How does the green credit policy affect the technological innovation of enterprises? Evidence from China

Zhang, Shengling; Wu, Zihao; He, Yuanqing; Hao, Yu

doi:10.1016/j.eneco.2022.106236

Cited by 62 publications

(17 citation statements)

References 106 publications

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“…In order to ensure that the establishment of food safety cities has a strong robustness on the impact of agricultural development, and to test whether the policy degree of food safety city establishment is affected by regional characteristics and random factors, this paper constructs a placebo test by randomly generating an experimental group that implements the policy of food safety city establishment. 65 cities were randomly allocated to a new experimental group [ 44 ]. The remaining cities formed the control group, and 500 regressions were conducted for the quasi-regression model.…”

Section: Resultsmentioning

confidence: 99%

Does the Creation of Food Safety Demonstration Cities Promote Agricultural Development? Evidence from China

Huang

2022

IJERPH

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The creation of food safety demonstration cities (CFSDC) is among the key measures the Chinese government implemented to address the intensifying food safety problem. While effectively managing food safety issues, whether this measure will have an impact on agricultural development in China remains unknown. In this paper, based on panel data from 277 cities in China from 2011 to 2019, the impact of the construction of food safety demonstration cities on agricultural development is empirically examined using the difference-in-differences (DID) model. The results show that the CFSDC significantly improves the level of agricultural development, which still holds after various robustness tests. Analysis of the underlying mechanism indicates that the CFSDC promotes urban agricultural development by accelerating both technological innovation and industrial restructuring. The results of heterogeneity analysis show that the policy effects of the CFSDC exhibit significant heterogeneous characteristics depending on city size, city location, and city administrative level. The findings contribute to the understanding of the relationship between policy pilot projects and agricultural development and provide empirical support for promoting the governance of food safety issues and agricultural development.

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Section: Resultsmentioning

confidence: 99%

Does the Creation of Food Safety Demonstration Cities Promote Agricultural Development? Evidence from China

Huang

2022

IJERPH

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“…“Green Financial Reform and Innovation Pilot Zone” policy ( Treat×Post ). The existing studies on green finance policy are limited and mostly focus on investigating the policy effects of green credit (He et al, 2019; Xu et al, 2020; Zhang et al, 2022). The “Green Financial Reform and Innovation Pilot Zone” policy, as a comprehensive green finance policy, marks the establishment of provincial green financial systems.…”

Section: Methods and Datamentioning

confidence: 99%

Green finance policy and enterprise green development: Evidence from China

Lyu

Bai

Zhang

2023

Corp Soc Responsibility Env

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Global environmental issues are becoming increasingly prominent, and green finance may play a key role in achieving sustainable development. This study takes the “Green Financial Reform and Innovation Pilot Zone” policy as a quasi‐natural experiment. The Difference‐in‐Difference model and Propensity Score Matching‐Difference in Difference model are applied to examine the direct effect of green finance policy on the green development of enterprises. A mechanism test model is used to investigate its indirect transmission mechanism. Then several heterogeneity analyses are performed from five perspectives. The results show that green finance policy considerably promotes enterprise green development and the conclusion is supported by a series of robustness tests. The mechanism analyses show that financing constraints and green innovation are the two transmission channels for green finance policy affecting enterprise green development. The heterogeneity analyses indicate that the policy effect is more significant among enterprises those are non‐state‐owned, have managers with a financial background, operate in regions with high marketization, belong to industries with low monopoly, and locate in poilt zones of Zhejiang, Guangdong, and Guizhou. Based on the above findings, policy suggestions are made to establish a win‐win scenario for the economy and the environment.

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“…Industry concentration reflects the pressures of firm operations (Irvine & Pontiff, 2009). Previous studies have shown that industry concentration will affect firm behavior and performance (Xia & Xiong, 2021; Zhang et al, 2014).…”

Section: Theoretical Grounding and Hypothesis Developmentmentioning

confidence: 99%

The double‐edged sword effect of organizational resilience onESGperformance

Liang,

2023

Corp Soc Responsibility Env

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Building on conservation of resources theory, we construct a dual‐pathway approach which aims to reveal the mixed effects of organizational resilience on environmental, social and corporate governance (ESG) performance. Specifically, this paper argues that organizational resilience will both stimulate innovation input, enhancing ESG performance (positive pathway) and promote strategic change, inhibiting ESG performance (negative pathway). Meanwhile, the indirect effect of organizational resilience on ESG performance via innovation input and strategic change is also moderated by industry concentration, and both indirect effects are stronger when industry concentration is low. Data of Chinese A‐share listed firms from 2010 to 2020 support the proposed theoretical framework. This study provides theoretical and managerial implications for organizational resilience research.

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How does the green credit policy affect the technological innovation of enterprises? Evidence from China

Cited by 62 publications

References 106 publications

Does the Creation of Food Safety Demonstration Cities Promote Agricultural Development? Evidence from China

Does the Creation of Food Safety Demonstration Cities Promote Agricultural Development? Evidence from China

Green finance policy and enterprise green development: Evidence from China

The double‐edged sword effect of organizational resilience onESGperformance

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