Sustainable development in the context of pandemic: the impact of COVID-19 pandemic on green investment

被引：0
|
作者：
He, Yu [1 ]
Fu, Lin [2 ]
Li, Tao [2 ]
Wei, Ran [3 ]
机构：
[1] China Univ Geosci Beijing, Sch Econ & Management, Beijing, Peoples R China
[2] Cent Univ Finance & Econ, Sch Econ, Beijing, Peoples R China
[3] Minist Agr & Rural Affairs, Res Ctr Rural Econ, Beijing, Peoples R China
来源：
FRONTIERS IN ECOLOGY AND EVOLUTION | 2024年 / 12卷
关键词：
COVID-19; pandemic; green investment; total investment; financial constraints; sustainable development; SARS;
D O I：
10.3389/fevo.2024.1363842
中图分类号：
Q14 [生态学（生物生态学）];
学科分类号：
071012 ; 0713 ;
摘要：
Promoting green investment is the inevitable choice for sustainable economics against climate change. We examine how the COVID-19 pandemic affected corporate green investment. Using a sample of publicly listed firms in China, we document the negative and significant effect of the COVID-19 pandemic on corporate green investment. Further analyses suggest that the COVID-19 pandemic impeded corporate green investment by exacerbating firms' financial constraints. We also find that the COVID-19 pandemic had no significant effect on total investment, suggesting that the pandemic shock only changed investment structure. In summary, our findings reveal the real effects of the COVID-19 pandemic on green development at the firm level.
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页数：8
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