IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0285862.html
   My bibliography  Save this article

Influence analysis and promotion countermeasures of green finance policy in China—Traceability based on grounded theory and validation using the csQCA method

Author

Listed:
  • Li Junjie
  • Wen Ke
  • Zhang Bei
  • Dai Xin
  • Qi Meng
  • Liu Bangfan

Abstract

Green finance is closely related to sustainable energy development. Using the NVivo12plus software, a governance model of China’s green finance policy was constructed using 22 green finance policy texts at the central level as research objects. Furthermore, based on the csQCA method, Tosmana software was used to develop and verify a theoretical model of 19 policy text cases. The research results demonstrate that policy belief, policy objectives, policy tools, policy feedback, and policy cycle are the main components of China’s green finance policy governance. Furthermore, policy instruments are the fundamental factors affecting the governance effectiveness of China’s green finance policy. Policy goals and policy feedback dominate the influence pattern of green finance policy in China. There are three modes driving the influence of green finance policies: regulation-oriented, collaborative-driven, and tool-guided. Finally, for the optimization and improvement of green finance policies, three forces must be improved: stimulus force, driving force, and promotion force.

Suggested Citation

  • Li Junjie & Wen Ke & Zhang Bei & Dai Xin & Qi Meng & Liu Bangfan, 2023. "Influence analysis and promotion countermeasures of green finance policy in China—Traceability based on grounded theory and validation using the csQCA method," PLOS ONE, Public Library of Science, vol. 18(5), pages 1-26, May.
    • Handle: RePEc:plo:pone00:0285862
    DOI: 10.1371/journal.pone.0285862
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0285862
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0285862&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0285862?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Madaleno, Mara & Dogan, Eyup & Taskin, Dilvin, 2022. "A step forward on sustainability: The nexus of environmental responsibility, green technology, clean energy and green finance," Energy Economics, Elsevier, vol. 109(C).
    2. Junjie Li & Xuehang Sun & Xin Dai & Junying Zhang & Bangfan Liu, 2022. "Policy Analysis on Recycling of Solid Waste Resources in China—Content Analysis Method of CNKI Literature Based on NVivo," IJERPH, MDPI, vol. 19(13), pages 1-12, June.
    3. Junjie Li & Guohui Zhan & Xin Dai & Meng Qi & Bangfan Liu, 2022. "Innovation and Optimization Logic of Grassroots Digital Governance in China under Digital Empowerment and Digital Sustainability," Sustainability, MDPI, vol. 14(24), pages 1-28, December.
    4. Farhad Taghizadeh-Hesary & Naoyuki Yoshino, 2020. "Sustainable Solutions for Green Financing and Investment in Renewable Energy Projects," Energies, MDPI, vol. 13(4), pages 1-18, February.
    5. Bashir, Muhammad Farhan & Pan, Yanchun & Shahbaz, Muhammad & Ghosh, Sudeshna, 2023. "How energy transition and environmental innovation ensure environmental sustainability? Contextual evidence from Top-10 manufacturing countries," Renewable Energy, Elsevier, vol. 204(C), pages 697-709.
    6. Junjie Li & Xin Dai & Bei Zhang & Xuehang Sun & Bangfan Liu, 2022. "Development and Path of Reclaimed Water Utilization Policy in China: Visual Analysis Based on CNKI and WOS," IJERPH, MDPI, vol. 19(19), pages 1-28, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Kai-Hua & Zhao, Yan-Xin & Jiang, Cui-Feng & Li, Zheng-Zheng, 2022. "Does green finance inspire sustainable development? Evidence from a global perspective," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 412-426.
    2. Sheraz, Muhammad & Sinha, Avik & Qin, Quande & Mumtaz, Muhammad Zubair, 2024. "The asymmetric nexus between energy transition and its drivers: New evidence from China," Energy, Elsevier, vol. 310(C).
    3. Liu, Yang & Zhao, Xiaomeng & Dong, Kangyin & Jiang, Qingzhe, 2023. "Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China," Utilities Policy, Elsevier, vol. 84(C).
