التفاصيل البيبلوغرافية
| العنوان: |
The Carbon Puzzle : Examining the Impact of China's '30•60 Dual-Carbon Target' on Carbon-Intensive and Green Firms |
| المؤلفون: |
You, Mingyuan |
| المساهمون: |
Liu, Peizhi (VerfasserIn) |
| المصدر: |
2022 |
| الناشر: |
[S.l.]: SSRN |
| اللغة: |
English |
| نوع الوثيقة: |
Elektronische Ressource im Fernzugriff |
| Manifestation: |
Monographie [unabhängig ob Stück einer Reihe] |
| مستخلص: |
By analyzing the “30•60 Dual-Carbon Target” event in China as an exogenous shock, we conduct an empirical research using event study and difference-in-difference methods to reveal an interesting reversal phenomenon where the cumulative abnormal returns (CAR) of carbon-intensive firms first fall, then grow, and eventually outperform green firms. The research also finds that the financial performance of carbon-intensive firms is not weakened by the “Dual-Carbon Target,” before analyzing if this reversal also exists around the launch day of China's national carbon emissions trading market. While carbon risk has been incorporated into the stock market, our results indicate that the low-carbon transition would be slow and iterative because of the current situation of high dependence on and rigid demand of fossil energy |
| DOI: |
10.2139/ssrn.4016959 |
| رقم الأكسشن: |
EDSZBW1810428378 |
| قاعدة البيانات: |
ECONIS |
