Does the implementation of green finance regulation promote the high-quality development of enterprises? Evidence from a quasi-natural experiment in China

Cui, Qi; Ma, Xiaoyu; Zhang, Sisi; Liu, Jiamin

doi:10.1007/s11356-023-29355-2

Cited by 7 publications

(1 citation statement)

References 93 publications

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“…Corporate green investment is regarded as part of corporate social responsibility (CSR) and is valued by managers and investors, as it can bring societal benefits (Martin and Moser 2016). In addition, environmental regulations are important external factors affecting the level of corporate GD (Luo et al 2023), government environmental governance (Zhang et al 2023b) and green credit policy, as one of the types of environmental regulation also facilitates high-quality development (Cui et al 2023, Han and Liu 2023, Wu et al 2023. Non-financial disclosure requirements also promote sustainable corporate development (Saini et al 2022).…”

Section: Gdmentioning

confidence: 99%

Can government environmental auditing and fiscal transparency promote the green development of heavy-polluting firms?

Wang,

Tang,

Zhang

et al. 2024

Environ. Res. Lett.

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Corporate green development (GD) is critical for realizing China’s double carbon targets, and government environmental auditing is an essential path for supervising the GD behavior of enterprises. However, the effect of government environmental auditing on corporate GD has not been thoroughly investigated, particularly through the path of improving fiscal transparency. This study takes Chinese A-share listed companies in heavily polluting industries from 2011 to 2022 as the sample and uses statistical models to empirically test the effects. The results indicate that government environmental auditing can significantly facilitate corporate GD by improving fiscal transparency. Government auditing functions to checking and preventing environmental pollution issues can promote enterprises’ GD. The function of preventing pollution issues has the most substantial promotion effect. The analysis of regional heterogeneity indicates that government environmental auditing in the western region has the strongest effect. The conclusion of this study provides theoretical support and guidance for strengthening government environmental auditing, improving government fiscal transparency, and promoting the GD of enterprises.

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