Influence of Green Credit Policy on Corporate Risk-Taking: The Mediating Effect of Debt Maturity Mismatch and the Moderating Effect of Executive Compensation DOI Open Access
Zhongshuai Wang, Baocheng Bian, Jun Wang

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(7), P. 2862 - 2862

Published: March 24, 2025

Risk-taking is a critical driver of sustainable development and financial performance for firms, especially under environmental degradation constraints. Despite the increasing implementation green credit policies, their impact on corporate risk-taking remains underexplored in existing literature. This study investigates effects underlying mechanisms policies behaviors among Chinese listed companies from 2009 to 2019. Utilizing econometric methodologies, including Difference-in-Differences, mediation analysis, moderation findings reveal that significantly enhance activities polluting enterprises. These results are robust across various sensitivity tests. Additionally, relationship between mediated by debt maturity mismatch moderated ESG executive compensation. Subgroup analyses indicate large state-owned enterprises experience greater increases compared small, medium-sized, private counterparts. Furthermore, remuneration notably amplifies firms. research provides essential micro-level insights optimize effectiveness promoting advancing development.

Language: Английский

Climate policy uncertainty and enterprise greenwashing: evidence from China DOI
Wenli Wang, Jian Yang

Journal of Environmental Planning and Management, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 26

Published: March 27, 2025

Language: Английский

Citations

0
Influence of Green Credit Policy on Corporate Risk-Taking: The Mediating Effect of Debt Maturity Mismatch and the Moderating Effect of Executive Compensation DOI Open Access
Zhongshuai Wang, Baocheng Bian, Jun Wang

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(7), P. 2862 - 2862

Published: March 24, 2025

Risk-taking is a critical driver of sustainable development and financial performance for firms, especially under environmental degradation constraints. Despite the increasing implementation green credit policies, their impact on corporate risk-taking remains underexplored in existing literature. This study investigates effects underlying mechanisms policies behaviors among Chinese listed companies from 2009 to 2019. Utilizing econometric methodologies, including Difference-in-Differences, mediation analysis, moderation findings reveal that significantly enhance activities polluting enterprises. These results are robust across various sensitivity tests. Additionally, relationship between mediated by debt maturity mismatch moderated ESG executive compensation. Subgroup analyses indicate large state-owned enterprises experience greater increases compared small, medium-sized, private counterparts. Furthermore, remuneration notably amplifies firms. research provides essential micro-level insights optimize effectiveness promoting advancing development.

Language: Английский

Citations

0