Impact of green finance on R&D of “two high and one surplus” enterprises against the greenwashing background: exploring the role of green credit

• Published in: Environment, development and sustainability Vol. 26; no. 11; pp. 29493 - 29522
• Main Authors: Ma, Wanwan, Zheng, Chenbin, Zhao, Xin, Ma, Xiaowei, Khan, Salahuddin
• Format: Journal Article
• Language: English
• Published: Dordrecht Springer Netherlands 01.11.2024; Springer Nature B.V
• Subjects: Accumulation; China; Clean energy; Companies; Credit; Credit policy; debt; Debt financing; Dynamic tests; Earth and Environmental Science; Ecology; Economic Geology; Economic Growth; energy; Environment; Environmental Economics; Environmental Management; False information; Finance; Financing; Green development; Greenwashing; Greenwashing in Corporate Sustainability Reporting: Towards Successful Environmental Sustainability Management; Heterogeneity; Inhibition; issues and policy; loans; Policy implementation; Preservation; Public enterprise; public ownership; R&D; Research & development; research and development; risk; Robustness; Sustainable Development; Tests; Transformation; China; R&D; Green credit; Quasi-natural experiments; Difference-in-difference; Two highs and one surplus

The green credit policy (GCP), which serves as the focal point of the green finance system in China, helps devote credit resources to projects that promote preservation of the environment while limiting the inflow of bank credit funds to enterprises that are high polluting, high energy consuming, or...