The impact of the level of green finance development on corporate debt financing capacity

被引：51
作者：
He, Yu [1 ]
Liu, Ruizhi [2 ]
机构：
[1] Southwest Petr Univ, Sch Econ & Management, Chengdu 610500, Peoples R China
[2] Ocean Univ China, Management Coll, Qingdao 266100, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 52卷
关键词：
Green finance; Heavy polluters; Green businesses; Debt financing;
D O I：
10.1016/j.frl.2022.103552
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The study examines the impact of the level of green finance development on the debt financing capacity of heavy polluters and green enterprises in China. Using the entropy value method to calculate the level of green finance development at the region level from 2007 to 2020, we find that the increase in the level of green financial development helps to enhance the debt financing ability of green enterprises, while suppressing the debt financing ability of heavy polluting enterprises, and promotes the transformation of heavy polluting enterprises from the perspective of enterprise debt financing.
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页数：8
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