Different ETS allowance distribution method may vary the effeteness of the ETS on the regulated firm’s performance. This paper uses the Propensity Score Matching Difference-in-Differences method found that the China ETS could increase its regulated firm competitiveness from different aspects....

This paper examines the impact of environmental regulation stringency on the location choice of Chinese pollution-intensive firms. We find that the stringency reduces the number and growth rate of pollution-intensive firms in highly regulated regions. An important channel through which stringent...

The pilot carbon emission trading schemes (ETSs) of China were created to combat climate change in a cost-effective and economically efficient manner, and their potential impact on regulated firms has drawn increasing attention. This study is conducted to provide empirical evidence on the effect...