IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v59y2024ics1544612323011406.html
   My bibliography  Save this article

Green credit, financial regulation and corporate green innovation: Evidence from China

Author

Listed:
  • Chen, Yu
  • Zhang, Yujiao
  • Wang, Mingshan

Abstract

The relationship between green credits, financial regulation, and corporate green innovation is gaining attention in academia and industry. While literature acknowledges green credits' role in promoting green innovation, few studies explore their interplay within firms. This study uses annual data from A-share listed companies from 2011 to 2020, showing that green credits catalyze firm-level green innovation. Financial regulation also enhances green credits' positive effects on innovation. Notably, green credits' influence is more pronounced in large-scale enterprises.

Suggested Citation

  • Chen, Yu & Zhang, Yujiao & Wang, Mingshan, 2024. "Green credit, financial regulation and corporate green innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011406
    DOI: 10.1016/j.frl.2023.104768
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612323011406
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2023.104768?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kong, Dongmin & Liu, Shasha & Wang, Yanan, 2018. "Learning from outsiders: Do managers benefit from communication with market participants?," Finance Research Letters, Elsevier, vol. 26(C), pages 192-197.
    2. Liu, Jiangtao & Zhang, Yi & Kuang, Jia, 2023. "Fintech development and green innovation: Evidence from China," Energy Policy, Elsevier, vol. 183(C).
    3. Wang, Jun, 2023. "The impact of investor communication on enterprise green innovation," Finance Research Letters, Elsevier, vol. 57(C).
    4. Xu, Yuecheng & Shang, Yunfeng, 2023. "Emission taxation and sustainability in the mineral resources industry," Resources Policy, Elsevier, vol. 86(PB).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shi, Hongyu & Zhou, Qun, 2024. "Government R&D Subsidies, Environmental regulation and corporate green innovation performance," Finance Research Letters, Elsevier, vol. 69(PB).
    2. Yang, Jinxuan & Hui, Ning, 2024. "How digital finance affects the sustainability of corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
    3. Wang, Mengna & Ma, Xingchao, 2024. "Does green finance promote the transformation and upgrading of manufacturing enterprises? Empirical research based on micro survey data in China," Finance Research Letters, Elsevier, vol. 69(PB).
    4. Cheng, Shulei & Chen, Yongtao & Wang, Kexin & Jia, Lijun, 2024. "Climate policy uncertainty influences carbon emissions in the semiconductor industry," International Journal of Production Economics, Elsevier, vol. 278(C).
    5. Ting Pan & Boqiang Lin, 2025. "Is the green credit policy useful for improving energy intensity? Evidence from cities in China," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-29, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Yanyan & He, Xubiao, 2024. "Competence enhancement from interactive learning: Does attending conferences affect CEO turnover?," International Review of Economics & Finance, Elsevier, vol. 95(C).
    2. Yu, Dan & Wang, Shenghu & Yi, Yuting & Ren, Yu, 2024. "The role of fintech, natural resources and trade policy uncertainty towards SDGs in China: New insights from nonlinear approach," Resources Policy, Elsevier, vol. 91(C).
    3. Zhu, Minjing & Zhu, Lei, 2024. "Digitalization of the economy and sustainability of metallic mineral production," Resources Policy, Elsevier, vol. 98(C).
    4. Ge, Wenfeng & Yang, Ping & Pan, Xu & Ran, Qiying, 2024. "Sustainable utilization of mining resources: Exploring the impact of FinTech on green development from the perspective of mining enterprises," Resources Policy, Elsevier, vol. 97(C).
    5. Wang, Chuangang & Li, Xin, 2024. "Optimizing the utilization of mineral assets and human resources for enhanced social welfare and sustainable development," Resources Policy, Elsevier, vol. 90(C).
    6. Xiao, Anran & Xu, Zeshui & Skare, Marinko & Xiao, JingLin & Qin, Yong, 2024. "Unlocking the potential of FinTech: A pathway to sustainable resource management in the EU," Resources Policy, Elsevier, vol. 98(C).
    7. Liu, Lei & Chen, Zhi & Al-Hiyari, Ahmad & Nassani, Abdelmohsen, 2024. "Sustainable growth in mineral rich BRI countries: Linking institutional performance, Fintech, and green finance to environmental impact," Resources Policy, Elsevier, vol. 96(C).
    8. Ge, Qian-Qian & Liu, Xi-Hua & Zhang, Yu-Chen & Liu, Shi-Qi, 2023. "Has China’s Free Trade Zone policy promoted the upgrading of service industry structure?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1171-1186.
    9. Wang, Wei & Liu, Dongsheng & Chen, Lifeng & Song, Meizhe & Xu, Jiaqi, 2024. "Assessment of impacts of green technology and innovation on sustainable mineral resource production," Resources Policy, Elsevier, vol. 90(C).
    10. Lai, Shaojie & Li, Xiaorong & Liu, Shiang & Wang, Qing Sophie, 2022. "Institutional investors’ site visits and corporate employment decision-making," Journal of Contemporary Accounting and Economics, Elsevier, vol. 18(3).
    11. Liu, Donghui & Shang, Zhaoyan & Lin, Tongzhi & Yue, Shuguang, 2024. "Balancing law, sustainability, and the economy in China's responsible mineral resource extraction path," Resources Policy, Elsevier, vol. 90(C).
    12. Li, Jianying & Fang, Zhi, 2024. "Navigating COVID-19 disruptions for resilience and green growth in mineral resource trade," Resources Policy, Elsevier, vol. 90(C).
    13. Lv, Zhaojiang & Chen, Lan & Ali, Syed Ahtsham & Muda, Iskandar & Alromaihi, Abdullah & Boltayev, Jurabek Yusufovich, 2024. "Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation," Resources Policy, Elsevier, vol. 89(C).
    14. Ying Lu & Sha Sun & Mingming Zhang & Zikun Yang, 2024. "Moving Towards Sustainable Development: Can Supply Chain Finance Promote Corporate Green Innovation?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 13001-13026, September.
    15. Chen, Yuling & Che, Zhen & Wan, Dongqi, 2024. "How does the financial technology innovation regulatory pilot influence financial regulation?," Finance Research Letters, Elsevier, vol. 69(PB).
    16. Cui, Xiaona & Mohd Said, Ridzwana & Abdul Rahim, Norhuda & Ni, Mengjiao, 2024. "Can green finance Lead to green investment? Evidence from heavily polluting industries," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    17. Xingcun Qin & Genglin Dong & Pengcheng Xie & Yulong Zhang & Cuiping Liao, 2024. "Impact of Green Finance on Carbon Emission Efficiency and Spatial Spillover Effects: A Case Study of Guangzhou, China," Sustainability, MDPI, vol. 16(23), pages 1-22, November.
    18. Hu, Qian & Gu, Yongkun, 2024. "Mineral resources and the green economy: A blueprint for sustainable development and innovation," Resources Policy, Elsevier, vol. 88(C).
    19. Gao, Pengfei & Li, Zhiyi & Shi, Rubiao, 2024. "Impact of natural resource dependence on green technology development: Role of digital governance in mitigating resource-curse using big data," Resources Policy, Elsevier, vol. 92(C).
    20. Wang, Shaohui & Yong, Yanlan & Liu, Xizhang & Wang, Yunliang, 2024. "How Fintech mitigates credit mismatches to promote green innovation: Evidence from Chinese listed enterprises," International Review of Financial Analysis, Elsevier, vol. 96(PB).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011406. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.