Work

Joint credit system and corporate green innovation: Evidence from a quasi-natural experiment on implementing the Administration of Joint Credit

Year: 2024

Type: article

Abstract: Banking institutions are crucial in providing capital to firms, making credit resources a vital requirement for enterprises' operations. How to ensure credit capital resources is imperative to consistently and proficiently facilitate firms' green innovation. Based on a sample of A-share listed companies from 2013 to 2022, this study reveals a significant enhancement of joint credit systems in corporate green innovation. The finding indicates that a joint credit system, represented by the Administration of Joint Credit, can stimulate corporate green innovation activities. This impact operates mainly through alleviating corporate financing constraints, improving management levels, and promoting real estate investment.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106006

Authors: Liwen Sun, Ying Han

Institution: Hebei University of Technology

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $3,350