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碳交易对上市公司的影响分析——基于事件分析法的研究 被引量：2

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摘要 本文利用2006-2012年的数据,采用事件分析法研究了CDM的碳交易形式对于上市公司收益率的影响。研究结果显示:上市公司CDM项目成功注册当日,市场规模最小的3家公司有显著为正的异常收益率,但是上市公司整体的异常收益率并不显著为正;在事件窗内,上市公司也没有显著为正的累积异常收益率;不论是注册当日还是事件窗内,规模较小的公司的异常收益率(或累积异常收益率)都明显高于规模较大的公司的相应收益率,小规模公司从CDM项目中将会获得更高的收益。
作者 任志娟
机构地区 首都经济贸易大学经济学院 北京工商大学嘉华学院
出处 《东岳论丛》 CSSCI 北大核心 2012年第11期136-140,共5页 DongYue Tribune
基金 国家社会科学基金重点项目"我国碳排放总量确定 指标分配 实现路径机制设计博弈分析及动态模拟研究"(10AJY002) 北京市哲学社会科学规划项目"目标管理模式下北京市实现碳强度目标的机制与路径研究"(11JGC127)
关键词 碳交易 CDM 事件分析法 异常收益率 累积异常收益率 碳排放 低碳经济
分类号 F830.59 [经济管理—金融学]
  • 相关文献

参考文献8

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二级参考文献20

  • 1陈信元,江峰.事件模拟与非正常收益模型的检验力——基于中国A股市场的经验检验[J].会计研究,2005(7):25-31. 被引量：47
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共引文献6

同被引文献22

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  • 8Wang,B.Can CDM Bring Technology Transfer to China?An Empirical Study of Technology Transfer in China's CDM Projects[J].Energy Policy,2010,38(5):2572-2585.
  • 9Michele,S.Evidence of the Clean Development Mechanism Impact on the Chinese Electric Power System's Low-carbon Transition[J].Energy Policy,2013,62(11):1309-1319.
  • 10Zhao,Z.Y.,Li,Z.W.,Xia,B.The Impact of the CDM(Clean Development Mechanism)on the Cost Price of Wind Power Electricity:A China Study[J].Energy,2014,69(5):179-185.

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二级引证文献12

东岳论丛
2012年 第11期

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