The Impact of Green Credit on the Green Innovation Level of Heavy-Polluting Enterprises-Evidence from China.
Int J Environ Res Public Health
; 19(2)2022 01 06.
Article
en En
| MEDLINE
| ID: mdl-35055471
ABSTRACT
This article uses the "Green Credit Guidelines" promulgated in 2012 as an example to construct a quasi-natural experiment and uses the double difference method to test the impact of the implementation of the "Green Credit Guidelines" on the green innovation activities of heavy-polluting enterprises. The study found that, in comparison to non-heavy polluting enterprises, the implementation of green credit policies inhibited the green innovation of all heavy-polluting enterprises. In the analysis of heterogeneity, this restraint effect did not differ significantly due to the nature of property rights and the company's size. The mechanism test showed that green credit policy limits the efficiency of business investment and increases the cost of financing business debt. Eliminating corporate credit financing, particularly long-term borrowing, negatively impacts the green innovation behavior of listed companies.
Palabras clave
Texto completo:
1
Base de datos:
MEDLINE
Asunto principal:
Políticas
/
Inversiones en Salud
Tipo de estudio:
Prognostic_studies
País/Región como asunto:
Asia
Idioma:
En
Revista:
Int J Environ Res Public Health
Año:
2022
Tipo del documento:
Article
País de afiliación:
China