi.org/10.6981/FEM.202507_6(7).0021

Keywords:

Environmental Information Disclosure Quality; Corporate Reputation; Commercial Credit Financing.

Abstract

This paper uses A-share listed companies from 2015 to 2022 as a sample, and based on signal transmission theory, stakeholder theory, and reputation mechanisms, it empirically examines the impact of environmental information disclosure quality on corporate commercial credit financing. The empirical results show that improving the quality of environmental information disclosure significantly enhances corporate commercial credit financing. Environmental information disclosure quality can significantly boost corporate commercial credit financing through corporate reputation; the improvement in environmental information disclosure quality for state-owned enterprises is even more pronounced. This study provides empirical evidence for policymakers to refine environmental information disclosure systems and promote the implementation of green finance policies, while also offering theoretical support for companies to optimize their environmental governance and reputation management strategies and expand financing channels.

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