Can the green credit guidelines effectively deter enterprise inefficient investment of innovation? -evidence from heavy polluting enterprises in China
Chuanhua Song,
Shengli Jiao,
Zengjun Sun
Abstract:The green credit policy serves as a crucial instrument for achieving the dual objectives of optimal resource allocation and green development. It plays a pivotal role in curbing inefficient investments in innovation by enterprises. This research employs the PSM-DID method to effectively explore the practical effects of the green credit policy on the innovation inefficiency investments of heavily polluting enterprises in China. Examining the impact from the perspectives of environmental regulation and financial… Show more
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