Impact of land prices on corporate carbon emission intensity
Abstract This study examines the impact of micro-level land prices on corporate carbon emission intensity and identifies the underlying mechanisms. Using a unique dataset of Chinese industrial enterprises from 2000 to 2014, we employ a two-way fixed effects econometric model, alongside instrumental...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nature Portfolio
2025-01-01
|
| Series: | Scientific Reports |
| Subjects: | |
| Online Access: | https://doi.org/10.1038/s41598-025-86102-y |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832571760755605504 |
|---|---|
| author | Lin Guo Ying Liu Zeqing Jiang Xiaoping Yuan Qi Jing |
| author_facet | Lin Guo Ying Liu Zeqing Jiang Xiaoping Yuan Qi Jing |
| author_sort | Lin Guo |
| collection | DOAJ |
| description | Abstract This study examines the impact of micro-level land prices on corporate carbon emission intensity and identifies the underlying mechanisms. Using a unique dataset of Chinese industrial enterprises from 2000 to 2014, we employ a two-way fixed effects econometric model, alongside instrumental variable and Difference-in-Differences (DID) techniques, to address endogeneity concerns. Our findings reveal that a 1% increase in land prices leads to a 0.253% rise in carbon emission intensity, driven by heightened financing constraints and reduced innovation. The effects are most pronounced in central and western regions, among non-state-owned enterprises, and in industries with stricter environmental regulations or firms acquiring land through public bidding. These findings highlight critical policy implications: land market reforms to curb speculative price inflation, enhanced access to financing, and targeted support for innovation in high-impact regions and industries. By providing novel insights into the environmental impact of land price dynamics, this research offers practical guidance for balancing economic development and carbon reduction efforts. |
| format | Article |
| id | doaj-art-e622cb32cf80449491f461e542b79d58 |
| institution | Kabale University |
| issn | 2045-2322 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Nature Portfolio |
| record_format | Article |
| series | Scientific Reports |
| spelling | doaj-art-e622cb32cf80449491f461e542b79d582025-02-02T12:22:24ZengNature PortfolioScientific Reports2045-23222025-01-0115111710.1038/s41598-025-86102-yImpact of land prices on corporate carbon emission intensityLin Guo0Ying Liu1Zeqing Jiang2Xiaoping Yuan3Qi Jing4School of Management, Shandong Second Medical UniversitySchool of Humanities and Management, Zhejiang Chinese Medical UniversitySchool of Economics, Zhejiang UniversitySchool of Psychology, Shandong Second Medical UniversitySchool of Management, Shandong Second Medical UniversityAbstract This study examines the impact of micro-level land prices on corporate carbon emission intensity and identifies the underlying mechanisms. Using a unique dataset of Chinese industrial enterprises from 2000 to 2014, we employ a two-way fixed effects econometric model, alongside instrumental variable and Difference-in-Differences (DID) techniques, to address endogeneity concerns. Our findings reveal that a 1% increase in land prices leads to a 0.253% rise in carbon emission intensity, driven by heightened financing constraints and reduced innovation. The effects are most pronounced in central and western regions, among non-state-owned enterprises, and in industries with stricter environmental regulations or firms acquiring land through public bidding. These findings highlight critical policy implications: land market reforms to curb speculative price inflation, enhanced access to financing, and targeted support for innovation in high-impact regions and industries. By providing novel insights into the environmental impact of land price dynamics, this research offers practical guidance for balancing economic development and carbon reduction efforts.https://doi.org/10.1038/s41598-025-86102-yLand priceCarbon emissionsFinancing constraintsInnovation |
| spellingShingle | Lin Guo Ying Liu Zeqing Jiang Xiaoping Yuan Qi Jing Impact of land prices on corporate carbon emission intensity Scientific Reports Land price Carbon emissions Financing constraints Innovation |
| title | Impact of land prices on corporate carbon emission intensity |
| title_full | Impact of land prices on corporate carbon emission intensity |
| title_fullStr | Impact of land prices on corporate carbon emission intensity |
| title_full_unstemmed | Impact of land prices on corporate carbon emission intensity |
| title_short | Impact of land prices on corporate carbon emission intensity |
| title_sort | impact of land prices on corporate carbon emission intensity |
| topic | Land price Carbon emissions Financing constraints Innovation |
| url | https://doi.org/10.1038/s41598-025-86102-y |
| work_keys_str_mv | AT linguo impactoflandpricesoncorporatecarbonemissionintensity AT yingliu impactoflandpricesoncorporatecarbonemissionintensity AT zeqingjiang impactoflandpricesoncorporatecarbonemissionintensity AT xiaopingyuan impactoflandpricesoncorporatecarbonemissionintensity AT qijing impactoflandpricesoncorporatecarbonemissionintensity |