绿色金融政策如何影响制造业公司的环境绩效?
Wei Wang1, Feng Xu2, Shi-Ting Peng3
1School of Economics and Management, Changsha University of Science and Technology, Changsha, 410082, China.
Journal of environmental management
|August 12, 2025
概括
绿色金融改革政策 (GFRP) 将制造业的环境绩效提高了16.22%. 它通过增加执行人员的环境关注度和缓解融资来发挥作用,使非高科技公司受益最多.
科学领域:
- 环境经济学环境经济学
- 企业金融公司财务
- 绿色金融是绿色金融的一种方式.
背景情况:
- 制造业在低碳经济转型中的关键作用.
- 需要金融资本来支持制造业的绿色发展.
- 专注于绿色金融改革以引导投资.
研究的目的:
- 检查绿色金融改革政策 (GFRP) 对制造业环境绩效的影响.
- 测试"ECON-ESG"框架,整合经济和ESG因素.
- 确定GFRP的机制和异质效应.
主要方法:
- 采用了多期差异差异 (分级DID) 方法.
- 分析了A股上市制造业公司 (2010-2022) 的面板数据集.
- 综合经济考虑与环境,社会和治理 (ESG) 因素.
主要成果:
- 在制造业企业中,GFRP提高了16.22%的环境性能.
- 政策加强了行政部门对环境的关注,并减轻了融资约束.
- 对非高科技企业,那些监管较弱的企业以及在高科技地区观察到的积极影响.
结论:
- 在制造业中,GFRP有效地推动了环境改善.
- 政策使金融资本与生态目标保持一致,支持经济转型.
- 为决策者提供关于绿色金融有效性的经验证据.
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