The bright side of carbon emission permits on supply chain financing and performance
Omega(2019)
摘要
•We investigate the positive effects of carbon emission permits on financing.•The manufacturer makes more profit by pledging carbon emission permits.•Capital-constrained manufacturer produces more products in a bankruptcy region.•Bank credit alleviates overproduction problem.•A guarantee contract improves the emission-dependent supply chain performance.
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关键词
Financing,Carbon emission abatement,Loan-to-value ratio,Bankruptcy risk,Contract
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