Jiang, Yong and Ding, Xiao and Ren, Yi-Shuai and Kong, Xiaolin and Baltas, Konstantinos (2024) Low-carbon city pilot policy and green investors entry. Finance Research Letters, 64. p. 105421. DOI https://doi.org/10.1016/j.frl.2024.105421
Jiang, Yong and Ding, Xiao and Ren, Yi-Shuai and Kong, Xiaolin and Baltas, Konstantinos (2024) Low-carbon city pilot policy and green investors entry. Finance Research Letters, 64. p. 105421. DOI https://doi.org/10.1016/j.frl.2024.105421
Jiang, Yong and Ding, Xiao and Ren, Yi-Shuai and Kong, Xiaolin and Baltas, Konstantinos (2024) Low-carbon city pilot policy and green investors entry. Finance Research Letters, 64. p. 105421. DOI https://doi.org/10.1016/j.frl.2024.105421
Abstract
Using low-carbon city pilot policy as a natural experiment, this study investigates whether low-carbon city pilot policy can help enterprises attract green investor entry in China. The results show that low-carbon city pilot policy significantly attracts green investor entry, which is more pronounced in non-state-owned enterprises and heavily polluting enterprises. Mechanism studies indicate that low-carbon city pilot policy facilitates green investor entry by alleviating financing constraints and strengthening enterprises' risk-taking.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Low-carbon city pilot policy; Green investor entry; Difference-in-differences model |
| Divisions: | Faculty of Social Sciences > Essex Business School |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 17 May 2024 15:39 |
| Last Modified: | 17 May 2024 15:39 |
| URI: | http://repository.essex.ac.uk/id/eprint/38408 |
Available files
Filename: Accepted Version.pdf
Licence: Creative Commons: Attribution-Noncommercial-No Derivative Works 4.0
Embargo Date: 15 April 2025