Green Credit Guideline Influencing Enterprises’ Green Transformation in China-Reference-Cited by-同舟云学术

Green Credit Guideline Influencing Enterprises’ Green Transformation in China

Published:2023-08-07 Issue:15 Volume:15 Page:12094
ISSN:2071-1050
Container-title:Sustainability
language:en
Short-container-title:Sustainability

Author:

Liao Xianchun¹²³,Wang Jie¹,Wang Ting¹,Li Meicun¹²

Affiliation:

1. Business School, University of Jinan, No. 336 Nanxinzhuangxi Road, Jinan 250022, China

2. Institute of Green Development, University of Jinan, No. 336 Nanxinzhuangxi Road, Jinan 250022, China

3. Research Center for Shandong Longshan Green Economy, University of Jinan, No. 336 Nanxinzhuangxi Road, Jinan 250022, China

Abstract

To achieve high-quality corporate development, it is essential to undergo green transformation. Unlike previous literature, this paper explores relevant mechanisms affecting firms’ green transformation from a novel perspective of green credit guidelines (GCG). Using A-share listed industrial enterprises in China from 2010 to 2020 as a sample, we combine the generalized moment estimation model (GMM) with the difference-in-difference model (DID) and demonstrate that (1) GCG significantly promotes enterprises’ green transformation measured by the method of super-efficient Slacks-Based Measure and Data Envelopment Analysis (SBM-DEA). (2) GCG tends to improve green technology innovation, which further facilitates firms’ green transformation, and corporate social responsibility (CSR) reinforces the positive relationship between GCG and firms’ green transformation. Correspondingly, we provide policy recommendations for China and other developing countries.

Funder

National Social Science Fund of China

Publisher

MDPI AG

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction

Link

https://www.mdpi.com/2071-1050/15/15/12094/pdf

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