Greener together: The impact of China's mixed-ownership reform on firm carbon emissions

Lu Yu, Yinwei Liu, Yiran Niu and Zumian Xiao

Energy Policy, 2023, vol. 180, issue C

Abstract: This research delves into the impact of mixed-ownership reform on carbon dioxide emissions within State-Owned Enterprises (SOEs), leveraging Propensity Score Matching (PSM) and Difference-in-Difference (DID) estimation methodologies. The results gleaned from our study evince that the adoption of mixed-ownership reform in China's SOEs facilitates a notable reduction in carbon emissions. Our mechanism analysis elucidates that the substitution of clean energy plays a significant role in enabling mixed-ownership reform to foster corporate carbon emission reduction. Intriguingly, our evidence reveals that the influence of mixed-ownership reform is more pronounced in curtailing carbon emissions of large-scale enterprises. Conversely, this reform appears less effective in constraining the augmentation of carbon emissions in small and medium-sized enterprises. The robustness of our findings is further buttressed by the application of alternative matching methods and results derived from the placebo test.

Keywords: Mixed-ownership reform; Carbon emissions; Energy substitution; Energy consumption structure (search for similar items in EconPapers)
JEL-codes: P11 P14 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:180:y:2023:i:c:s0301421523002744

DOI: 10.1016/j.enpol.2023.113689

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