产品市场竞争与碳信息披露:来自中国的证据

IF 2.8 4区环境科学与生态学 Q3 ENVIRONMENTAL SCIENCES

Carbon Management Pub Date : 2022-01-02 DOI:10.1080/17583004.2022.2100830

Xiying Luo, Ruimin Zhang, Jingjing Wang

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引用次数: 1

摘要

摘要本文以2015 - 2019年中国8个高耗能行业的上市公司为样本，研究了产品市场竞争强度与碳信息披露的关系，并探讨了盈利压力和环境合法性压力对这一关系的调节作用。通过内容分析构建企业碳信息披露的综合测度，我们发现产品市场竞争强度与企业碳信息披露呈负相关。在盈利压力较小、环境合法性压力较大的企业中，产品市场竞争强度与碳信息披露之间的负相关关系更为明显。额外的检验还表明，产品市场竞争对碳信息披露的影响在国有企业和大型企业中更为明显。我们的结果对各种稳健性测试具有稳健性。本研究对碳信息披露文献进行了拓展，对不同利益相关者促进中国企业气候信息披露具有重要启示意义。

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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Product market competition and carbon disclosure: Evidence from China

Abstract Based on a sample of Chinese publicly listed firms in eight high energy-consuming industries from 2015 to 2019, this study investigates the relationship between the intensity of product market competition and carbon disclosure and explores the moderating effect of earnings pressure and environmental legitimacy pressure on this relationship. Using content analysis to construct an integrated measure of corporate carbon disclosure, we find that the intensity of product market competition is negatively associated with carbon disclosure. The negative relationship between the intensity of product market competition and carbon disclosure is more pronounced among firms facing fewer earnings pressures and greater environmental legitimacy pressures. The additional tests also show that the effect of product market competition on carbon disclosure is more pronounced among state-owned firms and large firms. Our results are robust to various robustness tests. This study extends the literature on carbon disclosure and has important implications for different stakeholders to promote corporate climate-related disclosure in China.

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来源期刊

Carbon Management ENVIRONMENTAL SCIENCES-

CiteScore

5.80

自引率

3.20%

发文量

期刊介绍： Carbon Management is a scholarly peer-reviewed forum for insights from the diverse array of disciplines that enhance our understanding of carbon dioxide and other GHG interactions – from biology, ecology, chemistry and engineering to law, policy, economics and sociology. The core aim of Carbon Management is it to examine the options and mechanisms for mitigating the causes and impacts of climate change, which includes mechanisms for reducing emissions and enhancing the removal of GHGs from the atmosphere, as well as metrics used to measure performance of options and mechanisms resulting from international treaties, domestic policies, local regulations, environmental markets, technologies, industrial efforts and consumer choices. One key aim of the journal is to catalyse intellectual debate in an inclusive and scientific manner on the practical work of policy implementation related to the long-term effort of managing our global GHG emissions and impacts. Decisions made in the near future will have profound impacts on the global climate and biosphere. Carbon Management delivers research findings in an accessible format to inform decisions in the fields of research, education, management and environmental policy.