In order to achieve the dual carbon goals,enterprises have the responsibility to disclose a higher level of carbon information to the outside world.Taking A-share listed companies from 2013 to 2020 as research samples,this paper empirically examines the relationship between the level of carbon information disclosure and corporate inefficient investment.The results show that improving the level of carbon information disclosure can effectively correct corporate inefficient investment.Carbon information disclosure affects corporate inefficient investment by improving information transparency and inhibiting excess management.The corrective effect of carbon information disclosure on inefficient investment varies according to the nature of property rights and the degree of marketization of the region where enterprises are located.In order to improve the quality of carbon emission information disclosure of listed companies in China,it is suggested that relevant institutions should improve the carbon information disclosure system and strengthen the targeted policy formulation to encourage more enterprises to participate in carbon information disclosure,and establish a complete carbon information disclosure rating system to scientifically evaluate the level of corporate carbon information disclosure.
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