绿色信贷真的会增加绿色技术创新吗?
Tao Lin1, Wanwan Wu1, Mingyue Du2
1School of Finance and Economics, Jimei University, Xiamen, China.
Science progress
|August 2, 2023
概括
中国的绿色信贷政策 (GCP) 为污染者促进战略绿色创新 (GI),但阻碍了重要的GI. 这表明波特效应不存在,对融资和研发投资产生负面影响.
科学领域:
- 环境经济学环境经济学
- 企业金融公司财务
- 创新研究 研究 创新研究
背景情况:
- 中国的绿色信贷政策 (GCP) 旨在促进环境可持续性.
- 了解环境政策对企业绿色创新的影响至关重要.
研究的目的:
- 分析中国GCP对企业绿色创新 (GI) 的影响.
- 调查GCP是否在严重污染的企业中刺激或抑制绿色创新.
主要方法:
- 使用差异差异方法.
- 分析了2009年至2020年间中国上市公司的数据.
- 将GCP视为一个近乎自然的实验.
主要成果:
- GCP增强了战略GI,但抑制了重污染者中必不可少的GI,表明没有波特效应.
- 抑制与增加的融资约束,减少的补贴,研发投资和就业有关.
- 在私营,小城市和资本密集型的低利性公司中,负面影响更为强烈.
结论:
- GCP导致资源分配不当,未能通过波特效应推动绿色转型.
- 建议建立一个多元化的绿色金融体系.
- 倡导将绿色风险资本和GI整合到绿色产业中,以直接将社会资本用于绿色产业.
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