Proceedings of the 2026 4th International Conference on Digital Economy and Management Science (CDEMS 2026)

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How Does Carbon Disclosure Alleviate Financing Constraints? Evidence from Chinese A-Share Firms

Authors
Lin Jiang1, *
1School of Insurance, University of International Business and Economics, Beijing, China
*Corresponding author. Email: jianglinn12345@163.com
Corresponding Author
Lin Jiang
Available Online 2 June 2026.
DOI
10.2991/978-94-6239-699-9_60How to use a DOI?
Keywords
Carbon disclosure intensity; financing constraints; information asymmetry; capital allocation efficiency; green finance
Abstract

This study examines the effect of carbon disclosure intensity on corporate financing constraints using a sample of Chinese A-share listed firms from 2010 to 2024. While prior research focuses on ESG disclosure as a whole, limited evidence exists on the independent role of carbon disclosure. Using the KZ index to measure financing constraints and employing two-way fixed-effects and mediation analyses, the results show that higher carbon disclosure intensity significantly alleviates financing constraints. Mechanism tests indicate that this effect operates through reduced information asymmetry and improved capital allocation efficiency. This study contributes by isolating carbon disclosure from broader ESG frameworks, providing a more targeted empirical assessment, and offering evidence on its financing implications in an emerging market context.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2026 4th International Conference on Digital Economy and Management Science (CDEMS 2026)
Series
Advances in Economics, Business and Management Research
Publication Date
2 June 2026
ISBN
978-94-6239-699-9
ISSN
2352-5428
DOI
10.2991/978-94-6239-699-9_60How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Lin Jiang
PY  - 2026
DA  - 2026/06/02
TI  - How Does Carbon Disclosure Alleviate Financing Constraints? Evidence from Chinese A-Share Firms
BT  - Proceedings of the 2026 4th International Conference on Digital Economy and Management Science (CDEMS 2026)
PB  - Atlantis Press
SP  - 556
EP  - 566
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-699-9_60
DO  - 10.2991/978-94-6239-699-9_60
ID  - Jiang2026
ER  -