Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)

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Research on Study on the Impact of Green Credit on Environmental Performance from the Perspective of Environmental Regulation

Authors
Jiamin Zhao1, *
1School of Business, University of Shandong Normal, Liaocheng, China
*Corresponding author. Email: 17854336791@163.Com
Corresponding Author
Jiamin Zhao
Available Online 26 September 2023.
DOI
10.2991/978-94-6463-246-0_91How to use a DOI?
Keywords
green credit; environmental performance; PSM-DID; green finance
Abstract

Green finance is an inevitable requirement for promoting high-quality economic development and an important measure to practice the “two Mountains theory”. This paper takes the Green Credit Guidelines implemented in 2012 as the research object to construct A quasi-natural experiment, based on the data of China’s A-share listed companies from 2008 to 2019, and combined with the government’s environmental supervision to construct corporate environmental performance indicators, and then investigate the impact of green credit policies on the environmental performance of heavily polluting enterprises. The research shows that the implementation of green credit policies can help strengthen the environmental performance of enterprises and promote the improvement of corporate environmental performance, which is transmitted through the signal transmission mechanism and the capital formation mechanism.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 September 2023
ISBN
10.2991/978-94-6463-246-0_91
ISSN
2352-5428
DOI
10.2991/978-94-6463-246-0_91How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiamin Zhao
PY  - 2023
DA  - 2023/09/26
TI  - Research on Study on the Impact of Green Credit on Environmental Performance from the Perspective of Environmental Regulation
BT  - Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
PB  - Atlantis Press
SP  - 753
EP  - 760
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-246-0_91
DO  - 10.2991/978-94-6463-246-0_91
ID  - Zhao2023
ER  -