Impact of green credit on financing constraints of energy-consuming firms

Shanshan Zhao, Qiong Wu and Xiaodong Zhou

Finance Research Letters, 2025, vol. 74, issue C

Abstract: This study empirically investigates the influence of green credit on financing constraints faced by A-share-listed energy-consuming enterprises between 2012 and 2022. Findings reveal that green credit intensifies financing constraints for energy-consuming enterprises. Specifically, when considering enterprises with varying ownership structures, green credit exacerbates financing constraints for private energy-consuming enterprises but has minimal impact on state-owned ones. In diverse regions, green credit significantly aggravates financing constraints for energy-consuming enterprises in areas with lower economic development pressure.

Keywords: Green credit; Financing constraint; Energy-intensive enterprise (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000662

DOI: 10.1016/j.frl.2025.106801

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