Does green credit affect enterprises' energy efficiency?

被引：1
|
作者：
Zhang, Chong [1 ,2 ]
Zhou, Chaobo [1 ,3 ]
机构：
[1] Ningbo Univ Finance & Econ, Coll Int Econ & Trade, Ningbo, Peoples R China
[2] Ningbo Philosophy & Social Sci Key Res Base Reg Op, Ningbo, Peoples R China
[3] Wuhan Univ, Climate Change & Energy Econ Study Ctr, Wuhan, Peoples R China
来源：
FRONTIERS IN ENERGY RESEARCH | 2023年 / 11卷
关键词：
green credit; energy efficiency; research and development investment; trade credit; state-owned; liquidity ratio; TRADE CREDIT; ENVIRONMENTAL-REGULATIONS; POLICY; INVESTMENT;
D O I：
10.3389/fenrg.2023.1224270
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
Whether green credit promotes heavily polluting enterprises' energy efficiency is indeed of great practical significance for China to early achieve the "double carbon" goal. This paper uses the green credit guideline issued in 2012 as a natural experiment drawing on the relevant data of Chinese listed enterprises from 2009 to 2020. It adopts a difference-in-differences model to assess the effect of green credit guideline on energy efficiency. The research finds green credit guideline improve the energy efficiency level of pilot enterprises by 0.0141 compared to non-pilot enterprises, and green credit guideline can improve energy efficiency by encouraging enterprises to increase research and development investment. Further, trade credit promotes the positive impact of green credit guideline on the energy efficiency. Moreover, green credit guideline plays a role in stimulating energy efficiency in enterprises in regions with high marketization degree, enterprises with high liquidity ratio and state-owned enterprises.
引用
收藏
页数：11
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