Does green credit policy affect corporate innovation performance?-A quasi-natural experiment based on Green Credit Guidelines.

ABSTRACT: For urgent need to the transition to sustainable development, it is of great significance to explore the driving role of green credit policies in innovation performance. This study uses a sample of Chinese A-share listed companies from 2004 to 2019 and constructs a quasi-natural experiment based on the Green Credit Guidelines issued by the China Banking Regulatory Commission in 2012. PSM-DID method is employed to examine the innovation impact of green credit policies in both green credit-restricted and non-restricted industries, thereby exploring the its mechanism of influence on firm innovation performance. The results show that after the implementation of Guidelines, it promotes a company's innovation output, significantly enhances its innovation performance, especially in terms of quant

SUBMITTER: Wu J 

PROVIDER: S-EPMC10550139 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature