Carbon emissions reduction: Crowding out or feeding back on corporate profitability?

被引：0

作者：

Huang, Zhehao ^{[1
]}

Su, Yaya ^{[2
]}

Zhao, Yuanqi ^{[3
]}

机构：

[1] Guangzhou Univ, Guangzhou Inst Int Finance, Guangzhou, Peoples R China

[2] Hunan Univ Technol & Business, Sch Finance, Changsha, Peoples R China

[3] Univ Oxford, Math Inst, Woodstock Rd, Oxford, England

来源：

FINANCE RESEARCH LETTERS | 2025年 / 74卷

关键词：

Carbon emissions reduction; Financial performance; Dynamic programming; Environmental regulation; FINANCIAL PERFORMANCE; CHAIN;

D O I：

10.1016/j.frl.2024.106689

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examined the effect of carbon emissions reduction on corporate profitability. We theoretically prove that carbon emissions reduction would crowd out corporate profitability in the short run, shifting into a feeding-back effect in the long run. The findings provide reliable evidence for the synergy between environmental regulation and economic development.

引用

页数：9

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