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Green bond financing and regional ecological resilience: The role of financial agglomeration mechanisms

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  • Xu, Xuchuan
  • Yang, Lilin

Abstract

Based on data from 31 provinces in China from 2010 to 2022, this study empirically investigates the impact of green bond financing on regional ecological resilience and analyzes the mediating role of financial agglomeration in the relationship between the two. Empirical results indicate that green bond financing can enhance regional ecological resilience; financial agglomeration plays a moderating role in the relationship between green bond financing and regional ecological resilience, with this moderating effect exhibiting heterogeneity across different regions; the impact of green bond financing on ecological resilience also shows heterogeneity across regions.

Suggested Citation

  • Xu, Xuchuan & Yang, Lilin, 2025. "Green bond financing and regional ecological resilience: The role of financial agglomeration mechanisms," Finance Research Letters, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006166
    DOI: 10.1016/j.frl.2025.107355
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    1. Xiandong Yang & Kemei Yu, 2025. "Does Policy Synergy Improve Ecological Resilience? Evidence from Smart City and Low-Carbon Pilots in China," Sustainability, MDPI, vol. 17(20), pages 1-13, October.

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