Green finance pilot reform and corporate green innovation

Wang, Huaiming; Du, Dongying; Tang, Xiaojian; Tsui, Stephanie

doi:10.3389/fenvs.2023.1273564

Cited by 5 publications

(3 citation statements)

References 56 publications

(91 reference statements)

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“…Recommending research avenues based on the study's outcomes, while the present research predominantly focuses on green finance and financial institutions, future inquiries could delve into the correlation between green finance and green innovation (Wang et al, 2023). This study revealed a significant augmentation in green patent applications due to green finance, particularly evident in countries with poor environmental performance and those not part of the Comprehensive Regional Economic Partnership or the Belt and Road Initiative.…”

Section: Discussionmentioning

confidence: 84%

Bibliometric Foundations: Tracking the Footprint of Green Finance and Financial Institutions in Global Research

Astiwardhani

2024

JBMR

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This study evaluates research trends in the context of green finance relating to financial institutions, particularly banks, using bibliometric analysis of Scopus data between 2012 and 2023. Green finance, as a key focus, has evolved along with the increasing awareness of environmental issues and climate change. Chinese contributions dominate in this study, showing a strong interest and commitment to green finance. This bibliometric analysis presents a network of related keywords, highlighting terms such as green finance, sustainable development, China, renewable energy, and others. Increased research interest in green finance has been seen since 2020, reflecting the growing attention to green finance, especially in China. From the citation analysis, there are highly cited papers that cover important issues, including the role of banks in green finance innovation, its impact on environmental change, and the implementation of greener financial practices. Cluster analysis shows three main groups: green finance concepts and principles, implementation of green finance practices, and long-term implications of green finance on the environment. These clusters illustrate the conceptual foundations, implementation practices, and long-term impacts of green finance in the context of banking and financial institutions.

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Section: Discussionmentioning

confidence: 84%

Bibliometric Foundations: Tracking the Footprint of Green Finance and Financial Institutions in Global Research

Astiwardhani

2024

JBMR

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“…For example, Han et al (2022) found that green finance can promote green innovation in heavy polluters. Wang et al (2023a) employed China's 2017 green finance reform pilot as a quasi-natural experiment, and found that the green finance pilot promotes green innovation. Based on the above analysis, Hypothesis 1a is proposed.…”

Section: H1: Green Finance Reduces Carbon Emission Intensitymentioning

confidence: 99%

The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy

Liu,

Zhu

2024

Front. Environ. Sci.

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Carbon emissions have become a global challenge that threatens human development. Governments have taken various measures to reduce carbon emissions, and green finance is an important and innovative way to realize carbon emission reductions. This paper uses data on a prefecture-level city in China to explore the impact of green finance on carbon emission intensity from both theoretical and empirical perspectives, and analyzes the mechanisms by which green finance affects carbon emission intensity. On this basis, this paper further analyzes the impact of green finance on carbon emission efficiency. In addition, this paper introduces variables related to the digital economy to perform a comprehensive examination of the moderating effect of digital economy development on the relationship between green finance and both carbon emission intensity and efficiency. The results indicate that green finance reduces carbon emission intensity and that green innovation, green total factor productivity and the transformation and upgrading of industry are important mediating mechanisms. Meanwhile, analysis shows that green finance improves carbon emission efficiency. This paper also finds that the digital economy significantly enhances the role of green finance in reducing carbon emission intensity and promoting carbon emission efficiency, and makes a positive contribution to promoting carbon emission reduction. The findings will contribute to strengthening the government’s capacity for environmental protection, developing green finance, and reducing carbon emissions.

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“…Turning to enterprise factors, recent scholarship has delved into the role and impact of corporate involvement in environmental governance, employing both quantitative and qualitative methodologies (Liu, 2021;Wang et al, 2021). Some studies have specifically examined the influence of the green finance pilot reform on corporate green innovation, using the formation of the China Green Finance Pilot Reform as a case study (Wang et al, 2023). From a governmental perspective, research exploring the intricate relationship between environmental performance and environmental governance is ongoing.…”

Section: Introductionmentioning

confidence: 99%

A statistical examination of the link between environmental performance and legal practices: an evaluation of China’s strategies for residual legislative power allocation

Tian,

Yang,

Tan

2023

Front. Environ. Sci.

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This study investigates the correlation between the environmental legal practices of different countries and their environmental performance. It entails an empirical analysis of cross-sectional environmental data collected from 34 countries, including members of the Organization for Economic Cooperation and Development (OECD) and the BRICs nations (Brazil, Russia, India, China, and South Africa). Then the study explores the correlation between a country’s environmental performance and both the environmental policy stringency and regulatory enforcement. The findings from this global assessment are subsequently corroborated through an examination of China’s environmental time series data spanning a decade, revealing a significant relationship between a country’s environmental performance and regulatory enforcement. These results validate the Incomplete Law Theory within the field of environmental law. Moreover, as the second most populous and the third-largest country in terms of land area globally, China’s environmental protection strategies and performance play a pivotal role in influencing international environmental outcomes. Consequently, the study conducts a case study on China’s environmental legal practices and provides suggestions for enhancing China’s allocation strategies of residual legislative power. The study advocates for the optimization of residual legislative power allocation within local environmental law enforcement agencies and a balanced distribution of public and private residual legislative power. This approach reinforces the government’s role in strategic formulation.

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Green finance pilot reform and corporate green innovation

Cited by 5 publications

References 56 publications

Bibliometric Foundations: Tracking the Footprint of Green Finance and Financial Institutions in Global Research

Bibliometric Foundations: Tracking the Footprint of Green Finance and Financial Institutions in Global Research

The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy

A statistical examination of the link between environmental performance and legal practices: an evaluation of China’s strategies for residual legislative power allocation

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