Green finance and corporate environmental investment: "Scale Up" or "Efficiency Up"?
Qu Yang,
Shiyi Ming,
Rongguang Zhang
et al.
Abstract:The establishment of green finance reform and innovation (GFRI) pilot zone is an important measure of the Chinese government to urge enterprises to develop green transformation. This paper explores the impact of pilot policies in the GFRI pilot zone on corporate environmental investment. Based on 819 A-share listed enterprises from 2010 to 2020, our staggered difference-in-differences (staggered DID) estimation documents revealed that enterprises in the GFRI pilot zone significantly increased the corporate env… Show more
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