An Empirical Study Of The Impact Of Carbon Information Disclosure And Innovation Investment On Corporate Financial Performance

As an important part of corporate information disclosure,carbon information disclosure has played an indispensable role in promoting the transformation of the company’s green industry and adhering to the policy of energy conservation and emission reduction,and has positive effects on corporate financial performance from multiple paths.Innovation investment plays a key role in sustainability in the process of business management and reflects the core competitiveness of the company.With the gradual growth of our country’s socialist market economy,environmental issues such as resource reduction,environmental pollution,and ecosystem degradation have become increasingly prominent.While enterprises are developing in an autonomous,equitable and open market,they are also facing serious environmental protection issues.test.my country’s fourteenth "five-year plan" mentions supporting green technological innovation and reducing carbon emission intensity,etc.,which all show that green development is a universal goal in the world.Therefore,the disclosure of high-quality carbon information by enterprises has become the proper meaning of the sustainable development of modern enterprises.At the same time,the impact of green innovation on enterprises is particularly prominent.In summary,when studying carbon information disclosure,based on the relationship between corporate financial performance and related variables,it becomes particularly important to consider the impact of innovation investment on it.This article is carefully sorted out and summarized the relevant literature,based on the perspective of green technology innovation,through empirical testing,focused on carbon information disclosure and corporate financial performance,innovation investment and corporate financial performance,and innovation investment on carbon information disclosure among companies with different property rights systems.Based on the empirical results and related analysis on the moderating role of corporate financial performance,corresponding policies and recommendations are proposed for the two main bodies of the enterprise and the government.The more innovative part of this article is that based on the past two-way research on carbon information disclosure,innovation invesment and corporate financial performance,the research explores the correlation between carbon information disclosure and corporate financial performance,and innovation investment and corporate financial performance.Combining theory and practice,it is studied and explored the moderating effect of innovation input on the correlation between carbon information disclosure and corporate financial performance.Through empirical tests,it is proved that innovation input is as expected and has a positive moderating effect between them,enriching the relevant research fields of corporate financial performance,broadening the horizons of corporate carbon information disclosure related research,and providing reference and reference for enterprises and governments to rationally allocate green innovation resources and carbon information disclosure related policies and regulations.