Carbon emissions trading system and investment efficiency: Evidence from China
- Publisher:
- Elsevier
- Publication Type:
- Journal Article
- Citation:
- Journal of Cleaner Production, 2022, 358, (-), pp. 131782
- Issue Date:
- 2022-07-15
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| Filename | Description | Size | |||
|---|---|---|---|---|---|
| 1-s2.0-S0959652622013944-main.pdf | Published version | 1.1 MB |
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The economic consequences of environmental regulations remain controversial This study examines the impact of carbon emissions trading on enterprises investment efficiency The results show that carbon emissions trading restrains over investment and promotes the investment efficiency of enterprises Additionally this relationship is more significant in enterprises in higher levels of corporate governance and state owned enterprises This study enriches the literature on emissions trading systems from the perspective of micro resource allocation efficiency enriches the application of the Porter hypothesis and expands the relevant research on the factors affecting enterprise investment efficiency Moreover the results have important practical significance for governments implementing carbon emission reduction policies and enterprises participating in carbon emissions trading 2022 Elsevier Ltd
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