2026 marks the 10th anniversary of the adoption of the Paris Agreement. Over the past decade, the number of countries setting carbon neutrality goals has increased from 1 in 2015 to 165, and the global issuance scale of green bonds has grown more than 10 times, indicating that the global transition towards carbon neutrality has achieved structural progress. China has actively responded to the call of the Agreement, elevating the "Dual Carbon" goals to the national strategic level. Against this backdrop, uncertainties in carbon emission-related policies and the rationality of enterprises’ internal planning have created "carbon risk" exposure for enterprises, and enterprises with different strategic types respond to such risks differently. This paper systematically reviews relevant literature: first, it analyzes the economic consequences of carbon risk and concludes that the "Porter Hypothesis Puzzle" also exists in the field of carbon emissions; second, it sorts out the factors influencing enterprises’ strategic type choices and the economic consequences of different strategic types; third, it explores the impact of carbon risk on enterprises with different strategic types; finally, it summarizes relevant research and provides prospects for future studies.

Liyu Hou. Review of the Impact of Carbon Risk on Enterprises with Different Strategic Types. Academic Journal of Business & Management (2026), Vol. 8, Issue 2: 115-119. https://doi.org/10.25236/AJBM.2026.080215.

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