Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Green Credit Guideline Influencing Enterprises’ Green Transformation in China
To achieve high-quality corporate development, it is essential to undergo green transformation. Unlike previous literature, this paper explores relevant mechanisms affecting firms’ green transformation from a novel perspective of green credit guidelines (GCG). Using A-share listed industrial enterprises in China from 2010 to 2020 as a sample, we combine the generalized moment estimation model (GMM) with the difference-in-difference model (DID) and demonstrate that (1) GCG significantly promotes enterprises’ green transformation measured by the method of super-efficient Slacks-Based Measure and Data Envelopment Analysis (SBM-DEA). (2) GCG tends to improve green technology innovation, which further facilitates firms’ green transformation, and corporate social responsibility (CSR) reinforces the positive relationship between GCG and firms’ green transformation. Correspondingly, we provide policy recommendations for China and other developing countries.
Green Credit Guideline Influencing Enterprises’ Green Transformation in China
To achieve high-quality corporate development, it is essential to undergo green transformation. Unlike previous literature, this paper explores relevant mechanisms affecting firms’ green transformation from a novel perspective of green credit guidelines (GCG). Using A-share listed industrial enterprises in China from 2010 to 2020 as a sample, we combine the generalized moment estimation model (GMM) with the difference-in-difference model (DID) and demonstrate that (1) GCG significantly promotes enterprises’ green transformation measured by the method of super-efficient Slacks-Based Measure and Data Envelopment Analysis (SBM-DEA). (2) GCG tends to improve green technology innovation, which further facilitates firms’ green transformation, and corporate social responsibility (CSR) reinforces the positive relationship between GCG and firms’ green transformation. Correspondingly, we provide policy recommendations for China and other developing countries.
Green Credit Guideline Influencing Enterprises’ Green Transformation in China
Xianchun Liao (Autor:in) / Jie Wang (Autor:in) / Ting Wang (Autor:in) / Meicun Li (Autor:in)
2023
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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