Regional carbon efficiency and corporate risk-taking

被引：0

作者：

Chen, Xiaohui ^{[1
]}

Chen, Wen ^{[2
]}

Wang, Xiaoxiang ^{[3
]}

机构：

[1] Sichuan Univ, Sch Digital Econ, Jinjiang Coll, Meishan 620860, Peoples R China

[2] Nanjing Agr Univ, Coll Finance, 1 Weigang, Nanjing 210095, Jiangsu, Peoples R China

[3] Southwestern Univ Finance & Econ, Sch Finance, Chengdu 611130, Sichuan, Peoples R China

来源：

ECONOMIC CHANGE AND RESTRUCTURING | 2024年 / 57卷 / 03期

基金：

中国国家自然科学基金;

关键词：

Carbon emission; Regional carbon efficiency; Corporate risk-taking; POLICY; INVESTMENT; EMISSIONS; MATTER;

D O I：

10.1007/s10644-024-09695-w

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on Chinese city data and a sample of A-share listed companies from 2008-2019, we empirically confirm that improving regional carbon efficiency is conducive to enhancing corporate risk-taking. The mechanism tests show that improving regional carbon efficiency can increase corporate risk-taking by reducing corporate carbon risk. Reducing carbon risk leads to an increase in debt financing, a reduction in agency costs between shareholders and managers, and an incentive for R&D investments.

引用

页数：30

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