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Impact of green credit on financing constraints of energy-consuming firms

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Listed:
  • Zhao, Shanshan
  • Wu, Qiong
  • Zhou, Xiaodong

Abstract

This study empirically investigates the influence of green credit on financing constraints faced by A-share-listed energy-consuming enterprises between 2012 and 2022. Findings reveal that green credit intensifies financing constraints for energy-consuming enterprises. Specifically, when considering enterprises with varying ownership structures, green credit exacerbates financing constraints for private energy-consuming enterprises but has minimal impact on state-owned ones. In diverse regions, green credit significantly aggravates financing constraints for energy-consuming enterprises in areas with lower economic development pressure.

Suggested Citation

  • Zhao, Shanshan & Wu, Qiong & Zhou, Xiaodong, 2025. "Impact of green credit on financing constraints of energy-consuming firms," Finance Research Letters, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000662
    DOI: 10.1016/j.frl.2025.106801
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    References listed on IDEAS

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