Green Disclosure Regulation: How Far has been Researched?
DOI:
https://doi.org/10.58968/as.v3i2.610Keywords:
Green Disclosure, Regulation, Research Map, Bibliometric, VosViewerAbstract
This study aims to see the development of research on the topic of "Green Disclosure Regulation" and research plans that can be carried out based on journals published on the theme. This research uses a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme "Green Disclosure Regulation" which comes from the Dimension database with a total of 500 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the bibliometric map of "Green Disclosure Regulation" research development in the world. The results of the study found that there were 5 clusters with the most used words being regulation, disclosure, evidence, analysis, company, and environmental information disc. Then, the research path topics related to Green Disclosure Regulation are Effect of green disclosure regulation, Quality of corporate environmental disclosure, ESG rating on green innovation, Role of environmental regulation in finance, and Sustainability effects of green credit policy.
References
Arslan, H. M., Chengang, Y., Bilal, Siddique, M., & Yahya, Y. (2022). Influence of senior executives characteristics on corporate environmental disclosures: a bibliometric analysis. Journal of Risk and Financial Management, 15(3), 136.
Baloch, M. A., & Danish, F. N. M. (2022). CO2 emissions in BRICS countries: what role can environmental regulation and financial development play?. Climatic change, 172(1), 9.
Baratta, A., Cimino, A., Longo, F., Solina, V., & Verteramo, S. (2023). The impact of ESG practices in industry with a focus on carbon emissions: Insights and future perspectives. Sustainability, 15(8), 6685.
Brammer, S., & Pavelin, S. (2008). Factors influencing the quality of corporate environmental disclosure. Business strategy and the environment, 17(2), 120-136.
Cai, C., Hazaea, S. A., Hael, M., Al-Matari, E. M., Alhebri, A., & Alfadhli, A. M. H. (2024). Mapping the landscape of the literature on environmental, social, governance disclosure and firm value: a bibliometric analysis and systematic review. Sustainability, 16(10), 4239.
Cao, C., Chen, Q., & Zhu, L. (2024). Corporate Greenwashing Unexpectedly Caused by the Green Credit Policy: A Comparison between Environmental Sustainability Information Disclosure and Actual Environmental Protection Investment from China's Listed Companies. Sustainability, 16(17), 7369.
Chang, K., Liu, L., Luo, D., & Xing, K. (2023). The impact of green technology innovation on carbon dioxide emissions: The role of local environmental regulations. Journal of Environmental Management, 340, 117990.
Chen, Y., Xu, Z., Wang, X., & Yang, Y. (2023). How does green credit policy improve corporate social responsibility in China? An analysis based on carbon-intensive listed firms. Corporate Social Responsibility and Environmental Management, 30(2), 889-904.
Chrysikopoulos, S. K., Chountalas, P. T., Georgakellos, D. A., & Lagodimos, A. G. (2024). Green certificates research: bibliometric assessment of current state and future directions. Sustainability, 16(3), 1129.
Cormier, D., Magnan, M., & Van Velthoven, B. (2005). Environmental disclosure quality in large German companies: economic incentives, public pressures or institutional conditions?. European accounting review, 14(1), 3-39.
Deng, W., & Zhang, Z. (2023). Environmental regulation intensity, green finance, and environmental sustainability: empirical evidence from China based on spatial metrology. Environmental Science and Pollution Research, 30(24), 66228-66253.
Deng, X., & Li, L. (2020). Promoting or inhibiting? The impact of environmental regulation on corporate financial performance-An empirical analysis based on China. International Journal of Environmental Research and Public Health, 17(11), 3828.
Ding, X., Jing, R., Wu, K., Petrovskaya, M. V., Li, Z., Steblyanskaya, A., ... & Makarov, V. M. (2022). The impact mechanism of green credit policy on the sustainability performance of heavily polluting enterprises-based on the perspectives of technological innovation level and credit resource allocation. International Journal of Environmental Research and Public Health, 19(21), 14518.
Ellili, N. O. D. (2022). Bibliometric analysis and systematic review of environmental, social, and governance disclosure papers: current topics and recommendations for future research. Environmental Research Communications, 4(9), 092001.
Fatima, T., Li, B. X., & Zhang, D. (2024). Fostering innovation sustainability with the impact of incremental environmental information disclosure under green credit constraints. Environment, Development and Sustainability, 1-28.
Gerged, A. M., Arslan, D. H. M., Abbas, A., Chen, S., & Manzoor, S. (2021). Review of Corporate Environmental Disclosure Research: A Bibliometric Approach. Available at SSRN 3982298.
