The impact of a carbon tax on financial performance and innovation performance: an empirical study of the automotive industry

IF 2.3 Q2 ECONOMICS

Environmental Economics and Policy Studies Pub Date : 2024-07-11 DOI:10.1007/s10018-024-00408-1

Fahimeh R. Chomachaei, Davood Golmohammadi

引用次数: 0

Abstract

The pressing need to address climate change has resulted in the implementation of environmental regulations, such as carbon taxes, aimed at reducing carbon emissions. However, the impact of these regulations on firm performance, particularly within the U.S. automotive industry, remains inadequately understood. This research empirically examines the potential effects of the carbon tax policy on both financial performance and innovation, with a specific focus on assessing the validity of Porter’s hypothesis. Utilizing firm-level panel data from U.S. automotive companies spanning the years 2000 to 2019, the analysis reveals a crowding-out effect of the carbon tax on both financial and innovation performance in the U.S. automotive industry.

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碳税对财务绩效和创新绩效的影响：对汽车行业的实证研究

应对气候变化的迫切需要导致了旨在减少碳排放的碳税等环境法规的实施。然而，人们对这些法规对企业绩效的影响，尤其是对美国汽车行业的影响，仍然缺乏足够的了解。本研究通过实证研究碳税政策对财务业绩和创新的潜在影响，重点评估波特假设的有效性。利用 2000 年至 2019 年美国汽车公司的公司级面板数据，分析揭示了碳税对美国汽车行业财务和创新绩效的挤出效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Environmental Economics and Policy Studies ECONOMICS-

CiteScore

4.80

自引率

0.00%

发文量

期刊介绍： As the official journal of the Society for Environmental Economics and Policy Studies and the official journal of the Asian Association of Environmental and Resource Economics, it provides an international forum for debates among diverse disciplines such as environmental economics, environmental policy studies, and related fields. The main purpose of the journal is twofold: to encourage (1) integration of theoretical studies and policy studies on environmental issues and (2) interdisciplinary works of environmental economics, environmental policy studies, and related fields on environmental issues. The journal also welcomes contributions from any discipline as long as they are consistent with the above stated aims and purposes, and encourages interaction beyond the traditional schools of thought.