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| DOI | 10.1016/j.enpol.2021.112255 |
| Demand for green finance: Resolving financing constraints on green innovation in China | |
| Yu C.-H.; Wu X.; Zhang D.; Chen S.; Zhao J. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 153 |
| 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 |
| 关键词 | Financing constraintsGreen financeGreen innovationOwnership |
| 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 |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205426 |
| 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 |
| 推荐引用方式 GB/T 7714 | Yu C.-H.,Wu X.,Zhang D.,et al. Demand for green finance: Resolving financing constraints on green innovation in China[J],2021,153. |
| APA | Yu C.-H.,Wu X.,Zhang D.,Chen S.,&Zhao J..(2021).Demand for green finance: Resolving financing constraints on green innovation in China.Energy Policy,153. |
| MLA | Yu C.-H.,et al."Demand for green finance: Resolving financing constraints on green innovation in China".Energy Policy 153(2021). |
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