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Low-carbon city pilot policy and green investors entry

Author

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  • Jiang, Yong
  • Ding, Xiao
  • Ren, Yi-Shuai
  • Kong, Xiaolin
  • Baltas, Konstantinos

Abstract

Using low-carbon city pilot policy as a natural experiment, this study investigates whether low-carbon city pilot policy can help enterprises attract green investor entry in China. The results show that low-carbon city pilot policy significantly attracts green investor entry, which is more pronounced in non-state-owned enterprises and heavily polluting enterprises. Mechanism studies indicate that low-carbon city pilot policy facilitates green investor entry by alleviating financing constraints and strengthening enterprises' risk-taking.

Suggested Citation

  • Jiang, Yong & Ding, Xiao & Ren, Yi-Shuai & Kong, Xiaolin & Baltas, Konstantinos, 2024. "Low-carbon city pilot policy and green investors entry," Finance Research Letters, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004513
    DOI: 10.1016/j.frl.2024.105421
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    References listed on IDEAS

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    Cited by:

    1. Ren, Yi-Shuai & Huynh, Toan Luu Duc & Liu, Pei-Zhi & Narayan, Seema, 2024. "Is the carbon emission trading scheme conducive to promoting energy transition? Some empirical evidence from China," Energy Economics, Elsevier, vol. 134(C).
    2. Ren, Yi-Shuai & Klein, Tony & Jiang, Yong, 2024. "Monetary policy uncertainty and green investment decisions: A cross-national spillover perspective," International Review of Financial Analysis, Elsevier, vol. 96(PA).

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