The study of the Influence of China's Green Credit Policy on Enterprise Environmental Performance

DOI: https://doi.org/10.62517/jbm.202409414

Author(s)

Mengsen Dong1, Weilun Lin2,*

Affiliation(s)

1Department of Economics and Applied Statistics, University Malaya, Kuala Lumpur, Malaysia 2Department of Management of Technology, Tokyo University of Science, Tokyo, Japan *Corresponding Author.

Abstract

This paper discusses the evolution process of Chinas green credit policy and its influence mechanism on enterprise environmental performance. The research shows that the green credit policy directly affects the environmental performance of enterprises through the financing constraints and incentive mechanism, and has indirect effects through the reputation effect and market pressure. Enterprise scale, ownership nature and industry characteristics play a regulatory role in the effect of the policy. High-polluting industries need to make large-scale investments in environmental protection to improve environmental performance. In order to improve the efficiency of green credit policies, it suggests improving the policy and system, strengthening the management of environmental information of enterprises, enhancing the green credit ability of financial institutions, and optimizing the evaluation system of green projects. By improving laws and regulations, optimizing the incentive mechanism, cultivating professionals and innovating financial products, the green credit policies will more effectively promote the improvement of enterprise environmental performance, and promote the green transformation and sustainable development of the economy.

Keywords

Green Credit Policy; Environmental Performance; Financing Constraints; Market Pressure

References

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