globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2021.112254
论文题名:
The financing efficiency of listed energy conservation and environmental protection firms: Evidence and implications for green finance in China
作者: Jin Y.; Gao X.; Wang M.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 153
语种: 英语
中文关键词: Energy conservation and environmental protection industry ; Financing efficiency ; Green finance
英文关键词: Commerce ; Energy efficiency ; Financial markets ; Economic policies ; Energy conservation and environmental protection industry ; Energy conservation and environmental protections ; Finance policy ; Financing efficiency ; Firm size ; Green finance ; Interaction effect ; Policy and economics ; Western region ; Environmental protection ; economic policy ; energy conservation ; environmental economics ; environmental protection ; financial market ; green economy ; policy implementation ; policy making ; China
英文摘要: With the implementation of a series of policies related to the energy conservation and environmental protection (ECEP) industry, green finance has become a crucial approach to provide credits for the ECEP industry. Using data on Chinese-listed ECEP firms from 2010 to 2019, this work quantitatively identifies the financing efficiency of these firms and its determinants. The main results show that banks are still dominant in the Chinese financial market for providing credits, and firms listed on the second board show higher financing efficiency. The financing efficiency of firms located in the central and western regions improves significantly, especially after 2016, reflecting the interaction effect of green finance policies and economic policies supporting underdeveloped regions. Both country-level factors (e.g., formal institutions and financial supervision) and firm-level factors (e.g., firm size and debt ratio) have an impact on financing efficiency. These findings have important implications for policymakers who are carefully contemplating green finance policies to support ECEP firms through an effective financial market mechanism, which eventually helps to realize the transition of the energy sector. © 2021 Elsevier Ltd
Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167850
Appears in Collections:气候变化与战略

Files in This Item:

There are no files associated with this item.


作者单位: Department of Energy Finance, School of Finance, Tianjin University of Finance and Economics, 25 Zhujiang Road, Tianjin, 300222, China

Recommended Citation:
Jin Y.,Gao X.,Wang M.. The financing efficiency of listed energy conservation and environmental protection firms: Evidence and implications for green finance in China[J]. Energy Policy,2021-01-01,153
Service
Recommend this item
Sava as my favorate item
Show this item's statistics
Export Endnote File
Google Scholar
Similar articles in Google Scholar
[Jin Y.]'s Articles
[Gao X.]'s Articles
[Wang M.]'s Articles
百度学术
Similar articles in Baidu Scholar
[Jin Y.]'s Articles
[Gao X.]'s Articles
[Wang M.]'s Articles
CSDL cross search
Similar articles in CSDL Cross Search
[Jin Y.]‘s Articles
[Gao X.]‘s Articles
[Wang M.]‘s Articles
Related Copyright Policies
Null
收藏/分享
所有评论 (0)
暂无评论
 

Items in IR are protected by copyright, with all rights reserved, unless otherwise indicated.