He, J., Xue, H., Yang, W., Zhong, Y., & Fan, B. (2025). Green Credit Policy and Corporate Green Innovation. International Review of Economics & Finance, 104031.
He, L., Gan, S., & Zhong, T. (2022). The impact of green credit policy on firms' green strategy choices: green innovation or green-washing?. Environmental Science and Pollution Research, 29(48), 73307-73325.
Iatridis, G. E. (2013). Environmental disclosure quality: Evidence on environmental performance, corporate governance and value relevance. Emerging Markets Review, 14, 55-75.
Khan, M. A. (2022). ESG disclosure and firm performance: A bibliometric and meta analysis. Research in International Business and Finance, 61, 101668.
Lee, E. (2010). Information disclosure and environmental regulation: green lights and gray areas. Regulation & governance, 4(3), 303-328.
Li, M., Wang, X., Wang, Z., Maqbool, B., Hussain, A., & Khan, W. A. (2022). Bibliometric analysis of the research on the impact of environmental regulation on green technology innovation based on CiteSpace. International Journal of Environmental Research and Public Health, 19(20), 13273.
Lu, Z., & Li, H. (2023). Does environmental information disclosure affect green innovation?. Economic Analysis and Policy, 80, 47-59.
Luo, W., Guo, X., Zhong, S., & Wang, J. (2019). Environmental information disclosure quality, media attention and debt financing costs: Evidence from Chinese heavy polluting listed companies. Journal of Cleaner Production, 231, 268-277.
Mallin, K. (2023). Government-Mandated ESG Disclosure: It's Not Easy Being Green. Hous. L. Rev., 61, 855.
Moroney, R., Windsor, C., & Aw, Y. T. (2012). Evidence of assurance enhancing the quality of voluntary environmental disclosures: An empirical analysis. Accounting & Finance, 52(3), 903-939.
Naeem, M. A., Karim, S., Rabbani, M. R., Bashar, A., & Kumar, S. (2023). Current state and future directions of green and sustainable finance: A bibliometric analysis. Qualitative Research in Financial Markets, 15(4), 608-629.
Ortas, E., Gallego-Alvarez, I., & Álvarez Etxeberria, I. (2015). Financial factors influencing the quality of corporate social responsibility and environmental management disclosure: A quantile regression approach. Corporate Social Responsibility and Environmental Management, 22(6), 362-380.
Shi, D., Bu, C., & Xue, H. (2021). Deterrence effects of disclosure: The impact of environmental information disclosure on emission reduction of firms. Energy Economics, 104, 105680.
Shi, M., Jia, Z., & Mehmood, U. (2023). Exploring the roles of green finance and environmental regulations on CO2es: defining the roles of social and economic globalization in the next eleven nations. Environmental Science and Pollution Research, 30(22), 62967-62980.
Shoeb, M., Aslam, A., & Aslam, A. (2022). Environmental accounting disclosure practices: A bibliometric and systematic review. International Journal of Energy Economics and Policy, 12(4), 226-239.
Srivastava, A. (2024). Six decades of corporate disclosure research: a bibliometric review. Managerial Finance, 50(4), 768-790.
Sun, J., Zheng, L., & Zhan, M. (2025). New path to green transformation: Exploring the impact of corporate governance on environmental information disclosure quality of new energy companies. Journal of Environmental Management, 373, 123789.
Tan, Y., & Zhu, Z. (2022). The effect of ESG rating events on corporate green innovation in China: The mediating role of financial constraints and managers' environmental awareness. Technology in Society, 68, 101906.
Toms, J. S. (2002). Firm resources, quality signals and the determinants of corporate environmental reputation: some UK evidence. The British accounting review, 34(3), 257-282.
Tong, L., Jabbour, C. J. C., Najam, H., & Abbas, J. (2022). Role of environmental regulations, green finance, and investment in green technologies in green total factor productivity: Empirical evidence from Asian region. Journal of Cleaner Production, 380, 134930.
Wang, J., Ma, M., Dong, T., & Zhang, Z. (2023). Do ESG ratings promote corporate green innovation? A quasi-natural experiment based on SynTao Green Finance's ESG ratings. International Review of Financial Analysis, 87, 102623.
Wang, N., Li, D., Cui, D., & Ma, X. (2022b). Environmental, social, governance disclosure and corporate sustainable growth: Evidence from China. Frontiers in Environmental Science, 10, 1015764.
