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Green finance policy and labor demand

Author

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  • Jiang, Pengcheng
  • Jiang, Hongli

Abstract

We used the data of A-share listed companies from 2007 to 2019 to examine the impact of the Green Credit Guidelines (GCG) on corporate labor demand. The research showed that the GCG have significant crowding-out effects on the labor demand of high-polluting enterprises. The mechanism study showed that the GCG inhibit labor demand by increasing the productivity of high-polluting enterprises. In addition, in non-state-owned enterprises and enterprises with high analyst coverage, the crowding-out effects of the GCG on labor demand is not significant.

Suggested Citation

  • Jiang, Pengcheng & Jiang, Hongli, 2023. "Green finance policy and labor demand," Economics Letters, Elsevier, vol. 225(C).
    • Handle: RePEc:eee:ecolet:v:225:y:2023:i:c:s0165176523000903
    DOI: 10.1016/j.econlet.2023.111065
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    References listed on IDEAS

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    Cited by:

    1. Wang, Jingqi & Zhang, Wei & Zou, Gaofeng & Li, Yi, 2023. "Strengthened enforcement, weakened efficiency: The effect of environmental inspection on corporate investment," Economics Letters, Elsevier, vol. 232(C).

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    More about this item

    Keywords

    Green credit guidelines; Corporate productivity; Labor demand; Advanced equipment investment; Crowding-out effect;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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