The consensus on sustainable development is now global. However, carbon risk constrains the operation, investment and financing activities of enterprises. Is carbon risk beneficial for enterprises to improve investment efficiency? Can carbon regulations result in a win–win situation for both...

With the increasingly stringent global restrictions on carbon emissions, enterprises are facing increasing carbon risks, which would drive up enterprise costs. However, at the same time, the increase of carbon risks may also force enterprises to improve investment efficiency by optimizing...