Wang, S., & Chang, Y. (2024). A study on the impact of ESG rating on green technology innovation in enterprises: An empirical study based on informal environmental governance. Journal of Environmental Management, 358, 120878.
Wang, S., Zhou, Z., & Tian, K. (2022a). Environmental awareness and environmental information disclosure: An empirical study based on energy industry. Frontiers in Psychology, 13, 1038040.
Wang, Y. (2024). Impact of environmental information disclosure on environmental regulation intensity: evidence from 113 cities in China. Scientific Reports, 14(1), 25357.
Wang, Y., Yang, Y., Fu, C., Fan, Z., & Zhou, X. (2021). Environmental regulation, environmental responsibility, and green technology innovation: Empirical research from China. Plos one, 16(9), e0257670.
Wang, Y., Zhao, Z., Shi, M., Liu, J., & Tan, Z. (2024). Public environmental concern, government environmental regulation and urban carbon emission reduction-Analyzing the regulating role of green finance and industrial agglomeration. Science of the Total Environment, 924, 171549.
Wang, Z., & Chu, E. (2024). Shifting focus from end-of-pipe treatment to source control: ESG ratings' impact on corporate green innovation. Journal of Environmental Management, 354, 120409.
Wu, J., Tang, Q., & Yang, Y. (2023). Does green credit policy affect corporate innovation performance? A quasi-natural experiment based on Green Credit Guidelines. Plos one, 18(10), e0291764.
Xiang, X., Liu, C., Yang, M., & Zhao, X. (2020). Confession or justification: The effects of environmental disclosure on corporate green innovation in China. Corporate Social Responsibility and Environmental Management, 27(6), 2735-2750.
Xu, P., Ye, P., Jahanger, A., Huang, S., & Zhao, F. (2023). Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms. Corporate Social Responsibility and Environmental Management, 30(5), 2623-2638.
Xu, W., Li, M., & Xu, S. (2023). Unveiling the "Veil" of information disclosure: Sustainability reporting "greenwashing" and "shared value". PLoS One, 18(1), e0279904.
Xu, X., Jing, R., & Lu, F. (2022). Environmental regulation, corporate social responsibility (CSR) disclosure and enterprise green innovation: evidence from listed companies in China. International Journal of Environmental Research and Public Health, 19(22), 14771.
Yan, Y., Cheng, Q., Huang, M., Lin, Q., & Lin, W. (2022). Government environmental regulation and corporate ESG performance: evidence from natural resource accountability audits in China. International Journal of Environmental Research and Public Health, 20(1), 447.
Yang, C., Zhu, C., & Albitar, K. (2024). ESG ratings and green innovation: AU-shaped journey towards sustainable development. Business Strategy and the Environment, 33(5), 4108-4129.
Yang, X., Zhang, Z., Rao, S., Liu, B., & Li, Y. (2022). How does environmental information disclosure affect pollution emissions: firm-level evidence from China. International Journal of Environmental Research and Public Health, 19(19), 12763.
Zhang, J., Kang, L., Li, H., Ballesteros-Pérez, P., Skitmore, M., & Zuo, J. (2020). The impact of environmental regulations on urban green innovation efficiency: The case of Xi'an. Sustainable Cities and Society, 57, 102123.
Zhang, S., Zhang, M. A., Qiao, Y., Li, X., & Li, S. (2022). Does improvement of environmental information transparency boost firms' green innovation? Evidence from the air quality monitoring and disclosure program in China. Journal of Cleaner Production, 357, 131921.
Zhang, W., Zhao, Y., & Meng, F. (2024). ESG performance and green innovation of Chinese enterprises: Based on the perspective of financing constraints. Journal of Environmental Management, 370, 122955.
Zhen, Z., & Lu, B. (2024). The impact of green finance on corporate carbon disclosure: Financial regulation as a moderator. Finance Research Letters, 63, 105273.
Zhou, J., Lei, X., & Yu, J. (2024). ESG rating divergence and corporate green innovation. Business Strategy and the Environment, 33(4), 2911-2930.
Zhou, Y., Huo, W., Bo, L., & Chen, X. (2023). Impact and mechanism analysis of ESG ratings on the efficiency of green technology innovation. Finance Research Letters, 58, 104591.
Zhu, D., Liu, C., Dong, Y., & Hua, J. (2022). The effect of environmental regulation on corporate environmental governance behavior and its mechanisms. Sustainability, 14(15), 9050.
Zhu, F., Xu, X., & Sun, J. (2024). The short board effect of ESG rating and corporate green innovation activities. Plos one, 19(3), e0299795
