Original scientific paper
https://doi.org/10.1080/1331677X.2023.2177701
Effect of green credit policy on energy firms’ growth: evidence from China
Cong Li
Xueting Feng
Xiujuan Li
Yunxu Zhou
Abstract
The response of energy firms to green credit policy is of great significance,
which is related to the emission reduction effect of
green finance and transformation of energy firms. This paper analyzes
the impact of green credit policy on the growth of energy
firms based on the data of Chinese listed companies from 2009
to 2019. The empirical results show that green credit policy has
significantly promoted the growth of energy firms. Further
research shows that green credit policy promoted the growth of
energy firms by reducing financing costs and promoting green
innovation. Besides, the owned firms, big-scale firms and firms in
central and eastern China are more susceptible to the impacts of
the green credit policy. This study is relevant to the implementation
of green credit policies and the promotion of the development
and transformation of energy firms.
Keywords
Green credit; energy firm; financing costs; firm growth
Hrčak ID:
306852
URI
Publication date:
30.4.2023.
Visits: 347 *