| Title | Green credit and enterprise environmental and economic performance: The mediating role of eco-innovation |
|---|---|
| ID_Doc | 77397 |
| Authors | Wu, S; Zhou, XY; Zhu, QJ |
| Title | Green credit and enterprise environmental and economic performance: The mediating role of eco-innovation |
| Year | 2023 |
| Published | |
| Abstract | In recent years, green credit has become a major policy for banking institutions to financially support the green development of enterprises. However, there has been no consensus on whether and how green credit can effectively improve enterprise performance. This study investigates the dual impact of green credit on enterprise environmental and economic performance with a conceptual framework that incorporates eco-innovation (i.e., innovation related to eco-process, eco-product, and eco-organization) as a mediator. Using the structural equation model and data from China's 376 textile manufacturing firms, this study reveals that green credit directly improved enterprise economic performance but had no significant direct effect on environmental per-formance. Eco-innovation showed a complete and partial mediating effect in the indirect relationships between green credit and environmental performance, and economic performance, respectively. Such a mediated path can avoid excessive green investment, alleviate financial burden, and promote the green transformation of enter-prises with high pollution and high energy consumption (HH), thus contributing to the sustainable development of green credit. This study offers a valuable framework to assist business managers, bankers, and policymakers in managing green credit, strengthening eco-innovation, and improving environmental and economic performance. |
Similar Articles
| ID | Score | Article |
|---|---|---|
10674
|
Li, L; Msaad, H; Sun, HP; Tan, MX; Lu, YQ; Lau, AKW Green Innovation and Business Sustainability: New Evidence from Energy Intensive Industry in China(2020)International Journal Of Environmental Research And Public Health, 17, 21 | |
| 35449
|
Gao, D; Mo, XL; Duan, K; Li, Y Can Green Credit Policy Promote Firms' Green Innovation? Evidence from China(2022)Sustainability, 14, 7 | |
| 67371
|
Li, YR; Lin, AQ Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise(2024)Heliyon, 10, 7 | |
| 35427
|
Wang, YF; Liu, J; Yang, XR; Shi, M; Ran, R The mechanism of green finance's impact on enterprises' sustainable green innovation(2023)Green Finance, 5, 3 | |
| 35117
|
Fang, XB; Liu, MT; Li, GQ Can The Green Credit Policy Promote Green Innovation In Enterprises? Empirical Evidence From China(2024)Technological And Economic Development Of Economy, 30, 4 | |
| 30083
|
Jiang, SS; Liu, XJ; Liu, ZL; Shi, H; Xu, HD Does green finance promote enterprises' green technology innovation in China?(2022) | |
| 30746
|
Tang, YJ; Yue, SF; Ma, WC; Zhang, LL How do environmental protection expenditure and green technology innovation affect synergistically the financial performance of heavy polluting enterprises? Evidence from China(2022)Environmental Science And Pollution Research, 29, 59 | |
| 34886
|
Xie, XM; Huo, JG; Zou, HL Green process innovation, green product innovation, and corporate financial performance: A content analysis method(2019) | |
| 30215
|
Wang, HM; Wang, SY; Zheng, Y China green credit policy and corporate green technology innovation: from the perspective of performance gap(2023)Environmental Science And Pollution Research, 30, 9 | |
| 30406
|
Khalid, Z; Zhao, LD; Elahi, E; Chang, XL The impact of green management on green innovation in sustainable technology: moderating roles of executive environmental awareness, regulations, and ownership(2024) |