Can green finance supports improve environmental firm performance? Evidence from listed environmental firms in China

被引：1
|
作者：
Huang, Siyu [1 ]
Luan, Zhongwei [2 ]
机构：
[1] Shenzhen Univ, Coll Econ, Shenzhen 518060, Peoples R China
[2] Shenzhen Polytech Univ, Management Sch, Shenzhen 518055, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 70卷
关键词：
Green finance; Economic performance; Social performance; RENEWABLE ENERGY; SUSTAINABILITY;
D O I：
10.1016/j.frl.2024.106321
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study analyzes how green finance supports affect environmental protection firms' economic and social performance. Furthermore, we explore how financing constraints and technological advancements mediate such relationship among the Chinese A-share market from 2014 to 2021. Findings reveal that supports in sustainable financial practices positively affect the social performance of firms, whereas an inverse U-shaped relationship exists between green finance supports and economic performance. Moreover, green finance support initiatives improve firms' social and economic performance by lowering financing barriers and fostering innovation.
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页数：8
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