绿色金融和高污染企业补偿 - - 绿色信贷指南的实证证据
Shiyu Li1, Deqin Lin1, Hongfei Xiao1
1Faculty of Finance, City University of Macau, Macao.
Heliyon
|April 24, 2024
概括
中国的绿色信贷指南 (GCG) 显著减少了污染公司的内部工资差异. 这一政策促进了公平的工资分配,并使公司治理与环境责任保持一致.
科学领域:
- 环境金融 环境金融
- 企业社会责任 企业社会责任
- 可持续发展 可持续发展 可持续发展
背景情况:
- 全球越来越重视环境,社会和治理 (ESG) 和企业社会责任 (CSR),需要企业转型.
- 中国对企业社会责任和可持续发展的承诺解决了工资不平等问题,与全球目标保持一致.
- 中国银行监管委员会 (CBRC) 2012年发布的"绿色信贷指南" (GCG) 将环境考虑纳入企业治理,针对高污染企业.
研究的目的:
- 检查中国2012年"绿色信贷指南" (GCG) 对高污染企业内部工资差异的影响.
- 评估GCG作为绿色金融政策的关键要素在促进公平工资分配方面的作用.
- 分析 GCG 对企业碳排放和内部工资差距的净影响.
主要方法:
- 利用了中国A股上市公司2007-2020年间的数据.
- 采用差异差异方法,将GCG的实施视为一个准自然实验.
- 对并发政策影响进行控制,以隔离GCG对碳排放和工资差异的净影响.
主要成果:
- 在高污染企业中,GCG显著减少了内部工资差异.
- GCG的实施表明了指导,激励和惩罚的机制,促进了更公平的工资分配.
- 异质性分析显示,在高度依赖外部资金和政治联系的企业中,对工资差距的影响更大.
结论:
- GCG有效缩小了内部工资差距,为薪酬平衡和企业可持续发展做出了贡献.
- 政策影响建议加强互补的绿色金融政策,以提高薪酬平衡和实现社会责任目标.
- 调查结果强调了收入平等,企业治理和环境责任的融合,这对工人的生产力和利益相关者的投资决策有实际影响.
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