Financial support for micro and small enterprises: Economic benefit or social responsibility?

Sustaining the sustainable development: How do firms turn government green subsidies into financial performance through green innovation?

“…First, we deepen our understanding on the role of green innovation in the field of environmental management by investigating its antecedent and consequence at the same time. While studies have discussed the antecedent of green innovation in terms of government financial incentives or environment regulations (Xu, Costa‐Climent, Wang, & Xiao, 2020; Zhang et al, 2020), there has been little work on the antecedent and consequence of green innovation based on an integrated framework. Thus, we extend this line of literature by providing an overall framework revealing the complex causal relationships between GS, firms' green innovation, and firms' financial performance.…”

R&D investment and financing efficiency in Chinese environmental protection enterprises: perspectives of COVID-19 and supply chain financial regulation

“…Financing efficacy is closely related to the development of enterprises as it not only alleviates the problem of capital shortages (He, Chen, and Hu 2019) and helps enterprises obtain financial support for stimulating capital accumulation (Ma, Wang, et al 2020), but also improves distribution efficiency and promotes the healthy and stable development of enterprises. However, as medium and small-sized enterprises are weak in innovating (Gollin 2008;Geng, Lai, and Zhu 2020;Xu, Chen, and Wang 2020) and attracting funds (Xu, Ricardo, et al 2020), the bank and bond financing modes they adopt (Zhan, Li, and Chen 2018;Biswas and Koufopoulos 2019) usually elicit interest rate fluctuations and default supervision (Gheeraert and Weill 2015). These can seriously constrain their attempts at improvement of financial efficiency (Khan et al 2017).…”

Financial And Economic Mechanisms Of State Support For Smes In Russia

“…Major banks restructured SME debts. Loans have a big impact on the development of companies and are socially responsible (employee salaries) in different countries (Xu et al, 2020). Similar systems exist in other countries.…”