Online public opinion attention and corporate green finance development

This paper selects data from Chinese listed companies from 2007 to 2022 as empirical samples and conducts an in-depth and systematic exploration of the interactive relationship between online public opinion attention and the development of corporate green finance. Rigorous data analysis and research reveal a significant negative correlation between online public opinion attention and the development of corporate green finance. Based on this, mechanism testing further reveals that the quality of information disclosure plays a mediating role in the relationship between online public opinion attention and corporate green finance development, and this mediating effect exhibits notable heterogeneity depending on the different audit opinions received by the companies. Importantly, this study also finds that investor attention plays a key moderating role in the relationship between online public opinion attention and corporate green finance development, with this moderating effect showing heterogeneity between high-tech and non-high-tech enterprises.