Carbon Policy Effect: Dual Carbon Strategy on Profitability of Manufacturing Enterprises
DOI:
https://doi.org/10.54097/zrc0ts63Keywords:
, Enterprise profitability, Mediating effectAbstract
The manufacturing industry is a major contributor to the carbon emissions of China. Studying the changes in the profitability of manufacturing enterprises is conducive to observing the impacts and focuses that the "dual carbon" goal brings to manufacturing enterprises,thereby better facilitating the achievement of the "dual carbon" goal.This paper organizes a total of 18,329 sample data from 3,061 manufacturing enterprises in China.It shows that the"dual carbon"policy significantly improved the profitability of enterprises located in regions with well-established low-carbon pilot programs. Then, it’s also found that strategy has a positive effect on profitability for enterprises which belong to the eastern region, non-high polluting industries,or with high ownership concentration. Lastly,it’s also discovered that there is a mediating effect of "dual carbon"strategy which helps to better understand the impact mechanism of improving profitability for manufacturing enterprise under the pressure of regulation.
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