Exploring the impact of green credit policy on green transformation of heavy polluting industries

2022 ◽  
pp. 130257
Author(s):  
Chao Tian ◽  
Xiuqing Li ◽  
Liming Xiao ◽  
Bangzhu Zhu
Keyword(s):  
1981 ◽  
Vol 16 (4) ◽  
pp. 42-42
Author(s):  
John A. Halloran ◽  
Howard P. Lanser

2018 ◽  
Vol 70 (2) ◽  
pp. 426-451 ◽  
Author(s):  
Nilar Aung ◽  
Hoa‐Thi‐Minh Nguyen ◽  
Robert Sparrow

Author(s):  
Zhifeng Zhang ◽  
Hongyan Duan ◽  
Shuangshuang Shan ◽  
Qingzhi Liu ◽  
Wenhui Geng

This article uses the “Green Credit Guidelines” promulgated in 2012 as an example to construct a quasi-natural experiment and uses the double difference method to test the impact of the implementation of the “Green Credit Guidelines” on the green innovation activities of heavy-polluting enterprises. The study found that, in comparison to non-heavy polluting enterprises, the implementation of green credit policies inhibited the green innovation of all heavy-polluting enterprises. In the analysis of heterogeneity, this restraint effect did not differ significantly due to the nature of property rights and the company’s size. The mechanism test showed that green credit policy limits the efficiency of business investment and increases the cost of financing business debt. Eliminating corporate credit financing, particularly long-term borrowing, negatively impacts the green innovation behavior of listed companies.


2020 ◽  
Vol 248 ◽  
pp. 119271 ◽  
Author(s):  
Hyunjin Kang ◽  
Se-Youn Jung ◽  
Heeseok Lee
Keyword(s):  

2011 ◽  
Vol 204-210 ◽  
pp. 1659-1664
Author(s):  
Qing Wen Sun ◽  
Liu Huai

Research on the account sale only focused on account sale itself, and it can’t support enterprises sufficiently to make decision of account sale in theory and methodology. So considering the impact of account sale on cash sale in the process of account sale of enterprises, the demand shifting of cash sale because of account sale, the cash sale and account sale characteristics in declining period of products and applying the theories of product life cycle (PLC) and dynamic programming, the paper set up the optimal model of decision-making in declining period of life cycle for the purpose of maximizing total profit of cash sale and account sale and made out the optimal starting time, then determined the best credit policy by exploring the relation between the optimal starting time of account sale and enterprises making credit policies. The paper provides certain proof for enterprises to make reasonable and economical credit policies.


2021 ◽  
Vol 13 (7) ◽  
pp. 3615
Author(s):  
Yaowei Cao ◽  
Youtang Zhang ◽  
Liu Yang ◽  
Rita Yi Man Li ◽  
M. James C. Crabbe

A major issue is whether the implementation of China’s green credit policy will affect the coordinated development of corporate sustainable operations and environmental protection. This paper used a propensity score matching—difference-in-differences (PSM-DID) model to analyse the impact of China’s green credit policy implemented in 2012 on the maturity mismatch risk between investment and financing in polluting and non-polluting companies. We found that: (1) green credit policies can help reduce the risk of maturity mismatch between investment and financing for polluting companies; (2) the reduction of short-term bank credit is the main way to curb the risk of maturity mismatch risk between investment and financing; (3) the green credit policy has no obvious mitigation effect on the risk of maturity mismatch between investment and financing among polluting companies with environmental protection investment; (4) the mitigation effect of the green credit policy on the maturity mismatch risk is more significant in state-owned polluting companies and polluting companies in areas with a lower level of financial development. The empirical results show that China’s green credit policy helps stimulate the environmental protection behaviour of companies, as well as helping alleviate the capital chain risk caused by the maturity mismatch between investment and financing. In addition, despite the effect of heterogeneity, it can solve the contradiction between environmental protection and economic development.


Author(s):  
Xiaowei Ma ◽  
Weiwei Ma ◽  
Lin Zhang ◽  
Yi Shi ◽  
Yuping Shang ◽  
...  

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