Static and Dynamic Evaluation of Financing Efficiency in Enterprises’ Low-Carbon Supply Chain: PCA–DEA–Malmquist Model Method

Fayu Chen, Jinhao Liu, Xiaoyu Liu and Hua Zhang ()
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Fayu Chen: Department of Electronic Business, South China University of Technology, Guangzhou 510006, China
Jinhao Liu: School of Business, Central South University, Changsha 410083, China
Xiaoyu Liu: School of Shi Cheng, Hunan Normal University, Changsha 410081, China
Hua Zhang: Institute of Innovation and Entrepreneurship, Loughborough University London, London E20 3BS, UK

Sustainability, 2023, vol. 15, issue 3, 1-17

Abstract: The dual-carbon target brings severe challenges to enterprise financing. Low-carbon supply chain financing has become a key measure by which enterprises break through the financing bottleneck. How to accurately evaluate and optimize the financial efficiency of a low-carbon supply chain is of great significance. We developed a financial behavior scale of the low-carbon supply chain for enterprises and constructed the evaluation index system for financing efficiency of enterprises’ low-carbon supply chain. Based on the qualitative and quantitative data of 205 listed companies, we combine the PCA model with the DEA–Malmquist model to conduct static and dynamic analysis of the financing efficiency of enterprises’ low-carbon supply chain. The results show that the financing efficiency of the culture, sports, and entertainment industries needs to be improved. The pure technical efficiency of information transmission, software, and information technology services is low. The total factor productivity index of water conservancy, environment and public facilities management, and the real estate industry fluctuated significantly. In this regard, enterprises must combine the characteristics of the industry and improve the financing efficiency of the supply chain using low-carbon processes of improvement, selection of low-carbon environmental protection materials, and collaborative supply chain emission reduction to break the financing constraints of enterprises and promote the realization of the national dual-carbon target.

Keywords: low-carbon supply chain; financing efficiency; PCA model; DEA model; dual-carbon target (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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