Sökning: id:"swepub:oai:DiVA.org:liu-196615" >
The impact of carbo...
-
Liu, WeihuaTianjin Univ, Peoples R China
(författare)
The impact of carbon neutrality policies on the stock market from a supply chain perspective
- Artikel/kapitelEngelska2023
Förlag, utgivningsår, omfång ...
-
2023
-
EMERALD GROUP PUBLISHING LTD,2023
-
printrdacarrier
Nummerbeteckningar
-
LIBRIS-ID:oai:DiVA.org:liu-196615
-
https://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-196615URI
-
https://doi.org/10.1108/IMDS-12-2022-0763DOI
Kompletterande språkuppgifter
-
Språk:engelska
-
Sammanfattning på:engelska
Ingår i deldatabas
Klassifikation
-
Ämneskategori:ref swepub-contenttype
-
Ämneskategori:art swepub-publicationtype
Anmärkningar
-
Funding Agencies|Major Program of the National Social Science Foundation of China [22ZD139]; National Natural Science Foundation of China [72091210, 72091214]
-
PurposeThis study explores the impact of carbon neutrality policies on Chinese stock market from a supply chain perspective. Specifically, the carbon policy refers to the Action Plan for Carbon Dioxide Peaking Before 2030 (the Plan) in China.Design/methodology/approachThis paper is based on the resource dependence theory (RDT) and applies the event study methodology to explore the impact. It uses the cross-sectional regression model to reveal the moderating effect of supply chain characteristics on the stock market reaction with a data set of 354 listed companies in A-shares (excluding ChiNext and SME board).FindingsThe promulgation of the Plan shows a significant negative stock market reaction. Customer concentration, out-degree centrality and smart supply chains (SSCs) have a significant negative moderating effect. In-degree centrality and supplier concentration have a significant positive moderating effect. Furthermore, the conclusions concerning out-degree centrality, supplier concentration and SSCs are counterintuitive.Practical implicationsFor policymakers, the study results provide a reference for evaluating the carbon neutrality policy. For managers, this study provides theoretical support for strategically adjusting and designing supply chain structures in the context of advocating peak carbon dioxide emissions and carbon neutrality.Originality/valueThis paper is the first attempt that includes the supply chain structure factors into the impact of carbon neutrality policies on the stock market.
Ämnesord och genrebeteckningar
Biuppslag (personer, institutioner, konferenser, titlar ...)
-
Gao, YongzhengTianjin Univ, Peoples R China
(författare)
-
Yuan, ChaolunTianjin Univ, Peoples R China
(författare)
-
Wang, DiShanxi Univ Finance & Econ, Peoples R China
(författare)
-
Tang, OuLinköpings universitet,Produktionsekonomi,Tekniska fakulteten(Swepub:liu)outa49
(författare)
-
Tianjin Univ, Peoples R ChinaShanxi Univ Finance & Econ, Peoples R China
(creator_code:org_t)
Sammanhörande titlar
-
Ingår i:Industrial management & data systems: EMERALD GROUP PUBLISHING LTD0263-55771758-5783
Internetlänk
Hitta via bibliotek
Till lärosätets databas