Matches in SemOpenAlex for { <https://semopenalex.org/work/W4225552912> ?p ?o ?g. }
- W4225552912 endingPage "121678" @default.
- W4225552912 startingPage "121678" @default.
- W4225552912 abstract "In order to accelerate the green economic transformation, promote the development of green finance and explore reproducible and propagable experiences in terms of institutions and mechanisms, the Chinese government has set up eight pilot zones in five provinces for green finance reform and innovations (GFRIs) in 2017. In this paper, we construct a quasi-natural experiment and explore the impact of this pilot policy on the debt-financing cost of heavy-polluting enterprises with DID method to evaluate the implementation effect of this policy. Furthermore, mechanism analyses are conducted to identify the guidance effect and deep mechanism of the policy. The results demonstrate that the debt-financing cost of heavy-polluting enterprises in the pilot zones decreases substantially after implementing the pilot policy for GFRIs, indicating that the policy has a significant incentive effect. Further mechanism analyses show that the GFRIs pilot policy is conducive to stimulating reputation insurance effect through signal transmission, rather than innovation compensation effect proposed by Porter Hypothesis. The conclusions of this paper play an essential guiding role in the improvement of relevant policies and the expansion and promotion of the pilot zones. Moreover, this paper also provides new ideas for heavy-polluting enterprises to respond to the policy shock and formulate future development strategies." @default.
- W4225552912 created "2022-05-05" @default.
- W4225552912 creator A5013933286 @default.
- W4225552912 creator A5020444615 @default.
- W4225552912 creator A5031320952 @default.
- W4225552912 creator A5087803981 @default.
- W4225552912 date "2022-06-01" @default.
- W4225552912 modified "2023-10-16" @default.
- W4225552912 title "Does green financial policy affect debt-financing cost of heavy-polluting enterprises? An empirical evidence based on Chinese pilot zones for green finance reform and innovations" @default.
- W4225552912 cites W1738524706 @default.
- W4225552912 cites W1996320671 @default.
- W4225552912 cites W1996666670 @default.
- W4225552912 cites W2017405191 @default.
- W4225552912 cites W2026654234 @default.
- W4225552912 cites W2044271105 @default.
- W4225552912 cites W2045100864 @default.
- W4225552912 cites W2090841340 @default.
- W4225552912 cites W2094708132 @default.
- W4225552912 cites W2129541078 @default.
- W4225552912 cites W2140018188 @default.
- W4225552912 cites W2164440169 @default.
- W4225552912 cites W2211757397 @default.
- W4225552912 cites W2331253396 @default.
- W4225552912 cites W2331500008 @default.
- W4225552912 cites W2497687133 @default.
- W4225552912 cites W2520814338 @default.
- W4225552912 cites W2561536782 @default.
- W4225552912 cites W2589572768 @default.
- W4225552912 cites W2789511191 @default.
- W4225552912 cites W2802347064 @default.
- W4225552912 cites W2890785716 @default.
- W4225552912 cites W2898118685 @default.
- W4225552912 cites W2899612015 @default.
- W4225552912 cites W2911787372 @default.
- W4225552912 cites W2912832984 @default.
- W4225552912 cites W2914684257 @default.
- W4225552912 cites W2915161772 @default.
- W4225552912 cites W2921861770 @default.
- W4225552912 cites W2924583968 @default.
- W4225552912 cites W2934010172 @default.
- W4225552912 cites W2964751863 @default.
- W4225552912 cites W2990770331 @default.
- W4225552912 cites W2998800976 @default.
- W4225552912 cites W3008229374 @default.
- W4225552912 cites W3011119292 @default.
- W4225552912 cites W3014060689 @default.
- W4225552912 cites W3016286454 @default.
- W4225552912 cites W3016723146 @default.
- W4225552912 cites W3021009527 @default.
- W4225552912 cites W3036654252 @default.
- W4225552912 cites W3042149494 @default.
- W4225552912 cites W3043331533 @default.
- W4225552912 cites W3045685512 @default.
- W4225552912 cites W3092489659 @default.
- W4225552912 cites W3121777248 @default.
- W4225552912 cites W3123166372 @default.
- W4225552912 cites W3123643827 @default.
- W4225552912 cites W3124797252 @default.
- W4225552912 cites W3125250305 @default.
- W4225552912 cites W3130371176 @default.
- W4225552912 cites W3136982542 @default.
- W4225552912 cites W3142290899 @default.
- W4225552912 cites W3154229503 @default.
- W4225552912 cites W3159541000 @default.
- W4225552912 cites W3175613855 @default.
- W4225552912 cites W3180575985 @default.
- W4225552912 cites W3184704241 @default.
- W4225552912 cites W3190726203 @default.
- W4225552912 cites W3206437290 @default.
- W4225552912 cites W4200467811 @default.
- W4225552912 doi "https://doi.org/10.1016/j.techfore.2022.121678" @default.
- W4225552912 hasPublicationYear "2022" @default.
- W4225552912 type Work @default.
- W4225552912 citedByCount "71" @default.
- W4225552912 countsByYear W42255529122022 @default.
- W4225552912 countsByYear W42255529122023 @default.
- W4225552912 crossrefType "journal-article" @default.
- W4225552912 hasAuthorship W4225552912A5013933286 @default.
- W4225552912 hasAuthorship W4225552912A5020444615 @default.
- W4225552912 hasAuthorship W4225552912A5031320952 @default.
- W4225552912 hasAuthorship W4225552912A5087803981 @default.
- W4225552912 hasConcept C10138342 @default.
- W4225552912 hasConcept C120527767 @default.
- W4225552912 hasConcept C138885662 @default.
- W4225552912 hasConcept C144024400 @default.
- W4225552912 hasConcept C144133560 @default.
- W4225552912 hasConcept C162324750 @default.
- W4225552912 hasConcept C175444787 @default.
- W4225552912 hasConcept C17744445 @default.
- W4225552912 hasConcept C182306322 @default.
- W4225552912 hasConcept C199539241 @default.
- W4225552912 hasConcept C2778137410 @default.
- W4225552912 hasConcept C29122968 @default.
- W4225552912 hasConcept C36289849 @default.
- W4225552912 hasConcept C41895202 @default.
- W4225552912 hasConcept C48798503 @default.
- W4225552912 hasConcept C94625758 @default.
- W4225552912 hasConcept C98147612 @default.