Work

Effect of green credit policy on energy firms’ growth: evidence from China

Year: 2023

Type: article

Abstract: 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.

Source: Economic Research-Ekonomska Istraživanja

DOI: 10.1080/1331677x.2023.2177701

Authors: Cong Li, Xueting Feng, Xiujuan Li, Yunxu Zhou

Institutions: Qingdao University, Shandong Yingcai University

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Affordable and clean energy, Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $944