Research Article
Credit Risk Assessment of Carbon Assets: Evidence from Chinese Listed Firms
@INPROCEEDINGS{10.4108/eai.12-1-2024.2347205, author={Chenhao Guo and Xinyong Wang and Sian Chen and Dan Xia}, title={Credit Risk Assessment of Carbon Assets: Evidence from Chinese Listed Firms}, proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Digital Management, BDEDM 2024, January 12--14, 2024, Ningbo, China}, publisher={EAI}, proceedings_a={BDEDM}, year={2024}, month={6}, keywords={carbon assets; credit risk assessment; esg}, doi={10.4108/eai.12-1-2024.2347205} }- Chenhao Guo
Xinyong Wang
Sian Chen
Dan Xia
Year: 2024
Credit Risk Assessment of Carbon Assets: Evidence from Chinese Listed Firms
BDEDM
EAI
DOI: 10.4108/eai.12-1-2024.2347205
Abstract
This study presents a model to assess credit risk in Chinese listed companies, with a particular focus on incorporating carbon-related factors. By integrating macroeconomic indicators, ESG (Environmental, Social, and Governance) scores, and industry variables, the study examines the impact of carbon risk on default probabilities. Notably, it highlights a negative correlation between high ESG scores and default risks, emphasizing the importance of environmental factors in credit risk analysis within the carbon finance market. These findings provide valuable insights for credit risk management, particularly in relation to environmental sustainability and the pricing of carbon assets.
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