Research on Study on the Impact of Green Credit on Environmental Performance from the Perspective of Environmental Regulation

Jiamin Zhao ()
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Jiamin Zhao: University of Shandong Normal, School of Business

A chapter in Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), 2024, pp 753-760 from Springer

Abstract: Abstract Green finance is an inevitable requirement for promoting high-quality economic development and an important measure to practice the “two Mountains theory”. This paper takes the Green Credit Guidelines implemented in 2012 as the research object to construct A quasi-natural experiment, based on the data of China’s A-share listed companies from 2008 to 2019, and combined with the government’s environmental supervision to construct corporate environmental performance indicators, and then investigate the impact of green credit policies on the environmental performance of heavily polluting enterprises. The research shows that the implementation of green credit policies can help strengthen the environmental performance of enterprises and promote the improvement of corporate environmental performance, which is transmitted through the signal transmission mechanism and the capital formation mechanism.

Keywords: green credit; environmental performance; PSM-DID; green finance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-246-0_91

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DOI: 10.2991/978-94-6463-246-0_91

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