Impact of carbon market trading prices on corporate green innovation
炭素市場取引価格が企業のグリーンイノベーションに与える影響 (AI 翻訳)
Yaoxiaoxue hong, Heng Xu, Chang Yu
🤖 gxceed AI 要約
日本語
中国の高炭素産業における炭素価格が企業の市場競争とグリーン技術革新に与える影響を、ゲーム理論モデルと2013〜2021年のA株上場企業データを用いて分析。炭素価格の上昇は実質的なグリーンイノベーションを促進し、競争を激化させる。企業の革新能力に閾値効果があり、国有企業や環境責任スコアの低い企業で効果が顕著。
English
This study examines how carbon market prices affect corporate market competition and green innovation in China's high-carbon industries. Using a game-theoretic model and A-share listed company data from 2013-2021, it finds that rising carbon prices intensify competition by promoting substantive green innovation, with a threshold effect based on firm innovation capability. Effects are stronger in state-owned enterprises and firms with lower environmental responsibility scores.
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
中国の炭素市場政策の効果を実証しており、日本のGX政策（特にカーボンプライシング導入検討）への示唆に富む。日本の排出量取引制度設計や企業のイノベーション促進策を考える上で参考になる。
In the global GX context
Provides empirical evidence on carbon pricing effectiveness in China, relevant to global carbon market design and climate policy. The threshold effect and heterogeneity findings offer insights for policymakers and researchers worldwide.
👥 読者別の含意
🔬研究者:Provides a novel game-theoretic model and empirical evidence on carbon pricing and green innovation, useful for further research.
🏢実務担当者:Highlights how carbon pricing can drive competitive advantage through green innovation, informing corporate strategy.
🏛政策担当者:Offers evidence on the effectiveness of carbon pricing in promoting green innovation, useful for policy design.
📄 Abstract（原文）
<title>Abstract</title> This study investigates the impact of carbon market prices on corporate market competition and green technological innovation in high-carbon industries in China. We develop a game-theoretic model to analyze the effects of carbon emission restrictions on enterprises and their market competition, measured by the Herfindahl-Hirschman Index (HHI). Using data from A-share listed companies in eight major regional carbon markets from 2013 to 2021, the results indicate that rising carbon prices intensify market competition by promoting substantive green technological innovation, which reduces firms’ reliance on carbon emission quotas and enhances their competitive advantage. Furthermore, we identify a threshold effect where corporate innovation capabilities significantly influence the relationship between carbon prices and market competition. Enterprises with higher innovation capabilities respond more effectively to carbon pricing, increasing their investment in green innovation. Heterogeneity tests reveal that the impact of carbon pricing is more pronounced in state-owned enterprises and firms with lower environmental responsibility scores. These findings provide valuable insights into the mechanisms of carbon market policies and their role in fostering green economic transitions. The main contributions of this research include the development of a novel game-theoretic model to examine the mechanism driving these dynamics and the identification of a threshold effect of carbon pricing, providing valuable insights into the role of carbon market policies in promoting a green economic transition.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1057/s41599-026-08288-4first seen 2026-08-12 04:43:56
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