How does China’s green credit policy affect the green innovation of heavily polluting enterprises? The perspective of substantive and strategic innovations

Environmental Science and Pollution Research, Journal Year: 2022, Volume and Issue: 29(51), P. 77113 - 77130

Published: June 8, 2022

Language: Английский

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Corporate climate risk and stock market reaction to performance briefings in China

Environmental Science and Pollution Research, Journal Year: 2022, Volume and Issue: 29(35), P. 53801 - 53820

Published: March 15, 2022

Language: Английский

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Can ESG certification help company get out of over-indebtedness? Evidence from China

Pacific-Basin Finance Journal, Journal Year: 2022, Volume and Issue: 76, P. 101878 - 101878

Published: Oct. 27, 2022

Language: Английский

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Does smart city policy improve corporate green technology innovation? Evidence from Chinese listed companies

Journal of Environmental Planning and Management, Journal Year: 2023, Volume and Issue: 67(6), P. 1182 - 1211

Published: Jan. 30, 2023

As a new pattern of urbanization, smart cities offer set initiatives to achieve win-win situation for both environmental protection and economic development. This paper aims explore the influence city policy (SCP) on green technology innovation (GTI) by Chinese listed enterprises. Employing difference-in-differences (DID) approach, results show that SCP promotes enterprises' GTI. finding remains valid after various robustness tests, which include parallel trend test, PSM-DID, placebo substitution estimation model, replacement dependent variable, exclusion impacts other policies. Additional tests reveal improves GTI through government subsidy, corporate awareness, research development investments. Furthermore, heterogeneity analysis suggests our findings are more prominent in subsamples during growth stage, high-tech industries, eastern regions. Our is vital urban ecological environment high-quality

Language: Английский

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Does digital transformation make enterprises greener? Evidence from China

Economic Analysis and Policy, Journal Year: 2023, Volume and Issue: 80, P. 1642 - 1654

Published: Nov. 4, 2023

Language: Английский

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Corporate environmental governance and firm value: beyond greenwashing for sustainable development

Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 10, 2024

Language: Английский

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The effects of green finance on pollution and carbon reduction: Evidence from China’s industrial firms

International Review of Economics & Finance, Journal Year: 2024, Volume and Issue: 95, P. 103490 - 103490

Published: Aug. 13, 2024

Language: Английский

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Analyst attention, green credit policies, and corporate environmental responsibility fulfillment

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 106949 - 106949

Published: Feb. 1, 2025

Language: Английский

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Does green credit promote green sustainable development in regional economies?—Empirical evidence from 280 cities in China

PLoS ONE, Journal Year: 2022, Volume and Issue: 17(11), P. e0277569 - e0277569

Published: Nov. 10, 2022

Background China has been exploring a sustainable development path that harmonizes economic growth and environmental protection, targeting to build beautiful China. The role of green finance in adjusting the misallocation financial resources leading real economy is receiving increasingly more attention. Currently, credit accounts for than 90% total funding constitutes most significant component matrix. Whether effectively promotes regional largely determines success China’s transformation. Objective Existing studies mainly focus on its influences financing, investment, emission reduction pollution industries or companies. Extending literature by whether effective promoting what impact exerts upstream (energy inputs), midstream (technological innovation), downstream (pollution outputs) stages value chain, research objective this paper. Methods This paper discusses based city panel data from 2012 2019. level calculated GML index SBM directional distance function. city-level scale issued banks, weighted density bank branches city. Synthetic control methods are employed robustness analysis reduce endogeneity issues. Results conclusion results indicate can promote gradually strengthens over time as incremental implementations complementary policies with substantial constraints incentives, through which achieve "win-win" situation. Furthermore, reduces overall amount energy inputs while optimizing input structure. However, does not boost technological even crowds out high technical innovations. Besides, effects associated strength importance local economy, means performs better regions relatively strong binding where pillars. empirical further validated tests, including changing scope measurement variables applying synthetic method. Limitations Although provides valuable contributions area development, specific limitations exist current study. Firstly, official information disclosure sufficient, existing studies, ours, could only use estimation different perspectives measure credit, logical reasonable but may lose some accuracy. Secondly, since there might be certain degree lag effect dynamic long-term deserve Thirdly, considering characteristics Chinese administrative systems, introducing behavior governments officials into valuable.

Language: Английский

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Customer concentration and corporate financialization: Evidence from non-financial firms in China

Research in International Business and Finance, Journal Year: 2023, Volume and Issue: 68, P. 102159 - 102159

Published: Nov. 2, 2023

Language: Английский

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