Environmental policies stringency and cross-border banking: The mediating role of green industries

被引：0
作者：
Rapih, Subroto [1 ,3 ]
Borges, Jorge Tavares [2 ,4 ]
Susantiningrum [1 ,3 ]
机构：
[1] Univ Sebelas Maret, Dept Off Adm Educ, Jl Ir Sutami 36A, Surakarta 57126, Jawa Tengah, Indonesia
[2] OSTIM Tech Univ, Ankara, Turkiye
[3] Univ Sebelas Maret, Entrepreneurship Dev Ctr, Surakarta, Indonesia
[4] Yamaguchi Univ, Grad Sch East Asian Studies, Yamaguchi, Japan
来源：
FINANCE RESEARCH LETTERS | 2025年 / 74卷
关键词：
Environmental policy stringency; Green Industries; Cross-border bank inflows; Climate finance; Panel data analysis; STANDARD ERRORS; PANEL-DATA; SPECIFICATION; INSTITUTIONS;
D O I：
10.1016/j.frl.2024.106734
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the impact of domestic environmental policy stringency (EPS) on crossborder bank inflows across 33 countries from 2000 to 2020. Using panel data estimation models, the results reveal that higher levels of EPS are associated with increased cross-border bank inflows. Furthermore, non-market-based EPS shows a stronger effect in attracting these inflows compared to market-based policies. Additionally, green industries in host countries partially mediate the relationship between EPS and cross-border bank inflows, suggesting that stringent EPS fosters a favorable investment climate through the promotion of green sectors. These findings highlight the crucial role of environmental regulations in shaping financial flows and resource distribution in the banking sector, offering valuable insights for policymakers aiming to attract sustainable investment.
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页数：11
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