A survey of 363 Chinese PV firms using PLS-SEM found market pressure associated with supply-chain adaptability, while regulatory pressure related to both adaptability and carbon accounting.
Key findings
- Market pressure strongly related to adaptability but not directly to carbon accounting. Regulatory pressure related to both, more strongly to accounting. Adaptability related to circular performance, not directly to net-zero performance, with a significant indirect path through carbon accounting.
Why this matters globally
The study separates operational adaptation from carbon-information governance and positions accounting as a bridge to net-zero transition.
Thai researcher contribution
A Shinawatra University-affiliated researcher contributed to a study of China's PV industry; these are not Thai-firm data.
Limitations to consider
Cross-sectional self-report risks common-method bias and reverse causation. Emissions, circular material flows and accounting quality were not verified, and PLS paths are not causal.