摘要
我国建立碳排放权交易市场是实现碳减排的关键市场化策略。深入探究碳排放权价格对传统能源企业价值的影响,对于指导企业管理并助力实现国家双碳目标至关重要。通过构建多元回归模型并进行实证分析,发现碳排放权价格对传统能源企业价值有显著的负面影响,尽管总体影响较小,碳排放权价格对企业短期价值的影响超过长期价值;此外,当碳排放权价格在时间上滞后一期时,其对企业价值的负面影响仍显著,显示出持续性影响效应。基于这些发现提出相关建议,旨在为我国实现双碳目标提供理论和实践参考。
The establishment of a Carbon Emission Trading Market in China is a crucial market-based strategy for achieving carbon reduction.Thoroughly examining the impact of carbon emission rights prices on the value of traditional energy companies is vital for guiding corporate management and aiding in the realization of the country's dual carbon goals.This study,utilizing a multivariate regression model and conducting empirical analysis,reveals that carbon emission rights prices have a significant negative impact on the value of traditional energy companies,although the overall effect is relatively small.Further analysis indicates that the impact of carbon emission rights prices on short-term value exceeds that on long-term value.Additionally,when the carbon emission rights prices are lagged by one period,their negative impact on company value remains significant,indicating a persistent effect.Based on these findings,the study proposes relevant recommendations aimed at providing theoretical and practical references for China to achieve its dual carbon objectives.
作者
吴中山
吴洋
杭婷婷
WU Zhongshan;WU Yang;HANG Tingting(Tongling University,Tongling 244061,China)
出处
《安阳师范学院学报》
2025年第2期71-76,共6页
Journal of Anyang Normal University
基金
2022年铜陵学院人文社科研究一般项目“双碳目标背景下碳排放权价格对企业价值的影响机理与实证研究”(项目编号:2022tlxy09)
2022年铜陵学院横向产学研项目“财务风险识别及预警咨询报告”(项目编号:2022tlxyxdz111)。
关键词
碳排放权交易市场
碳排放权价格
传统能源企业价值
carbon emission trading market
carbon emission pricing
traditional energy enterprise value
