Low-carbon city pilot policy and green investors entry

被引：5
|
作者：
Jiang, Yong [1 ]
Ding, Xiao [1 ]
Ren, Yi-Shuai [2 ,3 ,4 ,5 ]
Kong, Xiaolin [3 ,6 ]
Baltas, Konstantinos [7 ]
机构：
[1] Nanjing Audit Univ, Sch Finance, Nanjing, Peoples R China
[2] Hunan Univ, Sch Publ Adm, Changsha, Peoples R China
[3] Hunan Univ, Res Inst Digital Soc & Blockchain, Changsha, Peoples R China
[4] Hunan Univ, Ctr Resource & Environm Management, Changsha, Peoples R China
[5] Univ Auckland, Energy Ctr, 12 Grafton Rd, Auckland 1010, New Zealand
[6] Hunan Univ, Business Sch, Changsha, Peoples R China
[7] Univ Essex, Essex Business Sch, Colchester, England
来源：
FINANCE RESEARCH LETTERS | 2024年 / 64卷
基金：
中国国家自然科学基金;
关键词：
Low-carbon city pilot policy; Green investor entry; Difference -in -differences model;
D O I：
10.1016/j.frl.2024.105421
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using low-carbon city pilot policy as a natural experiment, this study investigates whether lowcarbon 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.
引用
收藏
页数：9
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