碳转型风险、排放交易计划和企业绩效：国际证据

IF 2.5 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2024-12-01 DOI:10.1002/mde.4434

Van Thi Thuy Vu, Khanh Hoang, Toan Luu Duc Huynh

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引用次数: 0

摘要

本研究利用2010-2019年期间来自64个国家和地区的401,692家公司季度观察样本，调查了碳转型风险和排放交易计划（ets）对企业绩效的影响。利用2015年《巴黎协定》作为准自然实验，我们的差异中差异分析提供了强有力的证据，证明碳转型风险在实施碳排放交易体系的国家提高了重污染企业的绩效，但在实施碳排放交易体系的国家则不然。我们的研究结果表明了碳排放交易体系在可持续发展中的重要性，并证明了碳转型风险对企业绩效的影响具有很强的异质性。

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Carbon Transition Risk, Emissions Trading Schemes, and Firm Performance: International Evidence

This study investigates the impact of carbon transition risk and emissions trading schemes (ETSs) on the firm performance using a sample of 401,692 firm-quarter observations from 64 countries and territories during the 2010–2019 period. Using the Paris Agreement 2015 as the quasi-natural experiment, our difference-in-differences analysis provides robust evidence of carbon transition risk enhancing heavy polluter firms' performance in countries that implemented ETS, but it is not the case for their counterparts. Our findings suggest the importance of ETS implementation in the sustainable development and demonstrate strong heterogeneity in the impact of carbon transition risk on corporate outcomes.

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来源期刊

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.