Evidence map›Paper›PMID 41941045›Full record

ArticleCarbon balance and management2026

Analysis of the effects and mechanisms of carbon emission trading policies on the risk-taking behavior of high-carbon enterprises.

Jiali Tian, Zhipeng Wu, Jinwei Wang, Jiachao Peng, Huiyue Luo, Shuke Fu

Abstract read
In one paragraph

Article in Carbon balance and management, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.

0numbers the graph read from it
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0citing papers in PubMed
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1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

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3 · Its place in the literature

Who cites it

0 citing papers in PubMed.

No citing paper in PubMed yet.

4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

6 authors.

Jiali TianSchool of Law and Business (School of Intellectual Property), Wuhan Institute of Technology, Wuhan, 430205, China.
Zhipeng WuSchool of Law and Business (School of Intellectual Property), Wuhan Institute of Technology, Wuhan, 430205, China.
Jinwei WangCollaborative Innovation Center for Emissions Trading System Co-constructed by the Province and Ministry, Wuhan, 430205, China. wangjinwei@hbue.edu.cn.
Jiachao PengSchool of Law and Business (School of Intellectual Property), Wuhan Institute of Technology, Wuhan, 430205, China. jiachao.peng@wit.edu.cn.
Huiyue LuoChongqing Three Gorges Bank, Office of Board, Chongqing, 40110, China.
Shuke FuSchool of Law and Business (School of Intellectual Property), Wuhan Institute of Technology, Wuhan, 430205, China.

Funding

Natural national science fundation of China 72303174
6 · The paper itself

Abstract

The carbon emissions trading scheme serves as a core mechanism in China’s climate policy, playing a crucial role in advancing the nation’s dual carbon goals. Examining the impact of this strategy on risk-taking behavior in high-carbon enterprises and its underlying mechanisms has substantial theoretical and practical significance for attaining integrated environmental and economic development. This research utilizes a difference-in-differences methodology to analyze the effect of policy on risk-taking behavior in high-carbon organizations by matching panel data from publicly listed enterprises in China’s Shanghai and Shenzhen A-share markets from 2008 to 2024. Research indicates that carbon emissions trading policy substantially diminishes risk-taking behaviors in high-carbon enterprises. Heterogeneous tests reveal that the most significant suppression effects are observed in low-competition enterprises, state-owned enterprises, over-invested enterprises, declining enterprises, and enterprises located in western and eastern areas, whereas high-carbon enterprises in the central region have a promotion impact. Mechanism analysis indicates that the policy exacerbates suppression by limiting management risk appetites and reinforcing finance constraints . These findings provide empirical evidence regarding market-based incentive mechanisms for emissions reduction in China. By assessing the influence of carbon emissions trading policy on risk-taking behaviors in high-carbon enterprises, they establish a foundation for the transformation and advancement of these enterprises.

Indexed as

Carbon Emission Trading PolicyDifference-in-Differences ModelHigh-Carbon IndustriesRisk-Taking Level

Identifiers

PMID41941045
PMCPMC13261837

What OpenQuestion holds

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LicenceCC BY-NC-ND
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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.