Related Experiment Video
Updated: May 13, 2025

A Low-Cost Method of Measuring the In Situ Primary Productivity of Periphyton Communities of Lentic Waters
Published on: December 16, 2022
Does green credit enhance corporate green total factor productivity?
Bo Zhang1, Jiayan Dong1, Meiyi Xiong1
1School of Economics and Management, Hefei University, Hefei, China.
Government green credit policies significantly boost corporate green total factor productivity (GTFP). This improvement is driven by increased R&D investment and enhanced public supervision, supporting sustainable economic development.
Area of Science:
- Environmental Economics
- Corporate Sustainability
- Green Finance
Background:
- Green total factor productivity (GTFP) is vital for corporate green transitions and aligns with UN Sustainable Development Goals.
- Understanding the impact of government green credit policies on GTFP is crucial for promoting sustainable development and China's 'new quality productive forces'.
Purpose of the Study:
- To investigate whether and how government green credit policies enhance corporate GTFP.
- To identify the mechanisms through which green credit policies influence GTFP.
Main Methods:
- Utilized the Data Envelopment Analysis (DEA) Epsilon-Based Measure (EBM) model.
- Employed the Malmquist index to construct a novel firm-specific GTFP proxy.
- Conducted empirical analysis on the impact of macro green credit policies.
Main Results:
- Macro green credit policies have a statistically significant positive effect on corporate GTFP.
- The positive impact operates through two primary channels: increased R&D investment and strengthened public supervision.
- The effect is more pronounced for companies in growth stages, undergoing digital transformation, and in non-polluting or heavily polluting sectors.
Conclusions:
- Green credit policies are effective tools for improving corporate GTFP and fostering sustainable economies.
- Policymakers should consider localized green credit strategies, improve environmental information accessibility, and incentivize market participants.
- The findings offer valuable insights for balancing economic growth with environmental protection through financial instruments.
Related Concept Videos
Production Efficiency
Factors Affecting Activity Coefficient
The activity coefficient value for an ion is close to one when the solution has almost zero ionic strength, i.e., when the solution shows close to ideal behavior. As the ionic strength of the solution increases from 0 to 0.1 mol/L, a...
Primary Production
Turnover Number and Catalytic Efficiency
Chymotrypsin is a pancreatic enzyme that breaks down proteins during digestion....
Factors Affecting Perception
An illustrative example of a perceptual set is the scenario where an airline pilot told...
Compacting Factor test
The procedure begins by placing concrete into the upper hopper without any compaction. Once filled, the bottom door of this hopper is opened,...

