A theoretical framework for modeling dual-track granting orientation in green credit policy

Wu, Sheng; Zhou, Xiaoyong

doi:10.1016/j.eap.2023.11.035

Cited by 1 publication

(1 citation statement)

References 40 publications

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“…With the implementation of green credit policies, enterprises with strong environmental responsibility awareness, high environmental performance, and environmental friendliness will receive more loan funds, thereby creating conditions for their green development [35][36][37]. On the contrary, if a company has characteristics such as heavy environmental pollution, high pollutant emissions, and outdated environmental technology, it is not easy to obtain green credit [38][39][40]. Therefore, the first hypothesis is proposed here that green credit helps to attract more funds into green environmental protection industries or projects, and through financial support, it can help enterprises to carry out green technology innovation.…”

Section: Mechanism Analysis and Empirical Testing 41 Mechanism Analysismentioning

confidence: 99%

Can Green Credit Improve the Innovation of Enterprise Green Technology: Evidence from 271 Cities in China

Mi,

Cui,

Zhu

et al. 2024

Systems

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With the promotion of the “carbon neutrality” and “carbon peak” initiatives, green credit plays an important role in helping enterprises to change their high-pollution, high-energy-consumption production methods and establishing a sound green, low-carbon, and circular economic system. This study used spatial correlation analysis and a fixed effects SDM model to examine the spatiotemporal and causal relationship between green credit levels and enterprise green technology innovation in 271 prefecture level cities in China from 2013 to 2021. It found that (1) green credit and green technology innovation levels are both highest in the eastern region, followed by the central region, and exhibit spatial correlation characteristics. The main types of agglomeration are high–high and low–low agglomeration. (2) Green credit has a significant enhancing effect on green technology innovation in enterprises, and this conclusion still holds after robustness and endogeneity tests. (3) There is significant regional heterogeneity in the impact of green credit on green technology innovation, mainly concentrated in the central and western regions. (4) Green credit can significantly increase enterprise R&D investment and enhance the level of green technology innovation through this channel. Finally, some policy implications are provided to the decision-making departments that can be used for reference.

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Section: Mechanism Analysis and Empirical Testing 41 Mechanism Analysismentioning

confidence: 99%

Can Green Credit Improve the Innovation of Enterprise Green Technology: Evidence from 271 Cities in China

Mi,

Cui,

Zhu

et al. 2024

Systems

View full text Add to dashboard Cite

show abstract

A theoretical framework for modeling dual-track granting orientation in green credit policy

Cited by 1 publication

References 40 publications

Can Green Credit Improve the Innovation of Enterprise Green Technology: Evidence from 271 Cities in China

Can Green Credit Improve the Innovation of Enterprise Green Technology: Evidence from 271 Cities in China

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