Does the carbon emissions trading scheme improve the corporate environmental information disclosure level? Evidence from China
Peilun Li,
Huilin Zhang,
Caiting Yang and
Jiafeng Zhang
Energy & Environment, 2025, vol. 36, issue 3, 1409-1442
Abstract:
Recently, a great deal of literature has discussed the effects of the carbon emissions trading scheme (CETS) and the factors that affect the corporate environmental information disclosure (CEID) level. However, no researchers have studied how CETS affects the CEID level. Based on a difference-in-difference-in-differences model, we discover that CETS can improve the CEID level. The findings are robust and persistent even after testing for time lags and leads effects, changing the measure of the dependent variable, testing for enterprise relocation, adjusting the fixed effect method, testing for concurrent policies, and performing placebo tests. The reason is that CETS can encourage corporate green technology innovation and environmental protection investment, thus improving the CEID level. Further investigation reveals that the impact of CETS on promoting the CEID level is more significant when the following conditions are met: the enterprises are in provinces and cities in the east and northeast; they are state-owned; and they have strong political connections. This paper expands on the current field of research on the influence effects of CETS, broadens the understanding of the factors influencing the CEID level, and investigates the mechanism by which CETS improves the CEID level.
Keywords: carbon emissions trading scheme; difference-in-difference-in-differences model; environmental protection investment; green technology innovation; heterogeneity test (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0958305X231195363 (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:sae:engenv:v:36:y:2025:i:3:p:1409-1442
DOI: 10.1177/0958305X231195363
Access Statistics for this article
More articles in Energy & Environment
Bibliographic data for series maintained by SAGE Publications ().