Green credit and corporate ESG performance: Evidence from China

被引：63
|
作者：
Gao, Wei [1 ,2 ]
Liu, Zebin [3 ]
机构：
[1] Harbin Univ Commerce, Sch Finance, Harbin, Peoples R China
[2] Harbin Engn Univ, Natl Sci Pk, Harbin, Peoples R China
[3] Univ Leeds, Leeds Univ Business Sch, Leeds, England
来源：
FINANCE RESEARCH LETTERS | 2023年 / 55卷
关键词：
Green credit; Enterprise ESG performance; DID model; Green technology innovation;
D O I：
10.1016/j.frl.2023.103940
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using the data of Chinese a-share non-financial listed companies from 2010 to 2020, this paper conducts a natural experiment based on the implementation of the circular on the issuance of green credit guidelines, DID model was used to explore the impact of green credit on ESG performance and its mechanism. The results show that the implementation of green credit policy can significantly improve the ESG performance of enterprises. After parallel trend test and PSM-DID test, the results are still valid. Further analysis shows that green credit can improve ESG per-formance by promoting Enterprise Green technology innovation.
引用
收藏
页数：7
相关论文
共 50 条
  • [41] Short-selling and corporate ESG performance: evidence from China
    Hou, Deshuai
    Yan, Junnan
    Sun, Qiong
    Chen, Ying
    SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL, 2025, 16 (02) : 443 - 483
  • [42] Climate risk perception and corporate ESG performance: evidence from China
    Li, Menghan
    JOURNAL OF ACCOUNTING LITERATURE, 2024,
  • [43] Digital Finance Promotes Corporate ESG Performance: Evidence from China
    Mo, Yalin
    Che, Yuchen
    Ning, Wenqiao
    SUSTAINABILITY, 2023, 15 (14)
  • [44] Green credit, carbon emission trading and corporate green innovation: Evidence from China
    Zhou, Xiaoxiao
    Dai, Mengsi
    Liu, Li
    PACIFIC-BASIN FINANCE JOURNAL, 2024, 86
  • [45] Does green credit policy promote corporate green innovation? Evidence from China
    Xiwen Yin
    Dingqing Wang
    Jingjing Lu
    Lei Liu
    Economic Change and Restructuring, 2023, 56 : 3187 - 3215
  • [46] Does green credit policy promote corporate green innovation? Evidence from China
    Yin, Xiwen
    Wang, Dingqing
    Lu, Jingjing
    Liu, Lei
    ECONOMIC CHANGE AND RESTRUCTURING, 2023, 56 (05) : 3187 - 3215
  • [47] Green innovation and corporate ESG performance: Evidence from Chinese listed companies
    Liu, Xiaojing
    Huang, Ningren
    Su, Wunhong
    Zhou, Haiyan
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 95
  • [48] Does ESG performance affect trade credit financing? Evidence from China
    Lian, Yonghui
    Yang, Zixin
    Cao, Hong
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2025, 74
  • [49] Does ESG Disclosure Affect Corporate-Bond Credit Spreads? Evidence from China
    Yang, Yuexiang
    Du, Zhihui
    Zhang, Zhen
    Tong, Guanqun
    Zhou, Rongxi
    SUSTAINABILITY, 2021, 13 (15)
  • [50] Green Financial Reform and Corporate ESG Performance in China: Empirical Evidence from the Green Financial Reform and Innovation Pilot Zone
    Chen, Zhao
    Hu, Ling
    He, Xin
    Liu, Ziming
    Chen, Danni
    Wang, Weirui
    INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2022, 19 (22)
12345