The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Green credit policy, property rights and debt financing: Quasi-natural experimental evidence from China
Abstract
Abstract Our paper uses the promulgation of the "Green Credit Guidelines" policy in China as a quasi-natural experiment. Based on a difference-in-differences (DID) model, the results show that the debt financing capacity of heavily polluting enterprises has dropped significantly, and the negative net effect of debt financing is more pronounced in state-owned enterprises and enterprises in regions with weak financial ecosystems. The research results show that the green credit policy system plays a guiding role in the allocation of credit resources.
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Citations
Cites
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Bertrand, M., & Mullainathan, S. (2003) · Journal of Political Economy · doi:10.1086/376950 · Cited by 3,777
Cited by
Zhou, X., Tang, X., & Zhang, R. (2020) · Environmental Science and Pollution Research · doi:10.1007/s11356-020-08383-2 · Cited by 694
Zhang, S., Wu, Z., Wang, Y., & Hao, Y. (2021) · Journal of Environmental Management · doi:10.1016/j.jenvman.2021.113159 · Cited by 659
Green finance, fintech and environmental protection: evidence from China
Muganyi, T., Yan, L., & Sun, H.-P. (2021) · Environmental Science and Ecotechnology · doi:10.1016/j.ese.2021.100107 · Cited by 626
Luo, S., Yu, S., & Zhou, G. (2021) · Energy Economics · doi:10.1016/j.eneco.2021.105335 · Cited by 194
Metadata
- Authors
- Liu, X., Wang, E., & Cai, D.
- Venue
- Finance Research Letters
- Publisher
- Elsevier BV
- Published
- 2019-06
- Volume
- 29
- Pages
- 129-135
- ISSN
- 1544-6123 (ISSN-L)
- OpenAlex
- W2921861770
- Cited by
- 434
- References
- 2
- FWCI
- 44.67
- Type
- journal article
- Language
- en
- Open access
- closed
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- Liu, X., Wang, E., & Cai, D. (2019). Green credit policy, property rights and debt financing: Quasi-natural experimental evidence from China. Finance Research Letters. https://doi.org/10.1016/j.frl.2019.03.014
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