ArticleCarbon balance and management2025
Exploring the transmission mechanism of low-carbon city pilot policies on enhancing agribusiness ESG performance: an empirical study using the PSM-DID model.
Article in Carbon balance and management, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
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4 citing papers in PubMed.
- The synergistic impact of low-carbon and innovative city construction on carbon intensity.Carbon balance and management · 2026Article
- Evolutionary characteristics and implementation effects of China's low-carbon policy system: a quantitative analysis based on policy texts.Carbon balance and management · 2026Article
- Maritime carbon tax's impact on China's shipping industry: economy and carbon reduction.Carbon balance and management · 2026Article
- An empirical study of the impact of environmental regulation on the eco-efficiency of digital agriculture: a quasi-natural experiment based on China's carbon emissions trading pilot policy.Carbon balance and management · 2026Article
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4 authors.
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Abstract
Amid China's sustained medium-high speed economic growth, the extensive development model has caused severe climate deterioration and environmental pollution. The implementation of low-carbon city pilot policies provides a strategic direction for the sustainable development of agribusinesses. Using unbalanced panel data from 781 agriculture-related listed enterprises in China between 2007 and 2023, this study employs the PSM-DID model to estimate the average treatment effect and heterogeneity of low-carbon city pilot policies. In addition, a mediation model is applied to examine the mechanism through which digital transformation enhances the Environmental-Social-Governance (ESG) performance of these enterprises under policies. The empirical results indicate that: (1) low-carbon city pilot policies simultaneously improve the environmental, social, and governance performance of agribusiness enterprises, thereby enhancing their overall ESG performance. (2) The impact of policies on ESG, environmental, social, and governance performance varies across regions, with the western region showing the most significant improvement in ESG performance. (3) Digital transformation plays a significant mediating role in the effect of low-carbon city pilot policies on ESG, environmental, social, and governance performance. Based on these findings, agribusiness should leverage policy advantages to enhance sustainable development through multi-dimensional performance. The government should introduce targeted policies to help enterprises define development directions and formulate localized strategies. Furthermore, agribusinesses must strengthen digital transformation as a core driver for improving ESG performance.
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