A Study on the Impact of the Board Network on the Quality of Corporate Carbon Disclosure

Zheng Xunan

Hebei University of Economics and Business

Abstract：

Driven by the "Dual Carbon" goals, improving the quality of corporate carbon disclosure has become a key focus of economic development. Existing research has primarily examined internal and external factors at the individual firm level, overlooking the interfirm linkages. Therefore, this study extends the analytical perspective to director networks, using all A-share listed companies in China from 2014 to 2023 as the sample to investigate the impact of director networks on the quality of corporate carbon disclosure. Empirical results show that director networks have a significant positive effect on the quality of corporate carbon disclosure, and this conclusion remains valid after a series of endogeneity and robustness tests. Heterogeneity analysis indicates that the impact of director networks on the quality of carbon disclosure is significantly positive in state-owned enterprises, non-heavily polluting enterprises, and firms with low financing constraints.

Key Words：

director networks; quality of carbon disclosure; corporate governance