Does Carbon Emission Trading Improve Corporate ESG Performance: A Green Finance Perspective DOI
Ruizhi Liu,

Jiayi Ding,

Matthew Tilly

et al.

Published: Jan. 1, 2024

Using the establishment of carbon emission trading market as a quasi-natural experiment, we investigate relationship between pilot policy and corporate ESG performance based on data from China, employing multi-period difference-in-differences approach. The findings reveal that implementation significantly improves performance. impact enhancing is more pronounced in regions with higher levels green finance development. Heterogeneity analysis indicates effect improvement evident among state-owned enterprises key pollution-monitored firms China.

Language: Английский

Greening or greenwashing? Corporate green bonds and stock pricing efficiency in China DOI
Xiulu Huang,

Chuxiong Tang,

Yichao Liu

et al.

Sustainability Accounting Management and Policy Journal, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 21, 2025

Purpose This paper aims to unveil the greenwashing intention of green bonds issuing in Chinese enterprises through lens stock pricing efficiency. Design/methodology/approach Drawing on data listed companies during 2012–2021, this study uses a difference-in-differences method how and what mechanisms impacts Findings Issuing lowers efficiency, verifying China. Potential underlie increased investor attention sentiment resulting from information disclosures about corporate low-carbon development. issue is more pronounced firms facing lower financing constraints, having stronger relations with government, located highly marketized regions. In context uncertainty surrounding economic policies, especially trade can signal weakening effect. Practical implications The quality disclosure should be emphasized ensure substantive commitment environmental responsibility signaled by bond issuance, thereby mitigating concerns. Social Regulators standard-setters improve issuance system for promote sustainable development market formulating unified certification criteria implementing stringently periodic reporting system. Originality/value First, best authors’ knowledge, it first draw perspective efficiency identify whether engage greenwashing. Second, uncovers black-box underlying examines further moderating role policy uncertainties.

Language: Английский

Citations

2
Will Green Finance Policies Contribute to Green Technology Innovation in Enterprises? Evidence from Green Finance Reform and Innovation Pilot Zone in China DOI Open Access
Jun Ren,

Xiao Bie,

Zhenya Duan

et al.

Polish Journal of Environmental Studies, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 15, 2025

Enterprises' ability to innovate in green technology hinges on the backing of commercial bank credit funds.In light China's escalating environmental challenges, policies finance have emerged as a dual tool for financial resource allocation and regulation.This study scrutinizes phased approach reforms, with focus A-share listed companies Shanghai Shenzhen from 2012 2021.Employing multi-time-point double difference model, it investigates impact enterprise innovation.Results indicate significant promotion innovation within enterprises due policies.Mechanism tests reveal that these primarily bolster by easing financing constraints, augmenting investment activities, mitigating mismatches.In addition, terms firm heterogeneity, promote nonheavy polluters, large-scale firms, non-state-owned firms more significantly.In regional effects are pronounced regions high levels development, regulation, industrialization, well eastern region.

Language: Английский

Citations

0
Can green financial pilot policy reduce firms’ carbon emissions? Evidence from Chinese manufacturing firms DOI
Di Zhou, Chen Guo, Dongchun Xie

et al.

Economic Change and Restructuring, Journal Year: 2025, Volume and Issue: 58(1)

Published: Jan. 24, 2025

Language: Английский

Citations

0
Green Disclosure Regulation: How Far has been Researched? DOI Creative Commons

Aam Slamet Rusydiana

Accounting and Sustainability, Journal Year: 2025, Volume and Issue: 3(2)

Published: March 21, 2025

This study aims to see the development of research on topic "Green Disclosure Regulation" and plans that can be carried out based journals published theme. uses a qualitative method with bibliometric analysis approach. The data used is secondary theme which comes from Dimension database total 500 journal articles. Then, processed analyzed using VosViewer application aim knowing map in world. results found there were 5 clusters most words being regulation, disclosure, evidence, analysis, company, environmental information disc. path topics related Green Regulation are Effect green disclosure Quality corporate ESG rating innovation, Role regulation finance, Sustainability effects credit policy.

Language: Английский

Citations

0
CEO Power and Internal Pay Disparities Within Enterprises DOI Creative Commons
Xiaoyi Li, Liping Shen, Yu Ling

et al.

International Review of Economics & Finance, Journal Year: 2025, Volume and Issue: unknown, P. 104072 - 104072

Published: March 1, 2025

Language: Английский

Citations

0
Is energy system resilience improved in the energy transition? Evidence from China DOI
Xiaomeng Zhao, Jun Zhao, Farhad Taghizadeh‐Hesary

et al.

Energy Economics, Journal Year: 2025, Volume and Issue: unknown, P. 108485 - 108485

Published: April 1, 2025

Language: Английский

Citations

0
Energy regulatory compliance and corporate social responsibility DOI
Hui Xu,

Quanjun Wang

Finance research letters, Journal Year: 2024, Volume and Issue: 67, P. 105919 - 105919

Published: Aug. 2, 2024

Language: Английский

Citations

3
The green finance pilot policy and investment efficiency of industrial enterprises DOI

Dandan Lei,

Gecheng Yuan

Applied Economics Letters, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 7

Published: May 30, 2024

How does the Green Finance Pilot Policy (GFPP) in China impact investment efficiency (IE) of industrial enterprises? Utilizing establishment green finance reform and innovation pilot zones eight regions across five provinces 2017 as a quasi-natural experiment, this paper applies difference-in-differences method to assess GFPP on IE sector. Our findings reveal that significantly boosts by addressing issues overinvestment. Furthermore, enhances reducing debt financing improving information transparency. We recommend policymakers further promote strengthen disclosure regulations guide rational enterprises.

Language: Английский

Citations

1
Green Climate Finance Development and Environmental Air Quality Improvement: Unveiling the Role of Green Technological Progress and Industrial Symbiotic Agglomeration DOI
Jiazhan Gao, Guihong Hua, Baofeng Huo

et al.

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 28, 2024

ABSTRACT Green finance represents a transformative approach within the financial sector, markedly influencing both economic growth and environmental stewardship. This study analyzes data spanning 2006 to 2020 from 278 Chinese cities explore green climate (GCF) development's effects on air quality its operative mechanisms. Results demonstrate significant positive correlation between GCF development enhancements. The mediation effect analysis underscores critical roles of industrial symbiotic networks technological progress in facilitating improvements through development. Further investigations delineate more substantial influence resource‐dependent larger urban areas. Non‐linear dynamics enhancements are elucidated threshold model investigations, indicating varying levels effectiveness. provides valuable empirical insights for policy formulation concerning management carries profound implications theoretical understanding practical application realms.

Language: Английский

Citations

1
Does Carbon Emission Trading Improve Corporate ESG Performance: A Green Finance Perspective DOI
Ruizhi Liu,

Jiayi Ding,

Matthew Tilly

et al.

Published: Jan. 1, 2024

Using the establishment of carbon emission trading market as a quasi-natural experiment, we investigate relationship between pilot policy and corporate ESG performance based on data from China, employing multi-period difference-in-differences approach. The findings reveal that implementation significantly improves performance. impact enhancing is more pronounced in regions with higher levels green finance development. Heterogeneity analysis indicates effect improvement evident among state-owned enterprises key pollution-monitored firms China.

Language: Английский

Citations

0