{"title":"Can market-based environmental regulation promote corporate intelligent transformation: Evidence from the carbon emission trading system","authors":"Songyi Chen , Qianqian Fan","doi":"10.1016/j.frl.2025.106950","DOIUrl":null,"url":null,"abstract":"<div><div>Intelligent transition is a megatrend worldwide. Using data from A-share listed companies from 2007 to 2021, this study explores the correlation between market-incentive-based environmental regulation and corporate intelligent transformation. Findings indicate that a carbon emission trading system can effectively improve the extent of enterprises’ intelligent transformation. This innovative impact is facilitated by alleviating financing constraints and strengthening external oversight. This study offers valuable insights for the government to refine the carbon trading market and foster enterprises’ intelligent transformation.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"76 ","pages":"Article 106950"},"PeriodicalIF":7.4000,"publicationDate":"2025-02-14","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/S1544612325002144","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
Intelligent transition is a megatrend worldwide. Using data from A-share listed companies from 2007 to 2021, this study explores the correlation between market-incentive-based environmental regulation and corporate intelligent transformation. Findings indicate that a carbon emission trading system can effectively improve the extent of enterprises’ intelligent transformation. This innovative impact is facilitated by alleviating financing constraints and strengthening external oversight. This study offers valuable insights for the government to refine the carbon trading market and foster enterprises’ intelligent transformation.
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