Does measure of financial development matter for economic growth in India?

Tripathy, Naliniprava

doi:10.3934/qfe.2019.3.508

Cited by 32 publications

(18 citation statements)

References 15 publications

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“…Because the Chinese government has more than 50% stock shares in state-owned firms [42], high public recognition and social responsibility brought these listed firms more governmental supervision pressure [38][39][40][41][42][43]. Consequently, Noradiva (2016) and Lee (2017) found that intensive government supervision significantly influenced the EID of state-owned companies [25,34], but this research has not made the comparative analysis of corporate environmental issues between state-owned firms and non-state-owned firms [46,47].…”

Section: Government Regulatory Pressure and Eidmentioning

confidence: 95%

Incentives for Corporate Environmental Information Disclosure in China: Public Media Pressure, Local Government Supervision and Interactive Effects

Xue

Liu

et al. 2021

Sustainability

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Disclosing environmental information is essential for listed firms to demonstrate social conscience. To fulfill government and public media supervision, Chinese listed firms are increasing the quality and quantity of disclosed environmental information. This elicits a new topic of interest: the correlation between media/government supervision and corporate environmental information disclosure (EID). The paper addresses this issue through data analysis and factor correlation study in data from some high-pollution firms in China during 2017–2019. The study first introduces a standardized definition for the quantification of media and government supervision, as well as the degree to which the corporation discloses the environmental information. Then, the correlations between the factors are isolated and refined to three sub-topics: (1) how public media and local government supervision affect the quality of corporate EID; (2) how is the interactive effect of public media and government supervision related to corporate EID; (3) how is the distinct ownership of corporate affect the government supervision on corporate EID. The concluding result from the above factor analysis could provide guidance for authorities to adjust certain laws and regulations so that the media and government supervision better motivates the corporate EID, and furthermore, better sustainable development of ecological environment.

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Section: Government Regulatory Pressure and Eidmentioning

confidence: 95%

Incentives for Corporate Environmental Information Disclosure in China: Public Media Pressure, Local Government Supervision and Interactive Effects

Xue

Liu

et al. 2021

Sustainability

View full text Add to dashboard Cite

show abstract

“…Scholars mainly use pollution abatement and control expenditures (PACE) to measure the degree of environmental regulation. In different countries (or regions), the role of environmental regulation is not alike [ 6 ]. Jaffe and Palmer [ 7 ] and Brunnermeier and Cohen [ 8 ] are the first to carry out empirical research in this field.…”

Section: Introductionmentioning

confidence: 99%

Do the Green Credit Guidelines Affect Corporate Green Technology Innovation? Empirical Research from China

Min

Drakeford

2021

IJERPH

161

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Green technology innovation is regarded as an important means to achieve sustainable development. Countries all over the world mainly implement green technology innovation policies from the aspects of environmental regulation and financing constraints. The effect of financing constraint policy on enterprise green technology innovation remains to be investigated. Based on the event of “green credit guidelines” issued by China Banking Regulatory Commission in 2012, this paper collects the panel data of China’s 2825 listed companies from 2007 to 2018, constructs a difference-in-difference model, and studies the impact of green credit guidelines on corporate green technology innovation and its mechanism. The empirical results show: First, green credit guidelines can promote corporate green technology innovation on the whole. Second, the mechanism of green credit on enterprise green technology innovation is identified. Green credit guidelines mainly limited green technology innovation through reducing debt financing, rather than through financing constraints. Third, the impact of green credit guidelines on green technology innovation is heterogeneous. Green credit guidelines have a significant effect on the green technology innovation of state-owned and large enterprises, but have no effect on the green technology innovation of non-state-owned and small ones.

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“…The needs to achieve sustainable development and reduce environmental pollution have prompted researchers to focus on the relationship between financial development and green total factor productivity (GTFP). Most relative research has extensively analyzed the impact of financial development on economic growth, concluding that financial development accelerates economic development (Wachtel, 2001;Caporale et al, 2015;Tripathy, 2019). However, with the increasing importance of environmental protection to economic development, we must not only focus on the total amount of economic growth but also consider the impact of economic development on the environment, that is, sustainable development (Longhofer and Jorgenson, 2017;Maes and Jacobs, 2017;Li Z. et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

The Heterogeneous Impact of Financial Development on Green Total Factor Productivity

Liao

2020

Front. Energy Res.

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This study examines the heterogeneous impact of financial development on green total factor productivity for 40 countries over the period 1991 to 2014. Specifically, this paper describes financial development from the three aspects of banking, securities, and insurance. In developing countries, an inverted U-shaped relationship exists between financial development and green total factor productivity, whether it is in bank development, securities development, or insurance development. In developed countries, the development of bank and insurance tends to adversely affect green total factor productivity, while the development of securities has always had a positive impact on green total factor productivity. Securities development is more conducive to improving green total factor productivity than bank development.

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Does measure of financial development matter for economic growth in India?

Cited by 32 publications

References 15 publications

Incentives for Corporate Environmental Information Disclosure in China: Public Media Pressure, Local Government Supervision and Interactive Effects

Incentives for Corporate Environmental Information Disclosure in China: Public Media Pressure, Local Government Supervision and Interactive Effects

Do the Green Credit Guidelines Affect Corporate Green Technology Innovation? Empirical Research from China

The Heterogeneous Impact of Financial Development on Green Total Factor Productivity

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