Journal of the Knowledge Economy, Journal Year: 2023, Volume and Issue: 15(2), P. 9082 - 9114
Published: July 17, 2023
Language: Английский
Frontiers in Environmental Science, Journal Year: 2023, Volume and Issue: 11
Published: Feb. 6, 2023
With the promotion of carbon-peak and carbon-neutral strategies increase in green awareness, development is gradually gaining attention, supply chain management (GSCM) derived from traditional becoming a path to promote development. At same time, enterprise, as an important source pollution, how consider social responsibility, such environmental protection, process ensuring efficiency improvement has become issue. To study impact on enterprise value its action, this paper examines value, explores moderating effect risk-taking level, further analyzes dual played by technological innovation capability concentration. Based micro data 131 Chinese listed enterprises 2014 2021, panel-regression model used illustrate affects results show that: 1) can value; 2) level strengthens promoting enhancement; 3) negatively regulates risk-taking, while concentration positively risk-taking. The research enrich implementing enhancement, i.e., enhance regulated will also regulate thus enhancement. This not only extends perspective enriches existing research, but provides theoretical basis for implement enhancement improve implementation enterprises.
Language: Английский
Citations
17
International Journal of Environmental Research and Public Health, Journal Year: 2022, Volume and Issue: 19(21), P. 14518 - 14518
Published: Nov. 5, 2022
Green credit policy (GCP), as one of the key financial instruments to achieve ’carbon peaking’ and ‘carbon neutrality’ targets, provides capital support for green development enterprises. This paper explores impact mechanism GCP on sustainability performance heavily polluting enterprises (HPEs) from perspectives technological innovation level (TIL) resource allocation (CRA), using panel data Chinese A-share listed manufacturing companies 2010 2015 construct a propensity score matching differences-in-differences (PSM-DID) model. We find that has causal effect corporate (CSP). Although significantly improves CSP, there is no long-term effect. Heterogeneity analysis shows relationship between CSP only significant in non-state-owned eastern low-market-concentration Mechanism tests indicate stimulates HPEs invest more thereby through compensation effect; constraint information transfer effects caused by reduce resources available but have forced CSP. enriches study economic consequences implications stakeholders improve system transformation HPEs.
Language: Английский
Citations
22
Finance research letters, Journal Year: 2023, Volume and Issue: 56, P. 104133 - 104133
Published: June 24, 2023
Language: Английский
Citations
13
Frontiers in Environmental Science, Journal Year: 2023, Volume and Issue: 11
Published: Feb. 10, 2023
Using Chinese listed companies as the research setting, this study investigates impact of climate risk on corporate precautionary cash holdings and further explores possible underlying channels. We first apply text mining technique to construct indicator. The regression results then show that has a significant positive holdings. Such relationship is stronger for firms with small size those located in central eastern China. Further mechanism analysis indicates taking external financing play mediating effect between Our findings have important practical implications make sustainability strategies against potential risks.
Language: Английский
Citations
9
Frontiers in Environmental Science, Journal Year: 2023, Volume and Issue: 11
Published: Jan. 17, 2023
Under the concept of green economy, discovering how to utilize Green Credit Guidelines in a way that guides enterprises focus on their industries and promote sustainable development has become an important urgent objective. It is also conducive successful implementation “double-carbon target”. This paper uses Chinese A-share listed from 2007–2018 as its research object explore whether credit policy reducing financialization behavior heavily polluting curb transformation real virtual. found significantly decreased since 2012, these results remain unchanged after series robustness tests. A heterogeneity analysis shows state-owned are subject stronger effects than non-state-owned enterprises; furthermore, studied eastern regions China central western regions, provinces provinces. mechanism study finds constraints corporate innovation play partially mediating role effect financialization. Further studies find both level internal governance external monitoring contribute disincentivizing Moreover, through exploration possible economic consequences examined policy, it reduces favor inefficient investment major shareholders’ tunneling so investor protection improved. The findings validate effectiveness provide empirical evidence support for enterprises’ virtual thus promoting sustainability.
Language: Английский
Citations
8
Environmental Science and Pollution Research, Journal Year: 2023, Volume and Issue: 30(37), P. 87199 - 87214
Published: July 7, 2023
Solving the crash risk problem of corporate stock price caused by information asymmetry can mitigate negative externality its carbon emission to become green, low-carbon, and high-quality development. Green finance generally profoundly impacts micro-corporate economics macro-financial systems but remains a giant puzzle whether they effectively resolve risk. This paper examined impact green financial development on using sample data non-financial listed companies in Shanghai Shenzhen A market China from 2009 2020. We found that significantly inhibits risk; this is more obvious with high level asymmetric information. And high-level regions attracted attention institutional investors analysts. As result, disclosed about their operational status, thus reducing torrential public pressure lousy environmental details. Therefore, study will help continuously discuss costs, benefits, value promotion for synergy between performance improve ESG capabilities.
Language: Английский
Citations
4
SAGE Open, Journal Year: 2023, Volume and Issue: 13(4)
Published: Oct. 1, 2023
Even though previous studies have investigated the effect of environmental regulation policy on stock price crash risk, little is known about how firm-specific punishment would impact risks. By applying difference-in-difference method with manually collected data for listed firms in China, our study finds that implemented leads to larger risk accumulation punished firms. This can be mitigated by better information disclosure behavior, higher media reputation, healthy fundamentals, and optimal capital structure. Our also consecutive only exists a long period. work among first rigorously analyze firm’s risk. research provides relevant suggestions practice.
Language: Английский
Citations
4
Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown
Published: July 1, 2024
Language: Английский
Citations
1
Highlights in Business Economics and Management, Journal Year: 2024, Volume and Issue: 34, P. 192 - 200
Published: June 10, 2024
This article uses data from Chinese A-share listed companies 2000 to 2022 study the impact of green credit policies on stock price synchronicity enterprises. The research results indicate that after implementation policies, enterprises significantly decreases, and information transparency plays a mediating role, this is more significant for small supplements relevant providing guidance further reducing enterprises, improving capital market pricing efficiency, promoting policies.
Language: Английский
Citations
0
Computational Economics, Journal Year: 2024, Volume and Issue: unknown
Published: July 31, 2024
Language: Английский
Citations
0