An Empirical Study on the Impact of Green Credit onCorporate Carbon Performance
グリーンクレジットが企業の炭素パフォーマンスに与える影響に関する実証研究 (AI 翻訳)
Shuchang Zhou
🤖 gxceed AI 要約
日本語
グリーンクレジットが企業の炭素パフォーマンスに与える影響を、中国A株上場企業2012-2023年のデータで実証分析。融資制約の緩和とグリーン変革促進がメカニズム。国有・資産集約・労働集約企業で効果が顕著。非国有・技術集約企業では有意でない。政策提言を含む。
English
This paper empirically examines the impact of green credit on corporate carbon performance using Chinese A-share listed companies from 2012 to 2023. It finds that green credit significantly improves carbon performance by alleviating financing constraints and promoting green transformation. The effect is stronger for state-owned, asset-intensive, and labor-intensive firms. Provides policy implications for green credit systems.
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
本論文は中国のグリーンクレジット政策に焦点を当てているが、日本のグリーンファイナンスやトランジション・ファイナンスの議論にも示唆を与える。特に、融資制約の緩和が企業の脱炭素行動を促進するメカニズムは、日本企業の資金調達と炭素パフォーマンスの関連性を考える上で参考になる。ただし、中国の国有企業優位の結果は日本の企業構造とは異なる点に注意が必要。
In the global GX context
This study provides empirical evidence on how green credit influences corporate carbon performance, relevant to global green finance debates. The mechanism of easing financing constraints to drive decarbonization is applicable beyond China. However, the heterogeneity by ownership and industry factor intensity highlights context-specific factors. For global practitioners, it underscores the importance of tailored credit policies for different firm types.
👥 読者別の含意
🔬研究者:Provides a robust empirical framework for studying the link between green credit and carbon performance, with useful heterogeneity analysis.
🏢実務担当者:Offers insights into how green credit can be leveraged to improve carbon performance, particularly for state-owned and asset-intensive firms.
🏛政策担当者:Demonstrates the effectiveness of green credit policies and suggests targeting specific firm types for maximum impact.
📄 Abstract（原文）
Against the background of the "dual carbon" goals, green credit, as a core tool of green finance, is of great significance for guiding enterprises to practice green governance and promoting the green transformation of the real economy. This paper selects A-share listed companies from 2012 to 2023 as the research sample, empirically examines the impact effect and internal mechanism of green credit on corporate carbon performance, and further carries out heterogeneity analysis from the perspectives of property-right nature and industry factor intensity. The study finds that: First, green credit can significantly improve corporate carbon performance, and it has passed a series of robustness tests. Second, green credit can further improve corporate carbon performance by alleviating corporate financing constraints and promoting the green transformation of enterprises. Third, the positive promoting effect of green credit on corporate carbon performance is more prominent in state-owned enterprises, asset-intensive enterprises, and labor-intensive enterprises, while it is not significant in non-state-owned enterprises and technology-intensive enterprises. This study provides empirical evidence and policy reference for improving the green credit policy system and accurately promoting corporate green governance practices.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.54254/2754-1169/2026.lh34436first seen 2026-06-17 05:41:32 · last seen 2026-06-17 07:13:59
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