Research On The Relationship Between Property Rights,Carbon Performance And Financial Performance Under The Background Of Carbon Neutrality

Global warming is greatly impacted by the release of greenhouse gases,for example carbon dioxide.Greenhouse gases may bring about a variety of potential outcomes,such as the accelerated melting of glaciers,an abnormal rise in sea level,high temperature heat waves,ecological destruction,and other threats to human survival.Reducing carbon emissions is a common problem faced by all mankind.Reducing carbon emissions to achieve carbon neutrality requires the participation of all countries.The huge carbon emissions generated by enterprises are an important factor in climate change.Stakeholders require them to disclose the company’s carbon emissions on time and be responsible for social impacts.For the manufacturing industry with high energy consumption,it should actively carry out energy conservation and emission reduction work,combine environmental strategy with economic strategy,and reconsider the relationship between its own development and resource environment.However,the development of any enterprise has always been centered on its economic goals,and the implementation of energy conservation and emission reduction work means that it will disperse the enterprise’s resource input and management work in its core areas,and will increase the relevant operating costs of the enterprise while improving the carbon performance level of the enterprise.Whether the economic benefits brought by low-carbon development can exceed or make up for the related costs is the economic motivation for enterprises to improve carbon performance.The concept of carbon performance is presented in order to reduce carbon emissions,and from an economic standpoint,enterprises must bear more direct financial expenses in order to achieve carbon neutrality.Might the expense of diminishing carbon emissions lead to a betterment of carbon performance?The enhancement of carbon performance has a profound effect on the financial performance of businesses,thus making it a critical element in responding to carbon emission reduction initiatives.The financial success of manufacturing businesses is reliant upon an examination of the influence of carbon performance,which can be supported both theoretically and empirically.Companies can thus strive to conserve energy and reduce emissions.Fostering a lowcarbon economy is essential.Exploring the financial prosperity of manufacturing,electricity,heat,and gas,an empirical analysis,literature research,and normative research are all employed in this paper to investigate the effect of carbon performance.Businesses in the fields of water production and supply.Voluntary disclosure theory was employed in combination with data from Shanghai and Shenzhen A-share high energy-consuming manufacturing,electric power and heat power enterprises from 2014 to 2020 as samples.Theory of stakeholders.A theory of social standing.Theory of signal transmission.A model of multiple regression,based on the notion of sustainable development and other related theories,is formulated to explore the influence of carbon performance on corporate financial outcomes.To start,assess the influence of carbon performance on financial performance and ascertain if it has a lasting effect.Divided into provinces,A comparison of the sample was made to assess the influence of corporate carbon performance on financial performance in the seven provinces with the most carbon emissions and the other provinces.Finally,the introduction of property rights’ nature was discussed.Assessing the financial success of businesses with varying property rights through carbon performance.An empirical analysis revealed that carbon performance has a substantial,advantageous effect on corporate financial performance and is sustainable;the sample companies were then divided into state-owned and nonstate-owned enterprises.(1)The disparity in carbon emissions will be the cause of the disparate impact of carbon performance on financial performance,thus resulting in an enhancement.(3)Performance in terms of financial matters.The financial performance of non-state-owned businesses is more significantly impacted by the positive effects of carbon performance than that of state-owned ones.Non-state-owned enterprises are more favorably affected by carbon performance than those owned by the state.At the end of this paper,analogous proposals from both the macro-level government and the micro-level of businesses are presented.