Опубликована: Янв. 1, 2024
The scale expansion of low-carbon industries and the green transformation carbon-intensive are two sides same coin in achieving "dual carbon" goals. However, research on transition finance supporting upgrading traditional existing remains insufficient. key to examining effectiveness lies distinguishing whether supported enterprises engaging greenwashing or evolution. Based data Chinese A-share listed companies industry, an empirical study is conducted offers following findings: (1) Transition not only does increase but also promotes comprehensive innovation enterprises. (2) In terms influencing mechanism, exerts "resource effects" "signaling effects," promoting by improving debt maturity mismatch attracting institutional investors. (3) Further industry spillover effects analysis reveals that empowers within industries, attributed peer competitive effects. (4) Analysis heterogeneity indicates impact particularly significant among located eastern region, state-owned enterprises, those characterized lower levels managerial myopia. findings suggest orderly development pivotal helping achieve a "soft landing", as well facilitating smooth economic transformation.
Язык: Английский