Whether Green Finance Improves Green Innovation of Listed Companies-Evidence from China.

ABSTRACT: Facing the intensification of global carbon emissions and the increasingly severe pressure of environmental pollution, listed companies urgently need to promote green innovation, achieve green transformation, and alleviate environmental problems. Green finance policy has played a significant role as a financial strategy for environmental governance in affecting green innovation level over the years. In this context, taking the green finance reform and innovation pilot zone (GFRIPZ) implemented in 2017 in China as a quasi-natural experiment, this paper analyzes the impact of green finance policy on green innovation level of listed companies by the difference-in-difference model. Based on the data of Chinese A-share listed companies from 2008 to 2020, the results of empirical analysis show t

SUBMITTER: Dong Z 

PROVIDER: S-EPMC9518455 | biostudies-literature | 2022 Aug

REPOSITORIES: biostudies-literature