Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise
This study pioneers the construction of a regional Green Finance Development Index, meticulously examining the significant influence of green financing on the financial performance of ecologically responsible enterprises within the intricate landscape of China. Demonstrating a profound correlation,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-04-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024051065 |
| _version_ | 1797215961686736896 |
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| author | Yanru Li Anqiang Lin |
| author_facet | Yanru Li Anqiang Lin |
| author_sort | Yanru Li |
| collection | DOAJ |
| description | This study pioneers the construction of a regional Green Finance Development Index, meticulously examining the significant influence of green financing on the financial performance of ecologically responsible enterprises within the intricate landscape of China. Demonstrating a profound correlation, green finance emerges as a pivotal incentive, increasing the economic expertise of environmentally conscientious firms through the strategic consolidation of capital and the consistent exchange of vital information. Leveraging empirical data from 2012 to 2022 and focusing on green-listed enterprises, the study analyzes the nexus between green financing and corporate financial competency by employing the GMM Model. Notably, the study highlights the pivotal role of Research and Development (R&D) innovation as a channel for the transformative impact exercised by green funding. Discerning insights surface in exploring heterogeneity, revealing a pronounced inclination of green financing towards strengthening clean energy firms and enterprises operating with diminished reliance on government subsidies. This empirical research enhances the scientific basis of the green finance approach and establishes a strong platform for making decisions, promoting the sustainable proliferation of green sectors and businesses. |
| first_indexed | 2024-04-24T11:38:23Z |
| format | Article |
| id | doaj.art-70d96a2ad9814a90a43ae8b763fbdc3b |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-04-24T11:38:23Z |
| publishDate | 2024-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-70d96a2ad9814a90a43ae8b763fbdc3b2024-04-10T04:29:13ZengElsevierHeliyon2405-84402024-04-01107e29075Assessing the impact of green finance on financial performance in Chinese eco-friendly enterpriseYanru Li0Anqiang Lin1Department of Management, Chengyi College, Jimei University, Xiamen, Fujian, 361021, ChinaInstitute of Agricultural Resources and Environment, Guangdong Academy of Agricultural Sciences, Guangzhou, Guangdong, 510640, China; Corresponding author.This study pioneers the construction of a regional Green Finance Development Index, meticulously examining the significant influence of green financing on the financial performance of ecologically responsible enterprises within the intricate landscape of China. Demonstrating a profound correlation, green finance emerges as a pivotal incentive, increasing the economic expertise of environmentally conscientious firms through the strategic consolidation of capital and the consistent exchange of vital information. Leveraging empirical data from 2012 to 2022 and focusing on green-listed enterprises, the study analyzes the nexus between green financing and corporate financial competency by employing the GMM Model. Notably, the study highlights the pivotal role of Research and Development (R&D) innovation as a channel for the transformative impact exercised by green funding. Discerning insights surface in exploring heterogeneity, revealing a pronounced inclination of green financing towards strengthening clean energy firms and enterprises operating with diminished reliance on government subsidies. This empirical research enhances the scientific basis of the green finance approach and establishes a strong platform for making decisions, promoting the sustainable proliferation of green sectors and businesses.http://www.sciencedirect.com/science/article/pii/S2405844024051065Green financeGreen enterprisesResearch and developmentFinancial performance |
| spellingShingle | Yanru Li Anqiang Lin Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise Heliyon Green finance Green enterprises Research and development Financial performance |
| title | Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise |
| title_full | Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise |
| title_fullStr | Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise |
| title_full_unstemmed | Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise |
| title_short | Assessing the impact of green finance on financial performance in Chinese eco-friendly enterprise |
| title_sort | assessing the impact of green finance on financial performance in chinese eco friendly enterprise |
| topic | Green finance Green enterprises Research and development Financial performance |
| url | http://www.sciencedirect.com/science/article/pii/S2405844024051065 |
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