GX & Decarbonization Research

Olurotimi David Aduloju, Lydia Olufunmilayo Adedotun, Adewale Kayode Adedotun +1

This study examines the catalytic role of Development Finance Institutions (DFIs) in financing renewable energy projects in Nigeria. Using a mixed-method approach, it finds that DFIs employ innovative instruments like blended finance and co…

Xingguang Li

This study shows that digital finance development increases household spending on energy products in rural China, suggesting that financial inclusion can promote clean energy adoption and contribute to energy transition.

Neema Werema Mwita, Hongli Jiang

This study examines the impact of financial inclusion on carbon intensity in 35 Sub-Saharan African countries from 2000 to 2022. Using a composite index via PCA and robust estimators, it finds that financial inclusion reduces carbon intensi…

Manlu Yang, Qing G. Wang

This study examines how China's national ETS expansion to steel, cement, and aluminum affects corporate downside risk. Using a quasi-natural experiment separating MRV onset and public information shock, it finds that early control-year onse…

Songyan Jiang, Xiuxiu Liu, Hui Hua +1

Using panel data from 30 Chinese provinces (2010-2022), this study examines how green finance influences environmental performance, revealing regional heterogeneity. Green finance boosts environmental performance through technological innov…

Yujiao Shang, Yuhai Wu, Tuan Pan +1

This study uses large-scale anonymous employee review data from Chinese listed firms to examine how employee satisfaction influences corporate innovation during crises, with a particular focus on green innovation. It identifies two mechanis…

Tengfei Ge, Jing Yang, Yue-Can Hu +3

This study empirically examines the impact of China's green finance pilot policy on firms' total factor productivity (TFP) using a DID approach on A-share listed companies from 2013-2024. It finds that the policy significantly increases TFP…

Yuhao Zhang, Shiyu Liu, Muhammad Zubair Tauni

This study uses panel data from Chinese A-share listed firms (2010-2023) to show that strong ESG performance significantly boosts green innovation. The effect is mediated by reduced financing constraints and lower information asymmetry, and…

Xiaoling Yang, Mohd Rahimie Abd Karim, B. Abdullah

Using panel data from China's A-share listed companies from 2014 to 2023, this study empirically shows that AI significantly enhances corporate green competitiveness across strategy, innovation, and practices. The mechanisms include improve…

Ruochen Wu

Using data from Chinese A-share listed companies from 2010 to 2024, this study employs a fixed-effects model to examine the impact of ESG performance on corporate debt financing costs. Findings show that strong ESG performance significantly…

Wang Yujue, Nur Syazwani Mazlan

Using Chinese listed firm data from 2009-2022, this study employs a generalized DID approach to show that green credit interest subsidies significantly improve corporate environmental governance performance (GGP). The mechanism operates thr…

Xin-ying Cao, Ha Youngho

Using Chinese firm-level panel data from 2011-2024, this paper finds that green finance significantly promotes high-quality manufacturing development by easing corporate financing constraints. Environmental regulation positively moderates t…

Yanling Wang, Dongmin Kong, Mingli Xu

This paper uses the Paris Agreement as an exogenous shock to causally identify the impact of climate risk perception on cash holdings of Chinese firms. It finds that climate risk perception significantly increased cash reserves post-Paris. …

Eunice Taveng, A. Idun, K. D. Moro +1

This paper examines the relationship between green finance and environmental debt in OECD countries, focusing on how infrastructure investment influences sustainability outcomes. Empirical analysis suggests that green finance reduces enviro…

Sukma Febrianti, Mustaruddin Mustaruddin, Wendy Wendy

This study examines the effect of green finance and capital structure on firm value, with sustainability disclosure as a mediator, using Indonesian data. Findings show green finance positively affects firm value both directly and indirectly…

Qidong Zhang

This paper empirically analyzes how ESG rating disagreements affect corporate green loans. It finds that greater rating divergence leads to higher verification costs and reduced credibility, resulting in smaller loan amounts and lower inter…

Sejal Jaiswal, Sheetal Singh Kharwar

This conceptual paper argues that environmental responsibility is a core dimension of corporate social responsibility, using stakeholder, legitimacy, institutional, and sustainable finance theories. It proposes a framework linking environme…

A. Masum, Md. Abul Kalam Azad, Md. Tofael Ahmed Bhuiyan +1

This study proposes a framework combining a stacking ensemble of LightGBM, XGBoost, and MLPs with a novel Federated Dynamic Weighted Averaging (FedDWA) algorithm to address data heterogeneity, outliers, and privacy in ESG forecasting. Empir…

Minh Vinh Vo, Thuy Vi Le, Cao Ky Anh Dang +1

This paper investigates the impact of ESG-linked investment instruments (green financing and SRI) on profitability of publicly-owned enterprises in emerging markets. Using survey data from 385 respondents, regression analysis shows green fi…

Changchun Tan, Lingyu Mo, Jun Li +1

Using textual analysis of Chinese listed firms' annual reports, this study finds that higher-quality climate risk disclosure significantly lowers corporate debt financing costs. The effect operates through reduced information asymmetry, wit…