Borsa Istanbul Review,
Год журнала:
2023,
Номер
23(3), С. 628 - 646
Опубликована: Янв. 20, 2023
Using
the
implementation
of
"Guidelines
for
Establishing
Green
Financial
System"
(GEGFS)
released
in
China
2016
as
a
natural
experiment,
we
adopt
difference-in-differences
(DID)
method
to
explore
influence
green
finance
(GF)
policy
on
transition
enterprises
(GTE)
from
perspective
its
market-oriented
governance
mechanism.
We
obtain
three
findings
our
empirical
results.
First,
GF
can
significantly
drive
GTE
through
providing
governance.
Second,
by
drives
via
two
channels:
oversight
and
Third,
promotional
effect
is
greater
areas
with
strong
environmental
state,
at
firms
less
public
oversight,
that
actively
disclose
information.
Our
results
not
only
enrich
relevant
literature
but
shed
light
how
extent
which
help
achieve
economy
use
Heliyon,
Год журнала:
2022,
Номер
8(11), С. e11521 - e11521
Опубликована: Ноя. 1, 2022
Environmental
changes
based
on
factors
like
urbanization,
population,
economic
growth,
increase
in
energy
consumption,
and
agricultural
intensification
are
never
far
from
the
top
of
any
agenda.
The
topics
environmental
degradation
climate
change
cannot
be
confined
to
a
single
country
or
region
but
need
addressed
global
scale.
If
focus
is
relationship
between
then
one
hypothesis
that
comprehensively
used
as
an
empirically
model
widely
known
Kuznets
Curve.
A
substantial
amount
research
has
been
published
about
Curve,
this
present
study
provides
detailed
extensive
literature
review
more
than
200
articles
1998
2022
explain
assess
its
evolution.
This
detail
Curve
under
analysis,
additional
variables
included,
type
analysis
methods
performed,
relationships
obtained,
if
turning
point
calculated.
Furthermore,
comprehensive
points
out
critical
issues
gaps
analysis.
It
important
note
there
components
not
considered
only
focuses
production
overlooks
impact
consumption
imported
goods
environment.
Consequently,
improvements
technological
progress
will
offset,
growth
result
degradation.
goes
against
consumer
behaviour
which
occurs
with
rise
income,
basic
assumption
relocation
pollutant
industries
consequent
emissions
could
distort
trajectory
over
path
also
On
other
hand,
traced
by
inverted
U-shaped
efficient,
damage
provoked
first
phases
EKC
might
repairable.
Therefore,
progress,
finance,
transition
improve
assessment.
Corporate Social Responsibility and Environmental Management,
Год журнала:
2023,
Номер
30(5), С. 2623 - 2638
Опубликована: Апрель 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.
