The impact of the carbon emissions trading scheme on corporate strategic deviance in China

Caiping Zhang, Falong Liu, Dawei Wu, Deming Tan and Linping Niu

Technological Forecasting and Social Change, 2025, vol. 212, issue C

Abstract: In recent years, much research has been conducted on the carbon emissions trading scheme policy. However, more studies need to focus on the impact of the carbon emissions trading scheme on corporate strategy. In order to address this research gap, drawing on panel data of Chinese A-share listed companies from 2008 to 2020, a quasi-natural experiment was conducted on the impact of the carbon emissions trading scheme on corporate strategic deviance, using a staggered DID model. The results showed that the carbon emissions trading scheme is positively related to corporate strategic deviance, and this relationship has a significant lag. The mechanism analysis demonstrated that the carbon emissions trading scheme can promote innovation quality and environmental performance, thereby indirectly promoting improvement in corporate strategic deviance. The heterogeneity analysis revealed that the carbon emissions trading scheme has a more significant positive relationship with corporate strategic deviance in non-state-owned enterprises, highly polluting industries, and provinces with weak environmental regulation.

Keywords: Carbon emissions trading scheme; Corporate strategic deviance; Innovation quality; Environmental performance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:212:y:2025:i:c:s0040162524007509

DOI: 10.1016/j.techfore.2024.123952

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