    4. Litu Sethi & Biswanath Behera & Narayan Sethi, 2024. "Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 2709-2723, June.
    5. Xue, Yan & Hu, Dongmei & Irfan, Muhammad & Wu, Haitao & Hao, Yu, 2023. "Natural resources policy making through finance? The role of green finance on energy resources poverty," Resources Policy, Elsevier, vol. 85(PA).
    6. Junjie Li & Guohui Zhan & Xin Dai & Meng Qi & Bangfan Liu, 2022. "Innovation and Optimization Logic of Grassroots Digital Governance in China under Digital Empowerment and Digital Sustainability," Sustainability, MDPI, vol. 14(24), pages 1-28, December.
    7. Xin Yun & Yang Hu, 2024. "An Overview of the Evolution in the Research Landscape of Green Finance," World, MDPI, vol. 5(4), pages 1-32, December.
    8. Miklesh Yadav & Nandita Mishra & Shruti Ashok, 2023. "Dynamic connectedness of green bond with financial markets of European countries under OECD economies," Economic Change and Restructuring, Springer, vol. 56(1), pages 609-631, February.
    9. Xiaodan Zhang, 2024. "RETRACTED ARTICLE: Long-term goal: the role of economic transformation and reorganization in the energy transition," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-19, April.
    10. Sun, Yunpeng & Tian, Wenjuan & Mehmood, Usman & Zhang, Xiaoyu & Tariq, Salman, 2023. "How do natural resources, urbanization, and institutional quality meet with ecological footprints in the presence of income inequality and human capital in the next eleven countries?," Resources Policy, Elsevier, vol. 85(PA).
    11. Shahriyar Mukhtarov & Hasan Dinçer & Halim Baş & Serhat Yüksel, 2022. "Policy Recommendations for Handling Brain Drains to Provide Sustainability in Emerging Economies," Sustainability, MDPI, vol. 14(23), pages 1-24, December.
    12. Satar Bakhsh & Md Shabbir Alam & Wei Zhang, 2024. "Green finance and Sustainable Development Goals: is there a role for geopolitical uncertainty?," Economic Change and Restructuring, Springer, vol. 57(4), pages 1-30, August.
    13. Yi Lian & Yunfeng Shang & Fangbin Qian, 2024. "RETRACTED ARTICLE: Spatial effects of green finance development in Chinese provinces under the context of high-quality energy development," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-32, April.
    14. Taghizadeh-Hesary, Farhad & Rasoulinezhad, Ehsan & Shahbaz, Muhammad & Vinh Vo, Xuan, 2021. "How energy transition and power consumption are related in Asian economies with different income levels?," Energy, Elsevier, vol. 237(C).
    15. Li, Wenxue & Liu, Fei, 2023. "Financing green resource generation in sub-saharan Africa: Does financial integration matter?," Resources Policy, Elsevier, vol. 85(PB).
    16. Wang, Xiuli, 2023. "Exploring the role of resource industry dependence and green finance in green development efficiency in the context of post-Covid-19 period," Resources Policy, Elsevier, vol. 85(PB).
    17. Hugo Gaspar Hernandez-Palma & Dairo J. Novoa & Jorge Enrique Taboada à lvarez, 2024. "New Trends in Green Projects Aimed at Clean Energy: An Analysis of the Scientific Literature," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 278-286, November.
    18. Zhou, Angela & Thomaschke, Roland & Wessels, Andreas & Glunz, Stefan & Speck, Thomas & Kiesel, Andrea, 2024. "(Not) in my city: An explorative study on social acceptance of photovoltaic installations on buildings," Technology in Society, Elsevier, vol. 79(C).
    19. Ma, Cong & Cheok, Mui Yee, 2022. "The impact of financing role and organizational culture in small and medium enterprises: Developing business strategies for economic recovery," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 26-38.
    20. Buchetti, Bruno & Miquel-Flores, Ixart & Perdichizzi, Salvatore & Reghezza, Alessio & Lin, Luca X., 2024. "Loan guarantee and portfolio greening: evidence from European credit registers," Working Paper Series 2916, European Central Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0285862. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.