Green credit policy, government behavior and green innovation quality of enterprises
| Autor: | Xiao-yan Huang, Chao-bo Zhou, Jing-jie Zhou, Shaozhou Qi, He-tong Wang |
|---|---|
| Rok vydání: | 2022 |
| Předmět: |
Sustainable development
Government Quality management Renewable Energy Sustainability and the Environment Strategy and Management media_common.quotation_subject Developing country Building and Construction Decentralization Industrial and Manufacturing Engineering Promotion (rank) Quality (business) Business Market value Industrial organization General Environmental Science media_common |
| Zdroj: | Journal of Cleaner Production. 331:129834 |
| ISSN: | 0959-6526 |
| DOI: | 10.1016/j.jclepro.2021.129834 |
| Popis: | This study takes Green Credit Guidelines in China as a quasi-natural experiment to examine its effect on the quality of green innovation in heavily polluting enterprises. Based on the data of Chinese listed companies from 2008 to 2019, the model, and a series of robustness tests, findings show that Green Credit Guidelines significantly improve the quality of enterprises' green innovation. The positive effect is more significant in state-owned enterprises and those in the eastern region and less financially developed areas. The officials' promotion pressure and fiscal decentralization have negative and positive moderating effects, respectively. Additional analysis demonstrates that the quality improvement of enterprises’ green innovation can further increase their economic returns. Specifically, the competitiveness and market value of enterprise products are enhanced. The results provide enterprises with theoretical guidance on how to deal with environmental regulation. The results also provide countries around the world, especially developing countries, with important reference to implement green credit policy to achieve sustainable development. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect