Green finance policy and labor demand

Pengcheng Jiang and Hongli Jiang

Economics Letters, 2023, vol. 225, issue C

Abstract: We used the data of A-share listed companies from 2007 to 2019 to examine the impact of the Green Credit Guidelines (GCG) on corporate labor demand. The research showed that the GCG have significant crowding-out effects on the labor demand of high-polluting enterprises. The mechanism study showed that the GCG inhibit labor demand by increasing the productivity of high-polluting enterprises. In addition, in non-state-owned enterprises and enterprises with high analyst coverage, the crowding-out effects of the GCG on labor demand is not significant.

Keywords: Green credit guidelines; Corporate productivity; Labor demand; Advanced equipment investment; Crowding-out effect (search for similar items in EconPapers)
JEL-codes: D01 J21 M54 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:225:y:2023:i:c:s0165176523000903

DOI: 10.1016/j.econlet.2023.111065

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