Green credit policy, credit discrimination and corporate debt financing
Dados Bibliográficos
| ID | 6045461 |
|---|---|
| Autores | Junjie Guo (0000-0002-7424-7327, Zhongnan University of Economics and Law), Ying Fang (0000-0002-2490-8502, Xiamen University, autor correspondente) |
| Ano | 2024 |
| Volume | 4 |
| Fascículo | 1 |
| Páginas | 42-54 |
| Data de publicação | 2024-03-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | China Economic Quarterly International (JOURNAL) |
| Identificadores do periódico | ISSN: 2666-9331 • E-ISSN: 2666-9331 |
| Editora | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.ceqi.2024.03.004 |
| OpenAlex | W4393321442 |
| Idioma | EN |
| Referências citadas | 9 |
Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP) affects corporate debt financing. By controlling credit input, GCP can effectively restrain corporate debt financing in the “two-high” industries. However, the policy also leads to the environmental performance effect and bank credit discrimination effect, as it strengthens the impact of environmental performance on corporate debt financing and weakens banks’ credit discrimination. Under the combined effect of the three ways, GCP has restrained the borrowing growth of state-owned enterprises, but has no significant impact on private firms
Business · Debt · Financial system · Corporate Finance and Governance · Energy, Environment, Economic Growth · Sustainable Finance and Green Bonds · Finance
| Velocidade de citação | historical |
|---|---|
| Altamente citado | Não |