Research on the Impact of Anhui Province's Green Credit Policy on Green Innovation of Heavy Polluting Enterprises
DOI:
https://doi.org/10.54097/06zg6e06Keywords:
Green credit; Enterprise innovation; Rent seeking behavior; Anhui SIERTE Fertilizer Industry Co., Ltd.Abstract
In 2012, the country issued the "Green Credit Guidelines" in order to restrict the loan scale of high polluting and high emission enterprises through financial means, and force enterprises to carry out environmental governance and achieve environmental protection. On the basis of theoretical analysis of the impact mechanism of green credit policies on corporate innovation, this article constructs a double difference model using data from manufacturing listed companies in the Shanghai and Shenzhen A-shares from 2007 to 2018, and conducts a series of robustness tests and heterogeneity analysis to examine the causal relationship between the two. On this basis, taking Anhui SIERTE Fertilizer Industry Co., Ltd. as a case study, further reveals the internal mechanism between the two.
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