碳信息披露对企业价值创造的滞后影响研究

Research on the Lag Effect of Carbon Information Disclosure on Enterprise Value Creation

运用演绎推理法和OLS方法对碳信息披露影响企业价值创造的滞后效应进行了研究。先从理论上分析了碳信息披露对企业价值创造存在滞后影响的具体原因,然后从资本市场和产品市场两个角度展开了碳信息披露影响企业价值创造的滞后效应检验。研究发现碳信息披露对企业价值创造的影响存在滞后效应,且在资本市场上这种滞后效应会随着滞后期的增长而更加显著,而在产品市场上这种滞后效应会随着滞后期的增长而减弱。

By using event study and OLS method, this paper explores the lag effect of carbon information disclosure on enterprise value creation. First of all, this paper analyzes the specific reason of the inluence of carbon information disclosure on lag effect of enterprise value creation, tests lag effect from the two aspects of capital market and product market. The study finds that the influence of carbon information disclosure on enterprise value creation exists lag effect, and the lag effect in capital market will be more significant as the growth of lag phase and the lag effect in product market will be weaken as the growth of lag phase.