{"title":"Carbon emissions reduction: Crowding out or feeding back on corporate profitability?","authors":"Zhehao Huang , Yaya Su , Yuanqi Zhao","doi":"10.1016/j.frl.2024.106689","DOIUrl":null,"url":null,"abstract":"<div><div>This study examined the effect of carbon emissions reduction on corporate profitability. We theoretically prove that carbon emissions reduction would crowd out corporate profitability in the short run, shifting into a feeding-back effect in the long run. The findings provide reliable evidence for the synergy between environmental regulation and economic development.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"74 ","pages":"Article 106689"},"PeriodicalIF":6.9000,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612324017185","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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Abstract
This study examined the effect of carbon emissions reduction on corporate profitability. We theoretically prove that carbon emissions reduction would crowd out corporate profitability in the short run, shifting into a feeding-back effect in the long run. The findings provide reliable evidence for the synergy between environmental regulation and economic development.
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