Can green credit improve the environmental information disclosure level of industrial enterprises under the background of low-carbon economy —— Empirical analysis based on DID model
低炭素経済の背景において、グリーンクレジットは産業企業の環境情報開示レベルを向上させることができるか —— DIDモデルに基づく実証分析 (AI 翻訳)
Zini Xu, Xiang Xie
🤖 gxceed AI 要約
日本語
本研究は、2018年の中国人民銀行のグリーンクレジット評価通知を自然実験として、2010〜2022年の産業企業データを用いてDID分析を行った。グリーンクレジット政策が産業企業の環境情報開示を向上させることを発見し、そのメカニズムは資金調達制約の緩和であることを示した。効果は非国有企業や市場化度の高い地域でより顕著であった。
English
This study uses China's 2018 green credit evaluation notice as a quasi-natural experiment and applies a DID model to industrial enterprises from 2010-2022. It finds that green credit policies improve environmental information disclosure levels by easing financing constraints, with stronger effects in non-state-owned enterprises and regions with higher marketization.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の文脈では、グリーンファイナンス政策（グリーンローンガイドラインやTCFD開示）と企業の環境情報開示の関係を評価する研究として参考になる。日本でもSSBJや有報での開示義務化が進む中、政策の効果を実証的に検証する手法として示唆に富む。
In the global GX context
In the global context, this paper contributes to the literature on green finance and environmental disclosure by providing causal evidence from China's green credit policy. It aligns with global trends in transition finance and disclosure regulation (e.g., ISSB, CSRD), offering insights into how credit policies can incentivize corporate transparency.
👥 読者別の含意
🔬研究者:Provides causal evidence on green credit effectiveness using DID, useful for scholars studying policy impacts on disclosure.
🏢実務担当者:Corporate sustainability teams can understand how green credit policies affect financing conditions and disclosure incentives.
🏛政策担当者:Regulators can learn how targeted credit policies can enhance environmental disclosure, especially in emerging economies.
📄 Abstract（原文）
Promoting the green and low-carbon development of the economy and society is a key link in achieving high-quality development. Industrial enterprises are the main sources of carbon emissions. As environmental information disclosure is an important influencing factor for enterprise financing, can green credit improve the environmental information disclosure level of industrial enterprises? This article takes the Notice on Conducting the Evaluation of Green Credit Performance of Deposit-Taking Financial Institutions in the Banking Industry issued by the People's Bank of China in 2018 as a quasi-natural experiment. It selects industrial enterprises from 2010 to 2022 as the research objects. By constructing the DID model, this paper investigates the impact and mechanism of green credit policies on the environmental information disclosure level of industrial enterprises. The research finds that: First, the implementation of the green credit policy has enhanced the environmental information disclosure level of industrial enterprises. Secondly, the green credit policy promotes industrial enterprises' environmental information disclosure by easing their financing constraints. The results of heterogeneity analysis show that the improvement of environmental information disclosure level of industrial enterprises by green credit policies is more obvious in non-state-owned enterprises and those with a higher degree of regional marketization.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.63313/ebm.2034first seen 2026-06-08 04:56:08
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。