Analyzing the influence of environmental protection law amendments on financing efficiency in Chinese industrial enterprises: A retrospective examination

被引：0

作者：

Liu, Yue ^{[1
]}

Li, Zhi ^{[2
]}

Huang, Wenxuan ^{[3
,4
]}

机构：

[1] East China Univ Polit Sci & Law, Acad Chinas Rule of Law, Shanghai 201620, Peoples R China

[2] Nanjing Univ Aeronaut & Astronaut, Sch Humanities & Social Sci, Nanjing 211106, Peoples R China

[3] Chongqing Univ, Sch Law, Chongqing 400044, Peoples R China

[4] Chongqing Univ, Res Ctr West China Environm & Resources Law, Chongqing 400044, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 64卷

关键词：

Environmental protection law; Industrial enterprises; Financing efficiency; DID; Bidirectional fixed effect;

D O I：

10.1016/j.frl.2024.105355

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study investigates the impact of the implementation of the Environmental Protection Law on financing efficiency in industrial enterprises. The PSM-DID analysis reveals statistically significant differences in financing efficiency between the treated and control groups, indicating a substantial impact of environmental protection policies on firms' environmental practices. The analysis of fixed effects indicates a complex relationship between environmental protection law changes and financing efficiency. By combining theoretical foundations with rigorous empirical analyses, the research sheds light on the intricate interplay between environmental protection laws, financing constraints, and the optimal utilization of financial resources.

引用

页数：9

共 10 条

[1] Environmental Performance and Financing Decisions Impact on Sustainable Financial Development of Chinese Environmental Protection Enterprises
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Chen, Hsing Hung
SUSTAINABILITY, 2017, 9 (12)
[2] Research on the Impact of Environmental Regulations on the Green Innovation Efficiency of Chinese Industrial Enterprises
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POLISH JOURNAL OF ENVIRONMENTAL STUDIES, 2021, 30 (02): : 1433 - 1445
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[5] How does the new environmental protection law affect the environmental social responsibility of enterprises in Chinese heavily polluting industries?
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[6] How does the new environmental protection law affect the environmental social responsibility of enterprises in Chinese heavily polluting industries?
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[7] Research on Influence Factors of Building Energy Efficiency and Environmental Protection in Industrial Park in Shenyang
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10TH INTERNATIONAL SYMPOSIUM ON HEATING, VENTILATION AND AIR CONDITIONING, ISHVAC2017, 2017, 205 : 702 - 708
[8] How does environmental regulation influence enterprises' total factor productivity? A quasi-natural experiment based on China's new environmental protection law
Cai, Wugan
Ye, Peiyun
JOURNAL OF CLEANER PRODUCTION, 2020, 276
[9] Different types of environmental regulations and heterogeneous influence on energy efficiency in the industrial sector: Evidence from Chinese provincial data
Guo, Ran
Yuan, Yijun
ENERGY POLICY, 2020, 145
[10] The Influence of Environmental Protection Tax Law on Urban Land Green Use Efficiency in China: The Nonlinear Moderating Effect of Tax Rate Increase
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SUSTAINABILITY, 2023, 15 (16)

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