Effect of green credit policy on energy firms’ growth

Evidence from China

Bibliographic Data

ID15068517
AuthorsCong Li (0009-0002-7711-7277, Qingdao University), Xueting Feng (Qingdao University), Xiujuan Li (0000-0002-4927-4825, Shandong Yingcai University, corresponding author), Yunxu Zhou (Qingdao University)
Year2023
Volume36
Issue2
Publication date2023-07-10
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2023.2177701
OpenAlexW4382301382
LanguageEN
References cited42

The response of energy firms to green credit policy is of great significance, which is related to the emission reduction effect of green finance and transformation of energy firms. This paper analyzes the impact of green credit policy on the growth of energy firms based on the data of Chinese listed companies from 2009 to 2019. The empirical results show that green credit policy has significantly promoted the growth of energy firms. Further research shows that green credit policy promoted the growth of energy firms by reducing financing costs and promoting green innovation. Besides, the owned firms, big-scale firms and firms in central and eastern China are more susceptible to the impacts of the green credit policy. This study is relevant to the implementation of green credit policies and the promotion of the development and transformation of energy firms

Business · China · Empirical research · Green growth · Green innovation · Industrial organization · Sustainable development · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Finance

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