globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2021.112255
论文题名:
Demand for green finance: Resolving financing constraints on green innovation in China
作者: Yu C.-H.; Wu X.; Zhang D.; Chen S.; Zhao J.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 153
语种: 英语
中文关键词: Financing constraints ; Green finance ; Green innovation ; Ownership
英文关键词: Finance policy ; Financial institution ; Financing constraints ; Green credits ; Green finance ; Green innovations ; Innovation capability ; Ownership ; Regulatory commission ; Synthetic mechanism ; Finance ; alternative energy ; banking ; demand analysis ; energy planning ; finance ; financial policy ; innovation ; China
英文摘要: This paper investigates the effects of financing constraints on prompting green innovations using a sample of Chinese listed firms in the period 2001–2017. Also, we explore how green finance policies resolve financing constraints of firms to green innovation. The capability of green innovation is found to be impaired when firms face higher financing constraints, and privately owned enterprises tend to be more vulnerable than state-owned ones in this regard. Although green finance policies can effectively ease financing restraints on green innovation overall, green credits are less likely to be available to privately owned enterprises. However, these enterprises which are deeply affected by financing constraints have relatively high innovation capabilities. We suggest the government to provide more supports to privately owned enterprises for investing in green projects. Further, both financial institutions and privately owned enterprises should be required to disclose more information on green credits and green projects, respectively. In addition, the China Banking Regulatory Commission should design a synthetic mechanism for evaluating green performance. © 2021 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/168103
Appears in Collections:气候变化与战略

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作者单位: Institute of Development Studies, Southwestern University of Finance and Economics, Chengdu, China; School of Economics, Southwestern University of Finance and Economics, Chengdu, China; Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China; School of Law, Southwestern University of Finance and Economics, Chengdu, China

Recommended Citation:
Yu C.-H.,Wu X.,Zhang D.,et al. Demand for green finance: Resolving financing constraints on green innovation in China[J]. Energy Policy,2021-01-01,153
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