摘要
目的:绿色信贷政策是通过推动绿色技术创新,发展企业新质生产力,实现“双碳”目标的重要力量。方法:选取中国沪深A股2007—2022年上市企业的数据,采用双重差分法对《绿色信贷指引》的政策效果和作用机制进行实证检验。结论:信贷受限企业的绿色技术创新水平在绿色信贷政策的推动下效果提升显著;通过提高企业的风险承担能力,绿色信贷政策促进了企业的绿色创新,企业数字化能力的提升对这一过程起到了积极的调节作用;不同企业对绿色信贷政策的响应存在差异,其中ESG评级高、位于东部和中部地区以及国有企业的绿色技术创新受益更为显著。本文为推进绿色金融支持经济绿色转型提供了理论参考。
Purpose:Green credit policies are an important force to promote green technological innovation,develop new quality productivity for enterprises,and achieve the dual carbon goals.Methods:Data from A-share listed companies in Shanghai and Shenzhen of China from 2007-2022 were selected,and the difference-in-differences method was used to empirically test the policy effect and mechanism of the“Green Credit Guidelines”.Conclusions:Under the promotion of green credit policies,the effect of green technological innovation in credit-constrained enterprises has been significantly enhanced.By improving enterprises'risk-taking ability,green credit policies have promoted enterprises’green innovation,and the improvement of enterprises'digital capabilities has played a positive regulatory role in this process.There are differences in the responses of different enterprises to green credit policies.Among them,enterprises with high ESG ratings,located in eastern and central regions,and state-owned enterprises have benefited more significantly from green technological innovation.This paper provides a theoretical reference for advancing green finance to support the green transformation of the economy.
作者
薛雅伟
尹昱超
XUE Yawei;YIN Yuchao(School of Management Engineering,Qingdao University of Technology,Qingdao 266520,China)
出处
《荆楚理工学院学报》
2025年第4期43-54,共12页
Journal of Jingchu University of Technology
基金
国家自然科学基金面上项目(72074238)。
关键词
绿色信贷
双重差分法
风险承担
数字化水平
绿色技术创新
green credit
difference-in-differences method
risk-taking
digitalization level
green technological innovation
