Proceedings of the 2024 7th International Conference on Humanities Education and Social Sciences (ICHESS 2024)

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The Impact of Green Credit on Corporate Environmental Investment—Based on The Data of A-share Listed Companies in China

Authors
Yuzan Dai1, *, Wenjin Wu1, Junlong Wang1
1College of Economics and Management, Hefei University, Hefei, Anhui, 230601, China
*Corresponding author. Email: daiyuzan@126.com
Corresponding Author
Yuzan Dai
Available Online 23 December 2024.
DOI
10.2991/978-2-38476-323-8_77How to use a DOI?
Keywords
Green credit; Environmental investment; Financing constraints
Abstract

Green credit is essential for promoting green and low-carbon development in our country. Its purpose lies in encouraging and restricting heavy polluters to lend money, urging them to increase green investment, transform into green companies, and achieve the purpose of green and low carbon. This paper empirically analyzes how the Green Credit policy affects companies’ green investment behavior. The results show that the green loan system in our country can effectively promote the company's green investment, and this effect is more evident for a company that highly depends on external financing. In addition, the incentive effect of green loans is more obvious in state-owned enterprises and central and western regions. The research results of this project will further clarify the promoting effect of green credit policy on the company's green investment, reveal the mechanism of Green Credit policy on the company's green investment, and provide a theoretical basis for promoting the green transformation and upgrading of enterprises.

Copyright
© 2024 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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Volume Title
Proceedings of the 2024 7th International Conference on Humanities Education and Social Sciences (ICHESS 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
23 December 2024
ISBN
978-2-38476-323-8
ISSN
2352-5398
DOI
10.2991/978-2-38476-323-8_77How to use a DOI?
Copyright
© 2024 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.

Cite this article

risenwbib
TY  - CONF
AU  - Yuzan Dai
AU  - Wenjin Wu
AU  - Junlong Wang
PY  - 2024
DA  - 2024/12/23
TI  - The Impact of Green Credit on Corporate Environmental Investment—Based on The Data of A-share Listed Companies in China
BT  - Proceedings of the 2024 7th International Conference on Humanities Education and Social Sciences (ICHESS 2024)
PB  - Atlantis Press
SP  - 671
EP  - 677
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-323-8_77
DO  - 10.2991/978-2-38476-323-8_77
ID  - Dai2024
ER  -