Joint credit system and corporate green innovation: Evidence from a quasi-natural experiment on implementing the Administration of Joint Credit

Liwen Sun and Ying Han

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: Banking institutions are crucial in providing capital to firms, making credit resources a vital requirement for enterprises' operations. How to ensure credit capital resources is imperative to consistently and proficiently facilitate firms' green innovation. Based on a sample of A-share listed companies from 2013 to 2022, this study reveals a significant enhancement of joint credit systems in corporate green innovation. The finding indicates that a joint credit system, represented by the Administration of Joint Credit, can stimulate corporate green innovation activities. This impact operates mainly through alleviating corporate financing constraints, improving management levels, and promoting real estate investment.

Keywords: Joint credit system; Green innovation; Administration of Joint Credit (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324010365

DOI: 10.1016/j.frl.2024.106006

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