IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v54y2018i13p3117-3130.html
   My bibliography  Save this article

Fuel Intensity, Access to Finance and Profitability: Firm-Level Evidence from China

Author

Listed:
  • Lingbing Feng
  • Tong Fu
  • Ali M. Kutan

Abstract

Sustainability and energy economics together as a field has rapidly developed in recent years. However, it is still limited of the literature regarding the effect of energy on firm performance. This article fills the gap by providing empirical evidence from China on the fuel intensity-performance link at the firm level. Our findings are summarized as follows: (i) firms’ fuel intensity significantly constrains the firms’ profitability and the constraint effect is significantly greater for firms with no access to finance; (ii) an increase in fuel intensity reduces profitability by intensifying the financial constraint effect; and (iii) financial access moderates the constraint effect of fuel intensity on firm’s performance. The policy implications of the findings are discussed.

Suggested Citation

  • Lingbing Feng & Tong Fu & Ali M. Kutan, 2018. "Fuel Intensity, Access to Finance and Profitability: Firm-Level Evidence from China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(13), pages 3117-3130, October.
    • Handle: RePEc:mes:emfitr:v:54:y:2018:i:13:p:3117-3130
    DOI: 10.1080/1540496X.2017.1403317
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2017.1403317
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2017.1403317?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fu, Tong & Yang, Siying & Jian, Ze, 2022. "Government support for environmental regulation: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 83(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:54:y:2018:i:13:p:3117-3130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.