碳税政策下考虑资金约束的制造商融资与运营决策研究  

Research on Manufacturer′s Financing and Operating Decision Considering Capital Constraint Under Carbon Tax Policy

作　　者：马婧婷 张云丰[1] MA Jingting;ZHANG Yunfeng(School of Economics and Management,Anhui Polytechnic University,Wuhu 241000,China)

机构地区：[1]安徽工程大学经济与管理学院,安徽芜湖241000

出　　处：《安徽工程大学学报》2024年第4期82-94,共13页Journal of Anhui Polytechnic University

基　　金：国家自然科学基金资助项目(72071002);安徽省自然科学基金资助项目(1708085QG168);安徽工程大学中青年拔尖人才培养计划资助项目(S022019008)。

摘　　要：在由单一制造商和单一零售商组成的两级低碳供应链中,政府对排碳企业征收碳税,消费者存在低碳产品偏好,运用Stackelberg博弈分析制造商无资金约束以及资金约束下选择外部融资或内部融资等三种情形时的融资与运营决策,并结合数值算例从经济效益、环境效益和社会效益等方面对三种情形的均衡解进行比较。结果表明,对于清洁型制造商,随着碳税税率的增加,内部融资在碳减排量、市场需求、供应链成员及系统利润等关键指标上相比外部融资占优,且合适的碳税税率区间有利于提高制造商的碳减排量,增加市场需求和供应链系统利润;对于污染型制造商,内部融资与外部融资的供应链绩效基本相同。碳税政策对清洁型制造商的碳减排激励作用明显,但刺激污染型制造商实施碳减排的效果一般。In a two-echelon low-carbon supply chain composed of a single manufacturer and a single retailer,the government imposes carbon tax on enterprises that emit carbon,and consumers have preference for low-carbon products.Stackelberg game is used to analyze the financing and operating decisions of manufacturers in three scenarios:no capital constraint,external financing or internal financing under capital constraint,and numerical examples are used to compare the equilibrium solutions of the three scenarios from the aspects of economic benefits,environmental benefits and social benefits.The results show that:for clean manufacturers,with the increase of carbon tax rate,internal financing is superior to external financing in key indicators such as carbon emission reduction,market demand,profit of supply chain memberand system profit,and an appropriate carbon tax rate range is conducive to improving carbon emission reduction of manufacturers,increasing market demand and supply chain system profit.For polluting manufacturers,the supply chain performance of internal financing and external financing is basically the same.Carbon tax policy has a greater incentive effect on carbon emission reduction for clean manufacturers,but it has no obvious effect on carbon emission reduction for polluting manufacturers.

关 键 词：低碳供应链 碳税政策 碳减排 融资 消费者低碳偏好 

分 类 号：F274[经济管理—企业管理]