Carbon emission trading scheme and carbon performance: The role of carbon management system

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2025-05-01 DOI:10.1016/j.bar.2024.101492

Yan Jiang , Le Luo , Albert Tsang , Yueheng Zhang

引用次数: 0

Abstract

This study investigates the effects of carbon emission trading schemes (ETSs) on corporate carbon performance, a critical area given the increasing global concern over climate change and the urgent need for effective emissions reduction mechanisms. Using a sample of listed companies in China and employing a difference-in-differences (DID) design, we find that firms participating in a pilot ETS show an improvement in carbon performance. This improvement is primarily attributed to greater low-carbon innovation outputs in the post-ETS period. Further analyses reveal the crucial role that ETSs play in enabling corporate carbon management systems to effectively enhance carbon performance. We also find that resource availability significantly influences the impact of ETSs, and participating firms generally experience economic benefits 3 years post-implementation. Finally, our results suggest that the positive effects of an ETS on carbon performance are replicable in national ETS contexts.

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碳排放权交易机制与碳绩效：碳管理体系的作用

本研究探讨了碳排放交易体系（ets）对企业碳绩效的影响，鉴于全球对气候变化的日益关注和对有效减排机制的迫切需求，这是一个关键领域。以中国上市公司为样本，采用差异中的差异（DID）设计，我们发现参与碳排放交易试点的公司在碳绩效方面有所改善。这一改善主要归因于后排放交易体系时期更大的低碳创新产出。进一步的分析揭示了碳排放交易体系在使企业碳管理系统有效提高碳绩效方面发挥的关键作用。我们还发现，资源可获得性显著影响碳交易体系的影响，参与企业通常在实施后3年获得经济效益。最后，我们的研究结果表明，碳排放交易体系对碳绩效的积极影响在国家碳排放交易体系背景下是可复制的。

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

British Accounting Review BUSINESS, FINANCE-

CiteScore

8.60

自引率

3.90%

发文量

审稿时长

76 days

期刊介绍： The British Accounting Review*is pleased to publish original scholarly papers across the whole spectrum of accounting and finance. The journal is eclectic and pluralistic and contributions are welcomed across a wide range of research methodologies (e.g. analytical, archival, experimental, survey and qualitative case methods) and topics (e.g. financial accounting, management accounting, finance and financial management, auditing, public sector accounting, social and environmental accounting; accounting education and accounting history), evidence from UK and non-UK sources are equally acceptable.