Globally,society's concern about climate change and sustainable development has been rising,and companies are gradually recognising their impact on the environment and the challenges posed by climate change and carbon emissions.Against this background,the article empirically investigates the effect and mechanism of carbon disclosure on corporate financial performance using a sample of advanced manufacturing companies listed in Shanghai and Shenzhen A-shares from 2019-2022.The results show that carbon disclosure has a positive effect on corporate financial performance;R&D investment plays a par...
