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Green credit, financial regulation and corporate green innovation: Evidence from China

Author

Listed:
  • Chen, Yu
  • Zhang, Yujiao
  • Wang, Mingshan

Abstract

The relationship between green credits, financial regulation, and corporate green innovation is gaining attention in academia and industry. While literature acknowledges green credits' role in promoting green innovation, few studies explore their interplay within firms. This study uses annual data from A-share listed companies from 2011 to 2020, showing that green credits catalyze firm-level green innovation. Financial regulation also enhances green credits' positive effects on innovation. Notably, green credits' influence is more pronounced in large-scale enterprises.

Suggested Citation

  • Chen, Yu & Zhang, Yujiao & Wang, Mingshan, 2024. "Green credit, financial regulation and corporate green innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011406
    DOI: 10.1016/j.frl.2023.104768
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    References listed on IDEAS

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    Citations

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    Cited by:

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    3. Rongjuan Tan & Ziyi Zhou, 2025. "Research on the Impact of Green Investment on Low-Carbon Economic Development: Based on the Test of Spatial Spillover Effect," Sustainability, MDPI, vol. 17(5), pages 1-25, March.
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    11. Ting Pan & Boqiang Lin, 2025. "Is the green credit policy useful for improving energy intensity? Evidence from cities in China," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-29, December.
    12. Xie, Qichang & Gong, Ruize & Yin, Lei & Xu, Xin, 2025. "Does extreme climate exacerbate the risk spillover in green finance markets? evidence from a multi-horizon investment perspective," Journal of International Money and Finance, Elsevier, vol. 151(C).
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    14. Weidong Huo & Bingwen Wang, 2025. "Green Credit Policies and the Devaluation of Pollution-Intensive Enterprises: A Quasi-Natural Experiment," Sustainability, MDPI, vol. 17(5), pages 1-21, March.
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    17. Peng, Changhong & Chen, Dongjing & Jia, Daizheng & Liu, Qiao & Xu, Xin, 2025. "Can green credit policies reduce enterprise risk? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 97(C).

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