TITLE:
The Impact of Environmental Information Disclosure on Corporate Resilience
AUTHORS:
Junze Hu, Xueyan Liu, Yueting Zhao, Yongjie Li
KEYWORDS:
Environmental Information Disclosure, Corporate Resilience, Corporate Innovation
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.14 No.4,
December
30,
2025
ABSTRACT: Resilience refers to an organization’s ability to rapidly adapt to changes in its external environment. Corporate resilience represents the core capacity for firm survival and serves as a key driver of sustainable socioeconomic development. Using data from Chinese listed companies, this study investigates whether environmental information disclosure (EID) enhances corporate resilience. The empirical results show that EID significantly improves corporate resilience. Heterogeneity analyses reveal that the positive effect of EID on resilience is more pronounced among firms operating in less uncertain external environments and those in the maturity stage of their life cycle. Mechanism tests further demonstrate that EID strengthens resilience by improving the information environment and enhancing innovation efficiency. To address potential endogeneity concerns, this study employs instrumental variable estimation and alternative variable substitutions, and the findings remain robust across various tests. This research enriches the literature on environmental information disclosure and corporate resilience, and provides policy and managerial implications for promoting high-quality EID practices and advancing sustainable economic development.