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A Study of the Effect of Patient Capital on Climate Transition Risk Disclosure by Energy Companies

Year: 2025

Type: article

Abstract: This paper examines the impact of patient capital on the climate transition risk disclosure of energy companies and its mechanism of action, using Chinese A-share listed energy companies from 2015 to 2023. It is found that patient capital can significantly improve the level of climate transition risk disclosure of energy companies, and the conclusion still holds after a series of robustness tests. Further mechanism analysis shows that patient capital plays a positive role through two pathways: optimizing internal governance and strengthening external monitoring.

Source: Accounting and Corporate Management

DOI: 10.23977/acccm.2025.070301

Authors: Yu Ran, Zhuotao Li, Dan Wang

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Climate action

Open Access status: hybrid

OpenAlex ID: W4411248942

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