Affiliation:
1. School of Financial Technology, Shanghai Lixin University of Accounting and Finance, Shanghai 201209, China
2. School of Finance, Shanghai Lixin University of Accounting and Finance, Shanghai 201209, China
Abstract
To explore the impact of green financial policy on the regional economic development level and the Air Quality Index (AQI), this paper selected two pilot regions of green financial reform policy to construct a quasi-experiment in Zhejiang Province. The results show that green finance reform can reduce AQI and pass the parallel trend test and placebo test, showing strong stability. Mechanism analysis shows that green finance reform can improve environmental quality mainly by increasing urban expenditure on science and technology, the level of urban innovation, and the number of urban enterprise innovations. Then, from a more general perspective, this paper discusses the internal relationship between green finance policy, environmental pollution and its control, and enterprise development and puts forward suggestions for future green finance policy formulation and policy implementation.
Funder
iESG—an integrated green financial service platform for small and medium-sized enterprises
Analysis and empirical study on the transmission mechanism of green financial reform on the ecological environment
Digital inclusive financial impact mechanism
Subject
Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction
Cited by
3 articles.
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