Corporate management, green finance, and sustainability

Zhihua Zhao and Zhenjiang Xing ()
Additional contact information
Zhihua Zhao: Xi’an University of Technology
Zhenjiang Xing: Shantou University

Palgrave Communications, 2024, vol. 11, issue 1, 1-8

Abstract: Abstract This study aimed to assess the impact of green finance and corporate management on China’s sustainable development index from 1990 to 2020 using time series analysis. The findings reveal that a 1% increase in the green financial market corresponds to a 0.31% and 0.69% enhancement in China’s sustainable development index in the short and long-term, respectively. Similarly, a 1% improvement in the corporate governance index is associated with a 0.16% and 0.29% increase in the short- and long-term. Interestingly, the green tax policy, acting as a proxy for green fiscal policy, negatively influences the sustainable development index. Additionally, the poverty rate emerges as a concerning factor hindering sustainable development in China. The policy implications include advocating for the digitalization of green finance, expanding poverty alleviation efforts, reforming the green taxation system, and implementing corporate sustainable management education programs.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1057/s41599-023-02490-4 Abstract (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: https://EconPapers.repec.org/RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-023-02490-4

Ordering information: This journal article can be ordered from
https://www.nature.com/palcomms/about

DOI: 10.1057/s41599-023-02490-4

Access Statistics for this article

More articles in Palgrave Communications from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().