Green credit and corporate ESG performance: Evidence from China

被引：72
|
作者：
Gao, Wei [1 ,2 ]
Liu, Zebin [3 ]
机构：
[1] Harbin Univ Commerce, Sch Finance, Harbin, Peoples R China
[2] Harbin Engn Univ, Natl Sci Pk, Harbin, Peoples R China
[3] Univ Leeds, Leeds Univ Business Sch, Leeds, England
来源：
FINANCE RESEARCH LETTERS | 2023年 / 55卷
关键词：
Green credit; Enterprise ESG performance; DID model; Green technology innovation;
D O I：
10.1016/j.frl.2023.103940
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using the data of Chinese a-share non-financial listed companies from 2010 to 2020, this paper conducts a natural experiment based on the implementation of the circular on the issuance of green credit guidelines, DID model was used to explore the impact of green credit on ESG performance and its mechanism. The results show that the implementation of green credit policy can significantly improve the ESG performance of enterprises. After parallel trend test and PSM-DID test, the results are still valid. Further analysis shows that green credit can improve ESG per-formance by promoting Enterprise Green technology innovation.
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页数：7
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