Research on the Impact of Green Finance on the Cultivation of New Quality Productivity of Enterprises

DOI

10.2991/978-94-6463-742-7_42How to use a DOI?

Keywords

Green finance; New quality productivity; Management financial background; High quality development

Abstract

The accelerating progression of global climate governance, coupled with the further advancement of China’s “dual-carbon” strategy, has led to the evolution of green finance into a pivotal policy instrument. The integration of environmental oversight and economic progress through this lens has consequently emerged as a key catalyst for promoting high-quality growth. Nevertheless, current research has not adequately investigated the micro-level mechanisms by which green finance fosters newly refined productivity, nor has it sufficiently underscored the moderating influence of enterprises’ own agency in the policy implementation process. This study employs a novel methodology, namely, a two-difference model (DID), to explore the impact of green finance on the development of enterprises’ new-quality productivity in the context of China’s prefecture-level cities between 2010 - 2023. The novelty of our approach lies in its integration of the managerial financial background into the analytical framework, thereby illuminating the moderating effect of the managerial background on the policy implementation. The findings indicate that the development of green finance can facilitate the enhancement of new-quality productivity among enterprises. It demonstrate that the development of green finance can significantly enhance enterprises’ level of new quality productivity; Moreover, the moderating effect analysis suggests that the financial background of enterprise management exerts a positive moderating influence on this relationship, further boosting the impact of green finance on the elevation of new quality productivity; The heterogeneity analysis demonstrates that the policy effect exhibits a spatial gradient consistent with the phenomenon of “stronger in the east and center than in the west, and lighter pollution is preferable to heavier pollution”. The results of the study provide theoretical basis and practical inspiration for the development of green finance to promote enterprises to accelerate the formation of new quality productivity and promote the development of high-quality economy.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), 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  - Jiayang Shen
PY  - 2025
DA  - 2025/05/31
TI  - Research on the Impact of Green Finance on the Cultivation of New Quality Productivity of Enterprises
BT  - Proceedings of the 2025 4th International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2025)
PB  - Atlantis Press
SP  - 407
EP  - 432
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-742-7_42
DO  - 10.2991/978-94-6463-742-7_42
ID  - Shen2025
ER  -