The Effect of Green Credit Policies on Enterprise Performance
DOI:
https://doi.org/10.62051/2jj7gg77Keywords:
Green Credit Policy; Enterprise Performance; Return on Total Assets; Double Effect.Abstract
In view of the formal implementation of the Green Credit Guidelines in 2012, this paper uses the data of A-share listed companies from 2009 to 2017 and adopts the difference of differences model to study the influence of green credit policies on the return on total assets of restricted and encouraged enterprises, and finds that green credit policies have inhibitory effect and incentive effect. The results show that the inhibition effect of green credit policy leads to a significant decline in the total return on assets of restricted and eliminated enterprises, but the incentive enterprises benefit from the incentive effect of green credit policy and achieve performance improvement.
Downloads
References
Lu Jing, Yan Yun, WANG Taoxuan. Research on Micro-effects of green credit policy: from the perspective of technological innovation and resource reallocation [J]. China Industrial Economy, 2021, (01): 174-192.
Ding H. Research on the impact of green credit policy on business performance of enterprises [J]. Investment and Cooperation,2022(10):25-27. (in Chinese)
Hao Yu, Yan Jie. The impact of green credit policy on financial performance and business risk of enterprises with high pollution and energy consumption [J]. Research of Environmental Economics, 2019,5(02):34-49.
Zheng Lihui. Green credit policy, low-carbon technology innovation and corporate environmental performance [J]. Technical Economics and Management Research,2024(02):82-88. (in Chinese)
Huang Xinhuan, Chen Yufeng, CAI Binqing. Green credit, enterprise green innovation and government subsidy policy [J]. Operations Research and Management, 2019,32(12):233-239. (in Chinese)
Liu Yan, Qin Hailin. The impact of green credit Policy on corporate financial Performance from the perspective of Environmental and Social responsibility [J]. Exploration of Financial Theory,2023, (06):48-57.
Hu Tian-Yang, Tu Zheng-ge. Green finance and high-quality development of enterprises: Incentive effect and inhibition [J]. Science of Finance and Economics,2022(04):133-148.
Xie Qiaoxin, Zhang Yu. Green credit policy, supporting hand and enterprise innovation transformation [J]. Science Research Management, 2021, 42 (01): 124-134. (in Chinese)
Downloads
Published
Conference Proceedings Volume
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
