Green finance policy and enterprise energy consumption intensity: Evidence from a quasi-natural experiment in China

被引：51
|
作者：
Su, Zhifang [1 ]
Guo, Qianqian [1 ]
Lee, Hsiang -Tai [1 ]
机构：
[1] Huaqiao Univ, Sch Econ & Finance, 269, Chenghua North Rd, Quanzhou 362021, Fujian, Peoples R China
来源：
ENERGY ECONOMICS | 2022年 / 115卷
关键词：
Green finance pilot zones policy (GFPZP); Energy consumption intensity (ECI); Green innovation; Environmental governance; IMPACT; EFFICIENCY; ADOPTION; MODEL;
D O I：
10.1016/j.eneco.2022.106374
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Taking the "Green Finance Pilot Zones Policy (GFPZP)" in China in 2017as a quasi-natural experiment, we adopt the difference-in-differences (DID) method to explore the influence of the green finance policy on the energy consumption intensity (ECI) of Chinese A-share listed enterprises. The empirical results reveal that GFPZP ex-hibits energy-saving effect on enterprises and the impacts of GFPZP on the ECI of enterprises are heterogeneous from perspectives of regional development, industry discrepancies, and enterprise-specific characteristics. GFPZP reduces the ECI of enterprises via both channels of green innovation and environmental governance. Our results facilitate a better understanding of the effectiveness of China's green finance policies on enterprise energy consumption.
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页数：14
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