Evaluating and prioritizing strategies to reduce carbon emissions in the circular economy for environmental sustainability

Journal of Environmental Management, Год журнала: 2024, Номер 373, С. 123446 - 123446

Опубликована: Ноя. 25, 2024

Язык: Английский

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The Impact of Fiscal Subsidies on New Energy Enterprises Sustainable Development Performance from the Climate Policy Uncertainty Perspective

Emerging Markets Finance and Trade, Год журнала: 2025, Номер unknown, С. 1 - 15

Опубликована: Фев. 11, 2025

Язык: Английский

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Climate policy uncertainty and corporate ESG performance: evidence from Chinese listed companies

China Finance Review International, Год журнала: 2025, Номер unknown

Опубликована: Март 7, 2025

Purpose This study aims to investigate the relationship between climate policy uncertainty (CPU) and corporate environmental, social governance (ESG) performance. We attempt uncover underlying rationale of how CPU influences ESG performance provides empirical evidence for companies’ strategic enhancement with risk reduction objectives. Design/methodology/approach conduct a regression analysis using panel data from 4,490 Chinese listed companies spanning period 2011 2022. In addition, we use propensity score matching (PSM), two-stage least squares (2SLS), system generalized method moments (sys-GMM) difference-in-differences (DID) methods analyze enterprise systematic risk. Findings The findings reveal positive correlation performance, stronger effect observed in non-state-owned enterprises, heavy-polluting industries those facing fierce market competition strict environmental regulation. Mechanism suggests that as increases, higher systemic tend improve more significantly, highlighting mitigation primary motive. Robustness tests further validate consistency our conclusions. Additionally, find enhancing helps mitigate risks total factor productivity arising increased CPU. Originality/value examines impact on its logic. conclusions this paper provide important references coordinated development security, well effectively mitigating adverse hope offer insights identify potential factors, thereby their level sustainable sense responsibility.

Язык: Английский

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Climate Policy Uncertainty and Corporate Disclosure Strategies: Evidence From Financial Statement Comparability

Corporate Social Responsibility and Environmental Management, Год журнала: 2025, Номер unknown

Опубликована: Фев. 24, 2025

ABSTRACT This study explores how climate policy uncertainty (CPU) impacts corporate financial reporting strategies. We employ a news‐based CPU measure using bidirectional encoder representations from transformers (BERT), an advanced deep learning model known for its sophisticated natural language processing capabilities. Based on sample of Chinese listed companies 2010 to 2023, we find negative relationship between and statement comparability. effect is more pronounced in firms with high pollution levels or significant environmental costs. Our mechanism tests reveal that leads abnormal transactions discretionary reporting, which further reduces Additionally, significantly affects accounting comparability diminishes the textual MD&A disclosures. Overall, our findings indicate higher are associated greater likelihood unusual behaviors strategic decisions, resulting decreased

Язык: Английский

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“Volatility in a Mug Cup”: Spillovers Among Cocoa, Coffee, Sugar Futures and the Role of Climate Policy Risk

Research in International Business and Finance, Год журнала: 2024, Номер unknown, С. 102634 - 102634

Опубликована: Окт. 1, 2024

Язык: Английский

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