This page has only limited features, please log in for full access.
We consider a coal supply chain with a coal enterprise and a manufacturer, where the coal enterprise invests in clean coal technology, and the manufacturer invests in carbon reduction technology. The government offers subsidies for the investments of clean coal technology and carbon reduction technology. We examine optimal clean coal technology inputs in a coal enterprise and carbon reduction quantity in a manufacturer under the modes of coal-enterprise-led and manufacturer-led, respectively, using a Stackelberg game theory model. We obtain some interesting results. First, carbon reduction by the manufacturer is restrained when clean coal technology cost and carbon reduction cost are increased, regardless of the dominant modes, and clean coal technology input decreases when clean coal technology cost increases; however, a high carbon reduction cost has no effect on clean coal technology input when the manufacturer leads. Second, the clean coal technology subsidy for coal enterprises promotes clean coal technology inputs and carbon reductions, and the carbon reduction subsidy encourages carbon reduction without supporting clean coal technology input. Last, carbon reduction performance is better achieved under the manufacturer-led model than the coal-enterprise-led model. However, it should be noticed that the capital resource only relies on government subsidy in this article. In the future, this study could be used for green supply chain investment, and could be helpful for sustainability development.
Bowen Da; Chuanzhe Liu; Nana Liu; Sidun Fan. Strategies of Two-Level Green Technology Investments for Coal Supply Chain under Different Dominant Modes. Sustainability 2021, 13, 3643 .
AMA StyleBowen Da, Chuanzhe Liu, Nana Liu, Sidun Fan. Strategies of Two-Level Green Technology Investments for Coal Supply Chain under Different Dominant Modes. Sustainability. 2021; 13 (7):3643.
Chicago/Turabian StyleBowen Da; Chuanzhe Liu; Nana Liu; Sidun Fan. 2021. "Strategies of Two-Level Green Technology Investments for Coal Supply Chain under Different Dominant Modes." Sustainability 13, no. 7: 3643.
A prominent claim within the literature is that corporate social responsibility-disclosured firms are fundamentally more resilient to financial shocks, relative to firms that take no corporate social responsibility action. To test this, we examine the impact of corporate social responsibility (CSR) information disclosure on financial constraints (FC). Our sample is composed of A-share publicly listed firms from Shanghai and Shenzhen in China during 2013–2017. We find that CSR disclosure influences negatively financial constraints. The quantile regression results also indicate that the influences would more obvious when a company faces stronger financial constraints. Further, CSR disclosure influences negatively financial constraints in financially opaque firms, and the effect of financial opaque on the relationship strengthens when the company faces great financial constraints. After considering the problems of missing variables and endogenous, changing the level of CSR and FC measurement, using 2SLS and two-step GMM methods, the conclusion is still robust. However, the results should not be generalized, since the sample was based on 434 A-share publicly listed firms for 2013–2017. From the perspective of FC, this study contributes to the literature in the field of CSR and expands the empirical research on the economic consequences of CSR. It also can encourage enterprises to voluntarily disclose social responsibility information and it is of great significance to promote the stable development of the capital market and society.
Nana Liu; Chuanzhe Liu; Quan Guo; Bowen Da; Linna Guan; Huiying Chen. Corporate Social Responsibility and Financial Performance: A Quantile Regression Approach. Sustainability 2019, 11, 3717 .
AMA StyleNana Liu, Chuanzhe Liu, Quan Guo, Bowen Da, Linna Guan, Huiying Chen. Corporate Social Responsibility and Financial Performance: A Quantile Regression Approach. Sustainability. 2019; 11 (13):3717.
Chicago/Turabian StyleNana Liu; Chuanzhe Liu; Quan Guo; Bowen Da; Linna Guan; Huiying Chen. 2019. "Corporate Social Responsibility and Financial Performance: A Quantile Regression Approach." Sustainability 11, no. 13: 3717.
For reliving the pressure of air pollution and corresponding the sustainability development policy in China, the companies are urging the creation of a highly productive low-carbon supply chain. This work uses price regulation, the cap-and-trade model, and a green financial policy background to establish a strategy for the coal–electric power supply chain with two-level carbon reduction and operation with financial constraints. A Stackelberg model was built to help investigate the rate of thermal order realization, the carbon reduction strategy in the coal enterprise, and the amount of thermal energy ordered in the electric enterprise. Results show that under a green financial background, a high bank loan discount rate for investing in carbon reduction technology equates to large carbon reduction in coal enterprises, large quantities of thermal energy ordered in electric enterprises, and high profit for coal and electric enterprises. However, the realization rate of thermal power ordered decreased when the price regulation become strict, thereby reducing the profit and carbon emission in electric enterprise. Therefore, the thermal price regulation level increased, the profit on both company and the production did not respond with sensitivity, and the government could encourage a low carbon model by controlling the bank loan rate.
Bowen Da; Chuanzhe Liu; Nana Liu; Yufei Xia; Fangming Xie. Coal-Electric Power Supply Chain Reduction and Operation Strategy under the Cap-and-Trade Model and Green Financial Background. Sustainability 2019, 11, 3021 .
AMA StyleBowen Da, Chuanzhe Liu, Nana Liu, Yufei Xia, Fangming Xie. Coal-Electric Power Supply Chain Reduction and Operation Strategy under the Cap-and-Trade Model and Green Financial Background. Sustainability. 2019; 11 (11):3021.
Chicago/Turabian StyleBowen Da; Chuanzhe Liu; Nana Liu; Yufei Xia; Fangming Xie. 2019. "Coal-Electric Power Supply Chain Reduction and Operation Strategy under the Cap-and-Trade Model and Green Financial Background." Sustainability 11, no. 11: 3021.