Item request has been placed! ×
Item request cannot be made. ×
loading  Processing Request

Can carbon emissions trading policy promote product bargaining power increases for high-carbon enterprises? Evidence from China.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
  • المؤلفون: Wang S;Wang S;Wang S; Li J; Li J; Li J
  • المصدر:
    PloS one [PLoS One] 2024 Jun 17; Vol. 19 (6), pp. e0302916. Date of Electronic Publication: 2024 Jun 17 (Print Publication: 2024).
  • نوع النشر :
    Journal Article
  • اللغة:
    English
  • معلومة اضافية
    • المصدر:
      Publisher: Public Library of Science Country of Publication: United States NLM ID: 101285081 Publication Model: eCollection Cited Medium: Internet ISSN: 1932-6203 (Electronic) Linking ISSN: 19326203 NLM ISO Abbreviation: PLoS One Subsets: MEDLINE
    • بيانات النشر:
      Original Publication: San Francisco, CA : Public Library of Science
    • الموضوع:
    • نبذة مختصرة :
      Carbon emissions trading policies play a crucial role in facilitating the transition to high-end products within high-carbon enterprises. Nevertheless, current empirical analyses of the carbon emissions trading market exhibit a lack of precision and are susceptible to bias in their findings. Limited research has been conducted on the influence of product quality as a potential constraint on the impact of carbon trading on product bargaining power. This study presents a double-difference model utilizing data on emission-control enterprises in China's carbon market to examine the influence of the carbon emissions trading mechanism on the bargaining power of high-carbon products. Empirical analysis is conducted using financial data from listed companies in China spanning the years 2010 to 2020. The findings indicate that the implementation of carbon emissions trading policies has a dampening impact on the product bargaining power of high-carbon enterprises. Moreover, carbon emissions trading policies have heterogeneous effects on the product bargaining power of high-carbon firms with different life cycles, with mature high-carbon firms receiving a boost and declining high-carbon firms receiving a dampening effect. Mechanism test finds that the incomplete transmission effect of cost shocks resulting from carbon emissions trading policies has negatively affect the product bargaining power of high-carbon enterprises. Further research finds that product quality is a key factor in determining the effect of the carbon emissions trading policy, and that the impact of the carbon emissions trading policy on the bargaining power of products of high-carbon firms takes on a "U" shape due to product quality. Once the product quality exceeds the bottleneck value of 0.5956, the policy significantly increases the bargaining power of products. The study confirms that the establishment of carbon markets can effectively increase the bargaining power of superior products. These results offer a comprehensive theoretical and practical foundation for nations to advance the development of carbon markets and facilitate the achievement of sustainable development by high-carbon enterprises.
      Competing Interests: The authors have declared that no competing interests exist.
      (Copyright: © 2024 Wang, Li. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
    • References:
      Environ Sci Pollut Res Int. 2023 May;30(24):66228-66253. (PMID: 37097566)
      Environ Sci Pollut Res Int. 2023 Sep;30(42):95773-95788. (PMID: 37556053)
      Environ Sci Pollut Res Int. 2023 Aug;30(40):92469-92481. (PMID: 37491494)
      J Environ Manage. 2022 Sep 1;317:115199. (PMID: 35636105)
      Environ Sci Pollut Res Int. 2023 Aug;30(40):92162-92181. (PMID: 37486468)
      Environ Sci Pollut Res Int. 2023 Sep;30(42):96424-96440. (PMID: 37567993)
      Environ Sci Pollut Res Int. 2023 Sep;30(43):96948-96964. (PMID: 37584792)
      J Environ Manage. 2023 Apr 1;331:117269. (PMID: 36640646)
      Environ Sci Pollut Res Int. 2023 Jan;30(1):1253-1262. (PMID: 35913691)
      Environ Sci Pollut Res Int. 2023 Jul 3;:. (PMID: 37395878)
      Environ Sci Pollut Res Int. 2023 Apr;30(19):55846-55863. (PMID: 36905536)
      Environ Sci Pollut Res Int. 2021 Sep;28(35):48392-48407. (PMID: 33907959)
      Environ Sci Pollut Res Int. 2023 Mar;30(13):37219-37232. (PMID: 36567394)
    • الرقم المعرف:
      7440-44-0 (Carbon)
      142M471B3J (Carbon Dioxide)
    • الموضوع:
      Date Created: 20240617 Date Completed: 20240617 Latest Revision: 20240619
    • الموضوع:
      20240619
    • الرقم المعرف:
      PMC11182541
    • الرقم المعرف:
      10.1371/journal.pone.0302916
    • الرقم المعرف:
      38885269