Public Policy, Carbon Trading Regulation, and Financial Reporting: Evidence from China's Emissions Trading System
公共政策、炭素取引規制、財務報告：中国排出量取引制度からの証拠 (AI 翻訳)
Lemuel David, Jianling Wang, Idrissa I. Cisse, Dukanwojo Beulah Suleman
🤖 gxceed AI 要約
日本語
本研究は、中国の排出量取引制度（ETS）の段階的導入を自然実験として、炭素取引規制が財務報告の認識特性に与える影響を検証する。差の差分析等により、ETSへの曝露が条件付き保守主義を高め、減損や環境引当金の認識を加速し、アナリスト予測の分散を減らし、監査努力を増加させることを示す。効果は高排出企業で強く、規制当局が検証可能な下方リスクへの曝露と整合的である。
English
This study uses China's staggered ETS rollout (2014-2021) as a natural experiment to show that carbon trading regulation increases conditional conservatism, accelerates impairment and environmental provision recognition, reduces analyst forecast dispersion, and increases audit effort, especially in high-emitting firms. It identifies public policy as a source of accounting verifiability, extending the conservatism literature and showing how environmental regulation reshapes financial reporting.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示や有報での気候関連情報が義務化されつつあり、炭素価格が会計認識に与える影響は、企業の財務諸表作成や監査実務に直接関わる。本研究成果は、日本の排出量取引制度導入やカーボンプライシング政策を検討する際の参考となる。
In the global GX context
Globally, this paper provides causal evidence that carbon pricing affects accounting recognition, relevant to ISSB/CSRD disclosure and audit practices. It demonstrates that regulatory exposure to emissions trading influences conservatism and provision timing, offering insights for standard-setters and auditors in jurisdictions implementing carbon pricing.
👥 読者別の含意
🔬研究者:Provides causal evidence linking carbon regulation to accounting conservatism and recognition timing, extending the accounting and ESG literature.
🏢実務担当者:Highlights how ETS exposure may affect financial statements, impairment timing, and audit effort, informing disclosure and compliance planning.
🏛政策担当者:Shows that carbon pricing has measurable effects on financial reporting quality and verifiability, supporting policy design and regulatory impact assessment.
📄 Abstract（原文）
This study examines whether carbon trading regulation influences the recognition properties of financial reporting. Using the staggered rollout of China's Emissions Trading System (ETS) between 2014 and 2021 as a natural experiment, we employ difference-in-differences, event-study, and triple-difference designs to identify the effects of regulatory exposure on accounting outcomes. We find that ETS exposure increases conditional conservatism, accelerates the recognition of impairments and environmental provisions, reduces analyst forecast dispersion, and increases audit effort. The effects are stronger among high-emitting firms, consistent with greater exposure to regulator-verifiable downside risk. The findings suggest that carbon-pricing policies influence not only operational decisions and disclosure practices but also the timing and measurement of accounting recognition. By identifying public policy as a source of accounting verifiability, the study extends the conservatism literature and provides new evidence on how environmental regulation reshapes the informational foundations of financial reporting.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.2139/ssrn.6906367first seen 2026-08-04 04:38:23
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。