Can Green Finance Promote Corporate Green Transformation?

— Empirical Evidence from China's A-Share Listed Companies

DOI

10.2991/978-2-38476-611-6_69How to use a DOI?

Keywords

green finance; corporate green transformation; financing constraints; financing costs; heterogeneity analysis

Abstract

Using China’s A-share listed companies as a sample, this study empirically examines the effects of green finance on corporate green transformation, its operational mechanisms, and heterogeneous characteristics. Findings reveal that green finance significantly accelerates corporate green transformation through two pathways: environmental financing constraints and reduced financing costs. Heterogeneity analysis indicates that non-state-owned enterprises exhibit greater sensitivity to green finance, yielding more pronounced transformation effects. Notably, green finance significantly influences the transformation of technology-intensive enterprises but shows no significant impact on capital-intensive or labor-intensive firms.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 3.0 International License (http://creativecommons.org/licenses/by-nc/3.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ruoxi Yu
PY  - 2026
DA  - 2026/09/07
TI  - Can Green Finance Promote Corporate Green Transformation?
BT  - Proceedings of the 2026 12th International Conference on Digital Humanities and Frontiers in Social Sciences (DHFSS 2026)
PB  - Atlantis Press
SP  - 631
EP  - 638
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-611-6_69
DO  - 10.2991/978-2-38476-611-6_69
ID  - Yu2026
ER  -