摘要
结合我国低碳政策背景,实证检验了我国企业低碳行为与股东价值的关系,研究发现:总体而言我国企业低碳行为有利于股东价值的提升,环境敏感行业的低碳行为与股东价值的关系更显著,但是与被动的低碳行为相比,主动低碳行为并未获得更大的股东价值。这表明我国政府制定的低碳政策取得了一定的效果,但是还需要进一步培育低碳产品需求、明确碳交易或碳税等低碳政策,从而使企业主动低碳行为获得应有的更大市场回报。
The paper made and empirical study on the relationship between enterprises＇low carbon behavions and sharehold-er value in the context of Chinese low-carbon policies.The study shows that in general the low-carbon behavior can in-crease sharcholders＇value.which is more positive in environmental sensitive indusries.The active low-carbon behaviors do not bring more shareholders＇value,compared to passive low-carbon behaviors.The results indicate that the low-carbon poli-cies made by Chinese government have achieved some success,but it still need to foster the demand for low-carbon prod-ucts and make the carbon rading or carbon tax policy clear in order to help the active carbon behaviors get greater market returns.
出处
《华东经济管理》
CSSCI
2014年第2期85-90,共6页
East China Economic Management
基金
中央财经大学2012年博士生重点选题培育项目
中央财经大学2012年研究生科研创新基金项目
中央财经大学会计学院"碳会计研究"横向课题
关键词
低碳政策
低碳行为
市场反应
股东价值
low-carbon policy
low-carbon behavior
market reaction
shareholders＇value
