摘要
关注市场激励型环境规制对企业战略变革的影响,基于2008—2020年沪深A股上市公司财务数据,运用渐进双重差分模型实证检验碳排放权交易市场对企业战略变革的影响。结果发现:碳排放权交易市场对企业战略变革有显著促进作用,但存在较长周期的滞后;碳排放权交易市场通过激励企业绿色技术创新和提升企业环境信息披露水平进而促进企业战略变革,且对非国有企业和重污染行业的促进效果更加显著。因此,应不断深化碳排放权交易市场改革,推动绿色低碳成为企业战略发展方向,构建绿色技术创新引导机制,完善环境信息披露制度,激励企业加快绿色化转型。
Focusing on the impact of market incentive-based environmental regulation on corporate strategic deviance,we empirically test the impact of carbon emission trading market on corporate strategic deviance using asymptotic double difference model based on the financial data of Shanghai and Shenzhen A-share listed companies from 2008 to 2020.The results show that the carbon emission trading market has a significant effect on the strategic deviance of enterprises,but with a long lag;the carbon emission trading market promotes the strategic deviance of enterprises by stimulating green technology innovation and improving the level of environmental information disclosure,and the effect is more significant for non-state enterprises and heavy polluting industries.Therefore,we should deepen the reform of carbon emission trading market,promote green and low-carbon as the strategic development direction of enterprises,build a green technology innovation guidance mechanism,improve the environmental information disclosure system,and stimulate enterprises to accelerate their green transformation.
作者
张彩平
刘发龙
谭德明
ZHANG Caiping;LIU Falong;TAN Deming(School of Economics,Management and Law,University of South China,Hengyang Hunan 421001,China)
出处
《生态经济》
北大核心
2024年第11期23-30,共8页
Ecological Economy
基金
湖南省哲学社会科学基金“学术湖南”精品培育项目“‘双碳’目标导向的碳信息披露体系设计及标准化建设研究”(22ZDAJ011)
湖南省哲学社会科学基金重点项目“‘双碳’目标背景下企业低碳价值指数的理论与实践研究”(21ZDB017)
南华大学研究生科研创新项目“碳交易规制对企业战略差异的影响机制研究”(223YXC049)。
关键词
碳排放权交易
企业战略变革
绿色技术创新
环境信息披露
carbon emission trading
corporate strategic deviance
corporate green innovation
environmental information disclosure
