Green credit, renewable energy investment and green economy development: Empirical analysis based on 150 listed companies of China
By Lingyun He, Lihong Zhang, Zhangqi Zhong, Deqing Wang, Feng Wang. Journal of Cleaner Production, 2019
528 citations recorded by the source corpus.
Abstract By building a green economy development index to measure the level of green economy development, taking 150 renewable energy listed companies of China for example, this paper constructs a threshold effect model to investigate the non-linear relationship between renewable energy investment and the green economy development index from the perspective of green credit. Results mainly show that: firstly, the impact of renewable energy investment on the green economy development index includes dual threshold effects from green-credit, the effect is divided into three stages: promoting, restraining and promoting successively. Secondly, for large-sized companies, the impact of renewable energy investment on the green economy development index includes one threshold from green-credit, with the effect coefficients at each stage being 0.1034 and −0.0113, successively. However, for medium, small, and micro sized enterprises, the impact of renewable energy investment on the green economy development index includes dual threshold effects from green credit, with the effect coefficients at each stage being 0.1310, −0.0033, and 0.0244, successively, and the inhibition effect not being significant. Thirdly, our results also find that improving expenditure on environmental pollution control and adjusting industry structure are conducive to increasing the green economy development index.
Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/091c30f7d2cbc03d4134eed8c4ef6137678f8cec
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In Economics and Econometrics
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In Pollution
In Renewable Energy, Sustainability and the Environment
Citations in the corpus
- Green credit policy and firm performance: What we learn from China (2021, background): “Green credit expects to rationally allocate credit funds through differentiated credit services, which will eventually lead to coordinated progress between finance and environmental protection (Nandy and Lodh, 2012; He et al., 2019).”
- The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure (2020, background): “To overcome pressure from the accountability system of relevant departments, not merely Chinese enterprises, the enterprises around the world not only make traditional financial reports, but also disclose their non-financial information to the stakeholders by improving the disclosure transparency of”
- Aligning the Criteria of Green Economy (GE) and Sustainable Development Goals (SDGs) to Implement Sustainable Development (2019, background): “1 Renewable energy investment and green economy development Constructs a threshold effect model to investigate the non-linear relationship between renewable energy investment and the green economy development index [50]”