Green credit policy and firm performance: What we learn from China

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buir.contributor.authorŞensoy, Ahmet
buir.contributor.orcidŞensoy, Ahmet|0000-0001-7967-5171
dc.citation.epage105415-16en_US
dc.citation.spage105415-1en_US
dc.citation.volumeNumber101en_US
dc.contributor.authorYao, S.
dc.contributor.authorPan, Y.
dc.contributor.authorŞensoy, Ahmet
dc.contributor.authorUddin, G. S.
dc.contributor.authorCheng, F.
dc.date.accessioned2022-02-09T19:55:19Z
dc.date.available2022-02-09T19:55:19Z
dc.date.issued2021-09
dc.departmentDepartment of Economicsen_US
dc.description.abstractWe explore the effect of green credit policy on firm performance of listed firms in China. We find that green credit policy reduces firm performance in heavily polluting industries. This effect is more prominent in state-owned enterprises, firms with large size, high institutional ownership, high analyst coverage and during high economic policy uncertainty period. Moreover, we observe that green credit policy decreases heavily polluting firms' performance by increasing firm financing constraints and decreasing investment level. Our results help to restrain heavily polluting enterprises and promote industrial transformation in developing markets.en_US
dc.embargo.release2023-09-30
dc.identifier.doi10.1016/j.eneco.2021.105415en_US
dc.identifier.issn0140-9883
dc.identifier.urihttp://hdl.handle.net/11693/77196
dc.language.isoEnglishen_US
dc.publisherElsevier BVen_US
dc.relation.isversionofhttps://doi.org/10.1016/j.eneco.2021.105415en_US
dc.source.titleEnergy Economicsen_US
dc.subjectGreen credit policyen_US
dc.subjectFirm performanceen_US
dc.subjectFinancial constraintsen_US
dc.subjectInvestmenten_US
dc.subjectChinaen_US
dc.titleGreen credit policy and firm performance: What we learn from Chinaen_US
dc.title.alternativeWhat we learn from Chinaen_US
dc.typeArticleen_US

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