Evolutionary Game Analysis of Enterprise Green Innovation and Green Financing in Platform Supply Chain

Liu, Ling; Peng, Qiaoyu

doi:10.3390/su14137807

Cited by 13 publications

(5 citation statements)

References 41 publications

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“…The research of Yang, Y. X and others also confirmed that the type of local environmental regulations had a significant influence on the effectiveness of environmental policies [18]. Liu, L considered the particularity of the e-commerce industry and believed that whether the relevant enterprises could gain benefits through green finance depended on a variety of factors, such as additional income from innovation [19]. Yang, S. L and others found that the attitude of enterprises toward green finance depended not only on themselves but also on other enterprises [20].…”

Section: Literature On Green Financementioning

confidence: 84%

Can Green Financial Reform Policies Promote Enterprise Development? Empirical Evidence from China

2023

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Green finance is considered a viable way to promote sustainable economic development and can effectively enhance enterprise development by alleviating financing constraints and eliminating liquidity risk. The Chinese government has formulated many policies to promote sustainable and enterprise development, including the green financial reform policy, but the implementation of the green financial reform policy is still unclear. In this context, this study employs the difference in difference (DID) method to evaluate the impact of green financial reform policy on enterprise development by using the data of 33,539 Chinese enterprises from 2007 to 2021. The empirical findings indicate that the green finance pilot policy posed a significant impact on the enterprises’ development level. The green financial reform policy accelerates enterprise development by reducing enterprise financing constraints, increasing the number of government subsidies received by enterprises, and improving corporate social responsibility. In addition, the green financial policy reform has varying impacts on various types of enterprises. The results further indicate that it has promoted advancing state-owned enterprises and low-polluting enterprises’ development toward high quality. In contrast, it has not played a similar role for non-state-owned enterprises and high-pollution enterprises. Based on the results, important policy implications are suggested to promote enterprises’ sustainable and high-quality development.

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Section: Literature On Green Financementioning

confidence: 84%

Can Green Financial Reform Policies Promote Enterprise Development? Empirical Evidence from China

2023

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“…Consequently, the two participants in the BFM exhibit a level of sustainability and adaptability, rather than being static entities. Through a process of trial and error, they continually modify their strategies in response to evolving circumstances, striving to achieve optimal results and ultimately attain a state of dynamic equilibrium [27,28]. As a result, this paper utilizes dynamic game theory to investigate and analyze the optimal strategies in the game played between the Chinese government and the private sector, which is consistent with the principles of dynamic game theory.…”

Section: Introductionmentioning

confidence: 89%

Evolutionary Game Analysis of Governmental Intervention in the Sustainable Mechanism of China’s Blue Finance

Chen¹,

Huang²

2023

Sustainability

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This article is a case study of the blue finance mechanism (BFM) in China and makes use of evolutionary game theory and numerical simulation to show how the BFM plays a critical role in promoting the sustainable development of China’s marine economy, society, and environment. To ensure the perpetuation of the BFM, it is necessary for the Chinese government to attract private sector investment in the marine sector (PSIMS). By intervening in the BFM, the government can create a more favorable investment environment, which can then lead to greater private sector investment and contribute to the overall sustainability of the ocean. The goal of this article is to create an analytical model based on public finance and government management to examine the efficiency of Chinese governmental involvement in the BFM in order to boost the maritime industry by attracting private sector investment for funding the BFM. The results revealed the following: First, governmental involvement can have significant positive effects in promoting the sustainable development of the BFM in China. Second, the timeliness of governmental intervention in China can affect the private sector’s incentive to invest in the marine sector. Third, the Chinese government’s intervention in subsidizing costs can have significant impacts in engaging the private sectors to expand capital injection into marine investments. The minimization of potential risks of investment in the marine sector is critical to enhancing investor confidence and trust. The early intervention of the Chinese government is therefore crucial. Additionally, to further incentivize PSIMS, the Chinese government must make a concerted effort to increase subsidies and provide non-monetary rewards. This will help achieve sustainable development in the country’s economy, society, and environment.

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“…Li Xiaoli and Cheng Shuo introduce the network effect of e-commerce platforms into the cooperation process of the supply chain finance business, pointing out that e-commerce platforms will choose the cooperation strategy at a lower level of revenue sharing, and banks do not need supervision to realize complementary advantages and the rational allocation of resources [ 7 ]. Liu, L., Peng, Q. point out that when the amount of financing that the e-commerce platform needs to provide is too high, the platform will refuse green financing, and when the amount of financing is low, it is more likely to realize financing [ 8 ]. Xiaoyu Wang and Fasheng Xu examine the value of smart contracts in trade financing [ 9 ].…”

Section: Methodsmentioning

confidence: 99%

Granting analysis of the credit financing of the platform-type highway transportation supply chain

Xu,

Liu,

Chu

2024

PLoS ONE

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Against the background of digital development, this study’s research object is the platform-based highway transportation supply chain. It also analyzes two modes of supply chain financial credit financing, namely, upstream, and downstream enterprises of the platform, and network freight platform as the main financing body. Notably, the financial provider sets up a transaction credit based on the principle of business truth, and closed-loop transactions, determine the upper limit of the credit line based on the principle of financing self-compensation, build the expected profit maximization model, and establish the optimal credit line. Combined with the Highway Freight Index and Logistics Prosperity Index, the dynamic early warning value is established for the financing mode, where the platform as the main financing body. Through numerical analysis, the credit line and expected profit increase with the transaction credit, expected freight volume, and credit interest rate under the two modes, and the increase deriving from the credit interest rate is more significant. Finally, this paper describes the two-dimensional credit matrix of the financing subject via transaction credit and credit interest rate, which provides an intuitive credit reference for financial institutions to conduct the credit financing of the platform-based highway transportation supply chain.

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Evolutionary Game Analysis of Enterprise Green Innovation and Green Financing in Platform Supply Chain

Cited by 13 publications

References 41 publications

Can Green Financial Reform Policies Promote Enterprise Development? Empirical Evidence from China

Can Green Financial Reform Policies Promote Enterprise Development? Empirical Evidence from China

Evolutionary Game Analysis of Governmental Intervention in the Sustainable Mechanism of China’s Blue Finance

Granting analysis of the credit financing of the platform-type highway transportation supply chain

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