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Green credit policy and corporate cash holdings: Evidence from China

Accounting & Finance, 2022
AbstractIn 2012, China implemented a green credit policy (GCP) that restricts bank credits to heavily polluting firms. Using a difference‐in‐differences research design, we find that polluting firms increased their cash reserves by 9.5% after the GCP's issuance relative to non‐polluting firms.
Weiping Li, Xiaoqi Chen, Tao Yuan
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Can green credit policy improve environmental quality? Evidence from China

Journal of Environmental Management, 2021
There is significant interest among policymakers and academics about whether or not green credit, which is a market-oriented environmental policy tool, has achieved its intended effect in improving the environment in China. This paper addresses this question from both theoretical and empirical perspectives.
Ke Zhang, Yuchen Li, Yu Qi, Shuai Shao
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Green Credit Policy Affecting the Green Growth: A Case Study in Vietnam

Indian Journal of Economics and Development, 2023
The trend of green credit was viral and vigorously applied at banks and credit institutions. It helped to increase capital flow, a rich source of investment capital for many areas of social life. Based on a survey data set of 600 credit managers of commercial banks in Vietnam, the present study used structural equation modelling (SEM) and SPSS 20.0 ...
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Can green credit policies improve corporate green production efficiency?

Journal of Cleaner Production, 2023
Chengchao Lv   +2 more
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Is green credit policy financially green for polluting firms’ investment efficiency?

Journal of Environmental Management
The green credit policy was promulgated with the aim of curbing industrial pollution and promoting environmental protection. However, as a direct impact, the policy not only curtails polluting firms' investment scale, but more importantly lowers those firms' Q-sensitivity-based investment efficiency.
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Go green: How does Green Credit Policy promote corporate green transformation in China

Journal of International Financial Management & Accounting
AbstractOur study explores the relationship between Green Credit Policy (GCP), bank competition, and corporate green transformation. Previous research mainly focused on the impact of GCP on corporate green practices from a single dimension, with limited attention to bank competition and the overall process of corporate green transformation.
Weijie Tan   +2 more
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Green Credit Policy Incentives and Green Practices in China

2023
Yifeng Guo   +6 more
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GREEN CREDIT POLICY, GREEN AGENCY COST AND GREEN INNOVATION PERFORMANCE OF HEAVY POLLUTING ENTERPRISES

The EUrASEANs: journal on global socio-economic dynamics
In order to solve the problem of heavy-polluting enterprises lacking innovative investment funds in the process of green transformation, this article selects empirical data from Chinese A-share listed companies in Shanghai and Shenzhen from 2004 to 2020 and analyzes 2017 enterprises and 17700 samples.
Guangying Xie, Yan Zhang
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