环境信用评价政策和企业总因子生产率:来自中国上市公司的证据
Lianchao Yu1, Haobin Sha1, Peinan Ji1
1School of Management, Lanzhou University, China.
Journal of environmental management
|March 6, 2025
概括
中国的环境信用评估政策 (ECEP) 通过改善资本配置和绿色创新,提高了公司的生产力. 这种基于信贷的环境法规支持可持续发展和绿色增长.
科学领域:
- 环境经济学环境经济学
- 企业的可持续性 企业的可持续发展
- 监管政策 监管政策
背景情况:
- 传统的环境法规 (命令,市场,自愿) 有局限性.
- 基于信贷的环境监管利用社会信用系统来实现可持续发展.
- 中国的环境信用评估政策 (ECEP) 是一种新的方法.
研究的目的:
- 调查基于信贷的环境法规对企业总因子生产率 (TFP) 的影响.
- 分析ECEP通过哪些机制影响TFP.
- 检查影响 ECEP 的 TFP 增强效果的调节因素.
主要方法:
- 使用多期差异差异 (DID) 方法.
- 来自中国A股上市公司的雇员小组数据 (2010-2022年).
- 作为一个准自然实验,利用了ECEP实施.
主要成果:
- ECEP显著增强了企业的TFP.
- 这些机制包括优化资本配置效率和刺激绿色技术创新.
- 严格的执法,绿色信贷,市场竞争和内部控制薄弱的效果更为强烈.
结论:
- 以信贷为基础的环境监管,以ECEP为例,有效地促进了绿色发展.
- ECEP为促进可持续商业实践提供了一个有价值的模型.
- 政策影响强调了执法和支持性金融机制的重要性.
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