Economics at your fingertips  

Stand by or Follow? Responsibility Diffusion Effects and Green Credit

Ling-Yun He and Li Liu

Emerging Markets Finance and Trade, 2018, vol. 54, issue 8, 1740-1760

Abstract: Understanding the behavior of private capital holders in green investment is a key to the success of green finance policies such as green credit policies. In current literature, there still remain unsettled controversies on the behaviors of private capital holders. The responsibility diffusion theory indicates that private capital holders do not follow commercial banks that issue green credit. However, the signal transmission theory implies that private capital holders may follow. Stand by or follow? We apply the two-way fixed-effects model to analyze the behavior pattern of private capital holders in green investment, using the panel data of 443 listed companies in China. The results show that the private capital holders’ behavior is affected by responsibility diffusion effect.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

DOI: 10.1080/1540496X.2018.1430566

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

Page updated 2021-10-03
Handle: RePEc:mes:emfitr:v:54:y:2018:i:8:p:1740-1760