Carbon risk and investment efficiency: A merger and acquisition perspective

Liu, Kun; Su, Xiao; Lu, Lingchen

doi:10.1016/j.iref.2024.103494

International Review of Economics & Finance

2024

DOI: 10.1016/j.iref.2024.103494

|View full text |Cite

Carbon risk and investment efficiency: A merger and acquisition perspective

Kun Liu,

Xiao Su,

Lingchen Lu

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Carbon Transition Risk, Emissions Trading Schemes, and Firm Performance: International Evidence

Vu,

Hoang,

Huynh

2024

Manage Decis Econ

View full text Add to dashboard Cite

This study investigates the impact of carbon transition risk and emissions trading schemes (ETSs) on the firm performance using a sample of 401,692 firm‐quarter observations from 64 countries and territories during the 2010–2019 period. Using the Paris Agreement 2015 as the quasi‐natural experiment, our difference‐in‐differences analysis provides robust evidence of carbon transition risk enhancing heavy polluter firms' performance in countries that implemented ETS, but it is not the case for their counterparts. Our findings suggest the importance of ETS implementation in the sustainable development and demonstrate strong heterogeneity in the impact of carbon transition risk on corporate outcomes.

show abstract

Carbon Transition Risk, Emissions Trading Schemes, and Firm Performance: International Evidence

Vu,

Hoang,

Huynh

2024

Manage Decis Econ

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Carbon risk and investment efficiency: A merger and acquisition perspective

Cited by 1 publication

References 34 publications

Carbon Transition Risk, Emissions Trading Schemes, and Firm Performance: International Evidence

Carbon Transition Risk, Emissions Trading Schemes, and Firm Performance: International Evidence

Contact Info

Product

Resources

About