绿色信贷政策是否影响企业的创新表现?-基于绿色信贷指南的准自然实验
Jingjing Wu1,2, Qingxing Tang3, Yi Yang3
1College of Foreign Studies, Guilin University of Technology, Guilin, Guangxi, China.
PloS one
|October 4, 2023
概括
绿色信贷政策大大提高了企业的创新产出,特别是基于数量的指标. 这一政策通过鼓励风险承担和加强环境法规,特别是对于国有和大型企业来说,提高了创新绩效.
科学领域:
- 环境经济学环境经济学
- 企业金融公司财务
- 创新管理 创新管理
背景情况:
- 转向可持续发展需要了解绿色金融政策对企业创新的影响.
- 绿色信贷政策是促进对环境负责任的商业实践和经济可持续性的关键金融工具.
研究的目的:
- 调查绿色信贷政策对企业创新绩效的因果关系.
- 探索通过绿色信贷影响创新的机制,考虑数量和质量方面.
- 确定企业的特点和外部因素,缓解绿色信贷对创新的影响.
主要方法:
- 利用基于中国2012年绿色信贷指南的准自然实验设计.
- 使用倾向性得分匹配差异差异 (PSM-DID) 方法.
- 分析了2004年至2019年中国A股上市公司的样本.
主要成果:
- 绿色信贷政策显著促进创新产出,提高整体创新绩效,对基于数量的创新产生更大的影响.
- 公司风险承担的增加和更严格的外部环境法规加剧了这种积极影响.
- 国有企业和大型企业对绿色信贷政策的积极反应更为明显.
结论:
- 绿色信贷政策是刺激企业创新和提高创新绩效的有效工具.
- 该政策的有效性取决于诸如风险嗜好和监管执法等相辅相成的因素.
- 通过绿色融资,协调环境保护与经济目标,可以克服创新瓶,促进可持续发展.
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