IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v64y2024ics1544612324004707.html
   My bibliography  Save this article

Environmental pollution, green finance, and enterprise growth based on the environmental Kuznets curve perspective

Author

Listed:
  • Ma, Wenxia
  • Cao, Li
  • Li, Xiangqian
  • Zhao, Xing

Abstract

This study empirically examines the impact of environmental pollution on enterprise growth using data from the Chinese Enterprise Database and the Environmental Pollution Database. Results revealed (1) an inverted U-shaped impact of environmental pollution on enterprise growth. (2)After Furthermore, adding an interaction term between green finance and environmental pollution could significantly promote enterprise growth in the target and neighboring regions. (3) Market competition was found to moderate the inverted U-shaped relation between environmental pollution and enterprise growth. (4) Additionally, this relation was more pronounced in regions with lower levels of financial development.

Suggested Citation

  • Ma, Wenxia & Cao, Li & Li, Xiangqian & Zhao, Xing, 2024. "Environmental pollution, green finance, and enterprise growth based on the environmental Kuznets curve perspective," Finance Research Letters, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004707
    DOI: 10.1016/j.frl.2024.105440
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324004707
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105440?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. Zhu, Weidong & Zhang, Tianjiao & Wu, Yong & Li, Shaorong & Li, Zhimin, 2022. "Research on optimization of an enterprise financial risk early warning method based on the DS-RF model," International Review of Financial Analysis, Elsevier, vol. 81(C).
    2. Suri, Vivek & Chapman, Duane, 1998. "Economic growth, trade and energy: implications for the environmental Kuznets curve," Ecological Economics, Elsevier, vol. 25(2), pages 195-208, May.
    3. Marco Botta, 2020. "Financial crises, debt overhang, and firm growth in transition economies," Applied Economics, Taylor & Francis Journals, vol. 52(40), pages 4333-4350, August.
    4. Sarkodie, Samuel Asumadu & Ozturk, Ilhan, 2020. "Investigating the Environmental Kuznets Curve hypothesis in Kenya: A multivariate analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 117(C).
    5. Chen, Wenhui & Lei, Yalin, 2018. "The impacts of renewable energy and technological innovation on environment-energy-growth nexus: New evidence from a panel quantile regression," Renewable Energy, Elsevier, vol. 123(C), pages 1-14.
    6. Wang, Qunwei & Fan, Zining, 2023. "Green finance and investment behavior of renewable energy enterprises: A case study of China," International Review of Financial Analysis, Elsevier, vol. 87(C).
    7. Tingli Liu & Yu Fang & Qianqian Shi & Lei Ren, 2023. "Research on the Effect of the New Environmental Protection Law on the Market Competitiveness of China’s Heavily Polluting Enterprises," Sustainability, MDPI, vol. 15(13), pages 1-21, June.
    Full references (including those not matched with items on IDEAS)

    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. Vaishali S. Dhingra, 2023. "Financial development, economic growth, globalisation and environmental quality in BRICS economies: evidence from ARDL bounds test approach," Economic Change and Restructuring, Springer, vol. 56(3), pages 1651-1682, June.
    2. Brown, Leanora & McFarlane, Adian & Campbell, Kaycea & Das, Anupam, 2020. "Remittances and CO2 emissions in Jamaica: An asymmetric modified environmental kuznets curve," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    3. Haider Mahmood & Muhammad Tanveer & Maham Furqan, 2021. "Investigating the N-Shaped Energy-Environmental Kuznets Curve Hypothesis in Saudi Arabia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 499-503.
    4. Jahanger, Atif & Zubair Chishti, Muhammad & Chukwuma Onwe, Joshua & Awan, Ashar, 2022. "How far renewable energy and globalization are useful to mitigate the environment in Mexico? Application of QARDL and spectral causality analysis," Renewable Energy, Elsevier, vol. 201(P1), pages 514-525.
    5. Hasan, Mohammad Maruf & Nan, Su & Waris, Umra, 2024. "Assessing the dynamics among oil consumption, ecological footprint, and renewable energy: Role of institutional quality in major oil-consuming countries," Resources Policy, Elsevier, vol. 90(C).
    6. Chiu, Chien-Liang & Chang, Ting-Huan, 2009. "What proportion of renewable energy supplies is needed to initially mitigate CO2 emissions in OECD member countries?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1669-1674, August.
    7. Fujii, Hidemichi & Managi, Shunsuke, 2013. "Which industry is greener? An empirical study of nine industries in OECD countries," Energy Policy, Elsevier, vol. 57(C), pages 381-388.
    8. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2017. "The Causal Factors of International Inequality in $$\hbox {CO}_{2}$$ CO 2 Emissions Per Capita: A Regression-Based Inequality Decomposition Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 683-700, August.
    9. G. Mythili & Shibashis Mukherjee, 2011. "Examining Environmental Kuznets Curve for river effluents in India," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 13(3), pages 627-640, June.
    10. Łukasz Jarosław Kozar & Robert Matusiak & Marta Paduszyńska & Adam Sulich, 2022. "Green Jobs in the EU Renewable Energy Sector: Quantile Regression Approach," Energies, MDPI, vol. 15(18), pages 1-21, September.
    11. Diogo Ferraz & Fernanda P. S. Falguera & Enzo B. Mariano & Dominik Hartmann, 2021. "Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review," Sustainability, MDPI, vol. 13(3), pages 1-29, January.
    12. Kartal, Mustafa Tevfik & Ghosh, Sudeshna & Adebayo, Tomiwa Sunday, 2023. "Renewable energy effect on economy and environment: The case of G7 countries through novel bootstrap rolling window approach," Renewable Energy, Elsevier, vol. 216(C).
    13. Rothman, Dale S., 1998. "Environmental Kuznets curves--real progress or passing the buck?: A case for consumption-based approaches," Ecological Economics, Elsevier, vol. 25(2), pages 177-194, May.
    14. Ramos-Martin, Jesus, 2003. "Empiricism in ecological economics: a perspective from complex systems theory," Ecological Economics, Elsevier, vol. 46(3), pages 387-398, October.
    15. Andreoni, James & Levinson, Arik, 2001. "The simple analytics of the environmental Kuznets curve," Journal of Public Economics, Elsevier, vol. 80(2), pages 269-286, May.
    16. Ajayi, Patricia & Ogunrinola, Adedeji, 2020. "Growth, Trade Openness and Environmental Degradation in Nigeria," MPRA Paper 100713, University Library of Munich, Germany.
    17. Shahbaz, Muhammad & Nasreen, Samia & Ahmed, Khalid & Hammoudeh, Shawkat, 2017. "Trade openness–carbon emissions nexus: The importance of turning points of trade openness for country panels," Energy Economics, Elsevier, vol. 61(C), pages 221-232.
    18. Haochang Yang & Faming Zhang & Yixin He, 2021. "Exploring the effect of producer services and manufacturing industrial co-agglomeration on the ecological environment pollution control in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(11), pages 16119-16144, November.
    19. Costantini, Valeria & Monni, Salvatore, 2008. "Environment, human development and economic growth," Ecological Economics, Elsevier, vol. 64(4), pages 867-880, February.
    20. Jesús Ramos-Martín, 2003. "Empirismo en economía ecológica: una visión desde la teoría de los sistemas complejos," Revista de Economía Crítica, Asociación de Economía Crítica, vol. 1, pages 75-93.

    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:64:y:2024:i:c:s1544612324004707. 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.