기업특성별 중국 저탄소 기업가치 차이에 관한 연구

• 영문명: A Study on the Differences in Chinese Low-Carbon Enterprise Value by Company Characteristics
• 발행기관: 한국무역연구원
• 간행물 정보: 『무역연구』제18권 제3호, 111~129쪽, 전체 19쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2022.06.30

영문 초록

Purpose This study attempted to derive differentiated implications by analyzing the corporate value of low-carbon companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange in 2016-2020 according to the characteristics of each industry, equity structure, and stock market. Design/Methodology/Approach The data in this study were taken from A-share companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange from 2016 to 2020. Findings The analysis results are as follows. It was found that the existence of a low-carbon company has a positive effect on the increase in firm value, which can be interpreted as supporting the results of previous studies. And, in the analysis of each industry (manufacturing, non-manufacturing), equity structure (state-owned enterprises, non-state-owned enterprises) and each stock market (Shanghai Stock Exchange, Shenzhen Stock Exchange), it was confirmed that the effect of low-carbon enterprise on firm value was more significantly in the manufacturing sector, state-owned enterprises, Shanghai Stock Exchange than in the non-manufacturing sector, non-state-owned enterprises and the Shenzhen Stock Exchange. Research Implications Accordingly, companies must establish a low-carbon, eco-friendly awareness and innovate their corporate management and operating models. The government should exercise a functional advantage and provide platforms and cooperation for companies’ low-carbon conversion.

목차

Ⅰ. 서론

Ⅱ. 선행연구 및 가설

Ⅲ. 분석대상 및 연구방법

Ⅳ. 실증분석 결과

Ⅴ. 결론 및 시사점

References

키워드

Firm Value Low Carbon Company Low-carbon Economy