How does financial openness affect pollution emission of industrial enterprises?—Empirical evidence from the entry of foreign banks in China
Bibliographic Data
| ID | 12308484 |
|---|---|
| Authors | Bei Liu (0000-0002-5198-0796, School of Management Nanjing University of Posts and Telecommunications Nanjing China), Xing Bao (0009-0001-1605-8958, School of Economics and Management East China Normal University Shanghai China), Zhaoxuan Qiu (0000-0003-1991-2694, Business School Hohai University Nanjing China), Yunyun Zhang (0000-0002-3898-539X, Business School Shandong Normal University Jinan China), Qiu Xia (0009-0004-7856-9413, School of International Economics & Business Nanjing University of Finance & Economics Nanjing China, corresponding author) |
| Year | 2023 |
| Volume | 32 |
| Issue | 4 |
| Pages | 2910-2930 |
| Publication date | 2023-11-13 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.2826 |
| OpenAlex | W4388648759 |
| Language | EN |
| Citations received | 3 |
| References cited | 61 |
Currently, the effects of financial openness (FO) on the environment have not been assessed at the micro level of enterprises. This article uses the difference‐in‐differences method to explore the pollution abatement effect of FO. The results show that FO can effectively promote pollution abatement with a significant environmental performance enhancement effect. In addition, the pollution abatement effect of FO is stronger in large, heavy industrial, and state‐owned enterprises. Besides, FO significantly alleviates financing constraints and promotes the pollution abatement by driving R&D investment and strengthening the intensity of end‐of‐pipe treatment. Policy recommendations are given to steadily expand the FO pattern, improve the financial disclosure system of small and medium‐sized enterprises, and optimize subsidies for increased R&D investment to stimulate pollution abatement. A reference for other emerging economies, especially transitioning economies, is provided to fully utilize the financial system under construction or improvement to realize the value of pollution control
Business · China · Control (management · Economics · Environmental economics · Environmental pollution · Environmental protection · Environmental regulation · Foreign direct investment · Industrial organization · Investment (military · Macroeconomics · Market economy · Natural resource economics · Openness to experience · Subsidy · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Environmental Science · Finance · Pollution
Green credit policy and firm performance
Does financial liberalization spur growth?
Temperature effects on productivity and factor reallocation
The role of environmental technology for energy demand and energy efficiency
Institutions, ownership, and finance
US Food Aid and Civil Conflict
Watering Down Environmental Regulation in China
Testing for Weak Instruments in Linear IV Regression
Bank discrimination in transition economies
The Role of American Depositary Receipts in the Development of Emerging Equity Markets
Resource Misallocation and Energy-Related Pollution
Low‐carbon sustainable development driven by new energy vehicle pilot projects in China
Improving the sustainable development of firms
Democracy, Financial Openness, and Global Carbon Dioxide Emissions
Value chain specialization and green economy performance
Nonlinear effect of industrial robot applications on carbon emissions
A New Era of Pollution Progress in Urban China
| Unique citing works | 3 |
|---|---|
| Citations per year | 1,5 |
| Citation span | 2024 - 2025 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |