Green Credit Policy, Cash Holding Level and Enterprise Investment Efficiency

Guiqiu Lan (), Yijing Liu () and Guitao Qiao ()
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Guiqiu Lan: Bohai University, School of Economics
Yijing Liu: Bohai University, School of Economics
Guitao Qiao: Shandong University of Technology, School of Management

A chapter in Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), 2024, pp 1454-1461 from Springer

Abstract: Abstract By analyzing the data of Shanghai and Shenzhen A-share listed companies from 2008 to 2021, this paper discusses the impact of green credit on enterprise investment efficiency by using the differential model. The research shows that green credit policy can significantly improve the investment efficiency of heavy polluting enterprises; the influence mechanism test shows that the cash holding level plays a positive moderating role in the relationship between green credit policy and enterprise investment efficiency.

Keywords: Green credit policy; Investment efficiency; Cash holding level (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-256-9_147

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