Green credit policy and corporate charitable donations: Evidence from China

Wang, Qun; Zhao, Xiangfang; Liu, Yuming

doi:10.1016/j.jclepro.2023.137644

Cited by 3 publications

(1 citation statement)

References 74 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Furthermore, GCP reduces the nancing available to enterprises classi ed as "two high" (high pollution and high consumption), and may even lead to a decrease in dividend payments to increase cash holdings (Yuan and Gao, 2022;Li et al, 2023). Under GCP, high-polluting enterprises face environmental regulatory pressures and nancial constraints, which drive them to make social donations (Wang et al, 2023a). Moreover, the implementation of GCP enhances the performance and core competitiveness of banks, resulting in improved cost e ciency and risk management (An et al, 2023).…”

Section: Literature and Hypothesesmentioning

confidence: 99%

Can the green credit policy achieve synergizing the reduction of pollution and carbon emissions? Evidence from China

Liu,

Guo

2024

Preprint

View full text Add to dashboard Cite

Numerous discussions have taken place regarding the influence of the green credit policy (GCP) on carbon and pollution reduction. However, there is a dearth of research on synergizing the reduction of pollution and carbon emissions (SRPC). This paper aims to investigate the potential of GCP to achieve SRPC by analyzing the Green Credit Guidelines implemented in China. Firstly, the findings reveal that GCP significantly contributes to SRPC by upgrading the industrial structure and optimizing energy consumption. However, the promotion of SRPC through technological innovation is deemed ineffective. Additionally, the impact of GCP on SRPC is more prominent in the industrial sector, while it bears no significant influence on the household sector. Lastly, GCP demonstrates success in achieving SRPC in terms of waste gas and common industrial solid waste, but falls short when it comes to wastewater and hazardous waste. This research paper provides a theoretical foundation for GCP to effectively realize SRPC and offers insights to further enhance the policy framework of green finance in China.

show abstract