Emerging Markets Finance and Trade, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 20
Published: April 21, 2025
Language: Английский
Corporate Social Responsibility and Environmental Management, Journal Year: 2023, Volume and Issue: 30(5), P. 2623 - 2638
Published: April 20, 2023
Abstract Green credit policy is designed to address the global climate risk. However, few studies have investigated empirically whether green indeed reduces corporate carbon emission intensity. Based on firm‐level data in China and a difference‐in‐differences model, this study explores how intensity evolves following policy. We find that, whole, can effectively reduce intensity, while dynamic negative effect tends alleviate after 2017. Specifically, mainly through lowering investment enhancing environmental supervision. signaling mechanism of does not significantly The has stronger reduction with third‐party certification, non‐state‐owned ownership, high financing constraint. thereby suggest that innovations should be made standards processes ensure sustainability stability. Quantitative standardized information disclosure essential for low‐carbon finance innovation.
Language: Английский
Citations
61
Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 404, P. 136862 - 136862
Published: March 23, 2023
Language: Английский
Citations
44
Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 427, P. 139237 - 139237
Published: Oct. 10, 2023
Global businesses are facing increasingly significant climate risks. Firms with ESG controversies will likely suffer from higher financing costs and inadequate investment capability, leading to inefficiency. We use a newly introduced Controversy Score database investigate the relationship between corporate efficiency. The results show that significantly reduces firms' overall efficiency, such adverse impact is manifest in underinvestment Further analysis indicates negative effect more pronounced firms larger size analyst coverage. Our findings highlight role of misbehaviour sustainable development.
Language: Английский
Citations
42
International Review of Economics & Finance, Journal Year: 2024, Volume and Issue: 93, P. 1378 - 1396
Published: April 3, 2024
Language: Английский
Citations
39
Energy Economics, Journal Year: 2024, Volume and Issue: 130, P. 107307 - 107307
Published: Jan. 9, 2024
This paper systematically examines the impact of green credit regulation on efficiency corporate investment. The results show that policy significantly decreases investment for heavily polluting firms. is further evidenced through fact these firms are more inclined to make symbolic efforts pursue resources rather than engaging in substantive investments drive real transition. negative effect pronounced small, non-state-owned and non-foreign-funded Our analysis suggests intensity environmental law enforcement, level financial development, intellectual property protection can mitigate this efficiency. study groundbreaking it makes first attempt calculate future value create, which serves basis analyzing economic effects at industry level. findings indicate labor-intensive industries with close ties consumers' daily lives have a higher Conversely, capital-intensive such as metallurgical lower These emphasize need improve genuine accelerate transition emerging economies.
Language: Английский
Citations
23
Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 107057 - 107057
Published: Feb. 1, 2025
Language: Английский
Citations
3
Finance research letters, Journal Year: 2023, Volume and Issue: 58, P. 104512 - 104512
Published: Sept. 26, 2023
Language: Английский
Citations
34
International Journal of Environmental Research and Public Health, Journal Year: 2023, Volume and Issue: 20(5), P. 4179 - 4179
Published: Feb. 26, 2023
Faced with serious environmental problems, companies have become important participants in protection efforts. By assuming responsibilities and pursuing protection, enterprises can create a good image, gain public government support, expand their influence. Simultaneously, green executive cognition investors play roles the market economy. This study examines whether behavior of has positive impact on sustainable development, how affect relationship between development. adopts fixed effects regression method to research Chinese A-share listed 2011-2020. The results show that enterprises' performance regarding or investment promotes higher participation awareness executives, more responsibility promote enriches literature development as well provides theoretical foundation for related research. Moreover, role promoting will inspire executives.
Language: Английский
Citations
31
Finance research letters, Journal Year: 2023, Volume and Issue: 58, P. 104424 - 104424
Published: Sept. 4, 2023
Language: Английский
Citations
27
Sustainability, Journal Year: 2024, Volume and Issue: 16(14), P. 6015 - 6015
Published: July 14, 2024
In this research work, we investigate the direct impact of CEO power on corporate performance, as well mediating role green innovation in hypothesized relationship. study, use observation data collected from 780 listed manufacturing companies, explicitly focusing Karachi Stock Exchange (KSE), and adopt a GMM (generalized method moments) model for testing our hypotheses. The results show that has negative sustainable while positively completely regulates effect enterprises’ performance. This study adds novelty to literature it explores influence enterprises firm performance observes business strategy significantly affects companies initiatives can increase value improve their reputation among stakeholders. conclusions have important implications both theory practice field.
Language: Английский
Citations
11