DETERMINANTS OF CORPORATE CARBON EFFICIENCY:EVIDENCE FROM CDP 2011-2014 QUESTIONNAIRE FOR STANDARD & POOR”S 500 INDEX COMPANIES

摘要：

　　Carbon efficiency has been used to measure the economic and environmental benefits of enterprises.Studies on the influencing factors of carbon efficiency significantly affect the optimization of low-carbon management system,enhancing low-carbon operations and achieving a low-carbon economy.In accordance with the Carbon Disclosure Project (CDP),and with Standard & Poor”s 500 Index (S&P 500)enterprises during 2011-2014 as the research sample,this paper analyzes the relationships between carbon efficiency and enterprise value,institutional environment,and capital market pressure.Results indicate that carbon efficiency exhibits a positive correlation with enterprise value,a negative correlation with institutional environment,and a weak correlation with financing and asset-liability ratio.Carbon efficiency is also influenced by internal and external factors,including social,economic,and market determinants.

关键词： carbon efficiency enterprise value institutional environment listed companies standard & poor”s 500 index

作者: Zhifang Zhou Yixuan Xiao Ziqi Dong Xiao Xu Huixiang Zeng

作者单位: Business School, Central South University, Changsha, Hunan-410083, China;Collaborative Innovlation C Business School, Central South University, Changsha, Hunan-410083, China The University of Sydney Business School, Sydney-2006, Australia

会议类型: 国内会议

会议名称: 中国会计学会环境资源会计专业委员会2017学术年会

会议地点: 广州

会议语种:英文

页码: 608-627

在线出版日期: 2017-11-01（万方平台首次上网日期，不代表论文的发表时间）