绿色制造体系建设对企业碳信息披露质量的影响研究——基于绿色工厂认定的证据
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国家社会科学基金后期资助项目(25FJYB051);中国博士后科学基金第77批面上资助项目(2025M770672)


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    摘要:

    “双碳”目标引领下,如何引导企业迈向绿色低碳发展轨道、健全环境信息披露体系,是推动中国经济绿色转型进程中亟待研究的重要课题。基于2012—2023年中国A股上市企业,采用双重差分模型分析绿色工厂认定对企业碳信息披露质量的影响。研究发现,绿色工厂认定显著提升了企业碳信息披露质量;作用机制检验表明,绿色工厂认定通过优化环境管理体系、促进绿色技术研发和强化声誉激励提升了企业碳信息披露质量。异质性检验表明,在高人力资本水平企业中,绿色工厂认定促进了企业碳信息披露质量提升;非重点排污企业因绿色工厂认定获得更强的声誉激励,对企业碳信息披露质量提升效应更强;无“漂绿”行为与自愿披露型企业展现出对绿色工厂认定政策的积极响应。拓展性分析表明,绿色工厂的示范效应能带动同行业企业增加环保投资形成明显的环境外溢效应,而对同城市其他企业的环境外溢效应不明显。研究结论揭示了绿色制造体系政策在完善碳排放信息披露机制中的制度创新价值,为“双碳”目标下企业环境质量的改善提供了理论参考和实践启示。

    Abstract:

    Under the guidance of the carbon peaking and carbon neutrality goals, how to guide enterprises to embark on a green and low-carbon development path and improve the environmental information disclosure system is an important issue that urgently needs to be addressed in the process of promoting China’s green economic transition. Based on Chinese A-share listed companies from 2012 to 2023, this paper employs a difference-in-differences model to analyze the impact of green factory certification on corporate carbon information disclosure quality. The study finds that green factory certification significantly improves corporate carbon information disclosure quality. Mechanism tests show that green factory certification enhances carbon information disclosure quality by optimizing environmental management systems, promoting green technology R&D, and strengthening reputation incentive. Heterogeneity tests indicate that in enterprises with high human capital levels, green factory certification promotes the improvement of carbon information disclosure quality; non-key pollution-emitting enterprises gain stronger reputation incentives from the certification, leading to a more pronounced effect; and enterprises without greenwashing behavior and those with voluntary disclosure show a positive response to the policy. Further analysis reveals that the demonstration effect of green factories can drive peer firms in the same industry to increase environmental investment, generating a significant environmental spillover effect, while the spillover effect on other firms in the same city is not significant. The conclusions reveal the institutional innovation value of green manufacturing system construction in improving carbon emission information disclosure mechanisms, and provide theoretical references and practical implications for improving corporate environmental quality under the carbon peaking and carbon neutrality goals.

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郭金花,王子琳.绿色制造体系建设对企业碳信息披露质量的影响研究——基于绿色工厂认定的证据[J].南京审计大学学报,2026,23(5):92-101

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  • 在线发布日期: 2026-09-11
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