Land,
Journal Year:
2024,
Volume and Issue:
13(12), P. 2213 - 2213
Published: Dec. 18, 2024
Promoting
the
role
of
green
finance
(GF)
in
agricultural
transformation
is
essential
for
easing
resource
constraints
and
achieving
sustainable
development.
Based
on
provincial-level
data
from
2006
to
2022,
this
study
considers
China
GF
reform
innovation
pilot
zone
as
a
quasi-natural
experiment.
It
empirically
examines
impact
mechanism
total
factor
productivity
(AGTFP).
The
following
results
are
obtained:
(1)
exerts
significant
enhancement
effect
AGTFP.
(2)
can
improve
AGTFP
by
increasing
degree
land
transfer
(LT).
(3)
heterogeneous,
has
high-environmental-regulation
provinces,
eastern
region,
nonmajor
grain-producing
regions.
From
these
findings,
suggests
accelerating
development
level
GF,
improving
LT
policies,
continuously
stimulating
rural
entrepreneurial
vitality,
further
leveraging
promoting
through
coordinating
regional
economic
Frontiers in Environmental Science,
Journal Year:
2025,
Volume and Issue:
13
Published: Feb. 24, 2025
Introduction
The
Green
Finance
Pilot
Policy
is
a
crucial
initiative
in
China’s
green
finance
reform,
playing
significant
role
reducing
energy
consumption
and
achieving
carbon
neutrality
goals.
This
study
examines
whether
the
establishment
of
reform
innovation
pilot
zones
effectively
reduces
explores
underlying
mechanisms
its
impact.
Methods
Using
panel
data
from
30
provincial-level
administrative
regions
China
2013
to
2021,
this
employs
staggered
Difference-in-Differences
(DID)
model
as
quasi-natural
experiment.
analysis
evaluates
effect
policy
on
investigates
mediating
effects
industrial
structure
optimization
innovation.
Results
results
indicate
that
significantly
reduce
levels,
conclusion
remains
robust
after
series
robustness
tests.
Mechanism
reveals
primarily
by
optimizing
promoting
Discussion
These
findings
provide
new
evidence
for
understanding
impact
offer
insights
further
unlocking
energy-saving
potential
policy.
suggests
deepening
institutional
frameworks,
establishing
long-term
support
mechanisms,
implementation
strategies
enhance
effectiveness
conservation
emissions
reduction.
Sustainability,
Journal Year:
2025,
Volume and Issue:
17(6), P. 2332 - 2332
Published: March 7, 2025
Based
on
the
quasi-natural
experiment
of
“the
pilot
policy
combining
science
and
technology
with
finance”
(Sci-Tech
Finance
policy)
carried
out
in
China
recent
years,
this
paper
constructs
a
multi-stage
difference-in-differences
model
to
explore
its
impact
corporate
ESG
performance
influence
mechanisms.
The
main
research
findings
are
as
follows:
(1)
Sci-Tech
significantly
enhances
performance,
finding
that
remains
consistent
after
conducting
parallel
trends
testing,
propensity
score
matching,
placebo
tests.
(2)
promotes
through
three
intermediary
channels,
namely
alleviating
financial
constraints,
improving
total
factor
productivity,
enhancing
green
innovation.
Notably,
first
two
channels
exhibit
most
prominent
effects.
(3)
exhibits
heterogeneity
at
both
regional
levels;
it
demonstrates
more
pronounced
corporates
located
Eastern
Region,
within
high
digital
economic
zones,
among
high-tech,
capital-intensive,
heavily
polluting,
state-owned
corporates.
(4)
has
apparent
spatial
spillover
effects
accounting
for
about
8%
direct
effect
areas.
This
study
enriches
literature
impacts
behaviors,
providing
insights
government
regulatory
authorities
leverage
policies
promote
sustainable
development.
Sustainable Development,
Journal Year:
2025,
Volume and Issue:
unknown
Published: March 17, 2025
ABSTRACT
This
study
uses
the
establishment
of
Pilot
Free
Trade
Zones
(PFTZ)
as
a
quasi‐natural
experiment,
analyzing
data
from
A‐share
listed
companies
in
Shanghai
and
Shenzhen
2009
to
2022.
A
staggered
difference‐in‐differences
(DID)
model
is
applied
examine
impact
PFTZ
on
firms'
green
governance
performance
(GGP).
The
results
show
that
significantly
enhance
GGP,
with
robust
findings
after
parallel
trend
tests,
placebo
addressing
endogeneity.
Mechanism
analysis
reveals
improve
GGP
through
two
key
mechanisms:
“conceptual
governance”
“process
governance.”
conceptual
mechanism
strengthens
firm's
environmental
social
responsibility
awareness,
while
process
enhances
management
efficiency
fosters
innovation
transformation,
thereby
improving
quality.
Heterogeneity
indicates
stronger
effects
high‐pollution
industries,
firms
greater
reputational
capital,
regions
advanced
finance
infrastructure,
eastern
regions.
Furthermore,
regional
regulatory
intensity
public
awareness
positively
moderate
this
effect.
also
expands
corporate
access
sustainable
financing,
supporting
balanced
economic
outcomes.
provides
valuable
insights
for
policymakers
promote
transformation
within
PFTZ.
