Carbon risk and labor investment efficiency
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View abstract on PubMed
Summary
This summary is machine-generated.Carbon risk negatively impacts labor investment efficiency in Chinese companies. This effect is amplified by factors like environmental uncertainty and financing constraints, affecting firms in specific industries.
Area Of Science
- Economics
- Environmental Science
- Business Management
Background
- Labor capital is crucial for enterprise competitiveness and resource allocation.
- Carbon risk is increasingly influencing corporate labor allocation and investment decisions.
Purpose Of The Study
- To examine the impact of corporate carbon risk on labor investment efficiency.
- To identify the mechanisms through which carbon risk affects labor investment efficiency.
- To analyze how firm characteristics moderate this relationship.
Main Methods
- Utilized data from China's A-share listed companies (2012-2021).
- Employed empirical analysis to assess the relationship between carbon risk and labor investment efficiency.
- Investigated mediating channels including environmental uncertainty, agency problems, and managerial ability.
Main Results
- Carbon risk significantly inhibits labor investment efficiency.
- Environmental uncertainty, agency problems, and managerial ability are key transmission channels.
- The negative impact is stronger in firms with weaker competitive positions and tighter financing constraints.
Conclusions
- Carbon risk poses a significant challenge to labor investment efficiency.
- Policymakers should focus on carbon risk management and improving factor market allocation.
- Targeted strategies are needed for vulnerable firms (e.g., low-tech, high-pollution industries).
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