{"title":"Impact of green credit on financing constraints of energy-consuming firms","authors":"Shanshan Zhao, Qiong Wu, Xiaodong Zhou","doi":"10.1016/j.frl.2025.106801","DOIUrl":null,"url":null,"abstract":"This study empirically investigates the influence of green credit on financing constraints faced by A-share-listed energy-consuming enterprises between 2012 and 2022. Findings reveal that green credit intensifies financing constraints for energy-consuming enterprises. Specifically, when considering enterprises with varying ownership structures, green credit exacerbates financing constraints for private energy-consuming enterprises but has minimal impact on state-owned ones. In diverse regions, green credit significantly aggravates financing constraints for energy-consuming enterprises in areas with lower economic development pressure.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"57 1","pages":""},"PeriodicalIF":7.4000,"publicationDate":"2025-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1016/j.frl.2025.106801","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study empirically investigates the influence of green credit on financing constraints faced by A-share-listed energy-consuming enterprises between 2012 and 2022. Findings reveal that green credit intensifies financing constraints for energy-consuming enterprises. Specifically, when considering enterprises with varying ownership structures, green credit exacerbates financing constraints for private energy-consuming enterprises but has minimal impact on state-owned ones. In diverse regions, green credit significantly aggravates financing constraints for energy-consuming enterprises in areas with lower economic development pressure.
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