| Title | Green credit policy and digital transformation of polluting firms: a quasi-natural experiment from China |
|---|---|
| ID_Doc | 62374 |
| Authors | Gu, XS; Wang, YL |
| Title | Green credit policy and digital transformation of polluting firms: a quasi-natural experiment from China |
| Year | 2023 |
| Published | |
| Abstract | Green credit is an important way to achieve global green development. Using the adoption of the Green Credit Guidance (GCG) policy implemented by the Chinese government in 2012 as a quasi-natural experiment, this article examines the impact of the GCG on the digital transformation of highly polluting firms. This research uses text analysis to assess the extent of digital transformation. The empirical findings show that the GCG has a considerable detrimental effect on the digital transformation of significantly polluting businesses. According to the underlying mechanics, the GCG prevents extremely polluting firms from digitalization by tightening financial restrictions and lowering innovation inputs. The GCG's disincentive effect on heavy polluters is especially more pronounced in state-owned listed corporations and the Central and Western areas of China, as demonstrated by heterogeneity research. Our research offers novel ideas for creating a digital economy and promoting sustainable development in emerging developing nations like China. |
| https://www.frontiersin.org/articles/10.3389/fenvs.2023.1281165/pdf?isPublishedV2=False |
Similar Articles
| ID | Score | Article |
|---|---|---|
35820
|
Liang, P; Sun, XH Does digital transformation promote the green innovation of China's listed companies?(2024)Environment Development And Sustainability, 26, 9 | |
| 62269
|
Li, SB; Wang, Q Green finance policy and digital transformation of heavily polluting firms: Evidence from China(2023) | |
| 61988
|
He, K; Chen, WY Can digital transformation improve corporate green innovation?(2024) | |
| 62378
|
Ding, Q; Huang, JB; Chen, JY Does digital finance matter for corporate green investment? Evidence from heavily polluting industries in China(2023) | |
| 35349
|
Tan, WJ; Zhang, ZH; Chu, ZZ; Chen, PY Unlocking green potential: The digital government-driven revolution in corporate green innovation(2024) | |
| 30076
|
Xue, L; Zhang, QY; Zhang, XM; Li, CY Can Digital Transformation Promote Green Technology Innovation?(2022)Sustainability, 14, 12 | |
| 30286
|
Yang, P; Sun, WZ How does digital technology facilitate the green innovation of enterprises? Evidence from China(2023)International Review Of Applied Economics, 37, 5 | |
| 62190
|
Zhang, SA; Lai, YC; Li, HD; Wang, SY; Ru, XJ Does digital transformation drive enterprise green investment? Evidence from Chinese listed firms(2024) | |
| 62726
|
Zhou, X; Yuan, DJ; Geng, ZW Can green credit policies improve the digital transformation of heavily polluting enterprises: A quasi-natural experiment based on difference-in-differences(2024)Plos One, 19, 8 | |
| 35323
|
Qiao, PH; Liu, ST; Fung, HG; Wang, C Corporate green innovation in a digital economy(2024) |