{"title":"环境政策收紧与跨境银行：绿色产业的中介作用","authors":"Subroto Rapih, Jorge Tavares Borges, Susantiningrum","doi":"10.1016/j.frl.2024.106734","DOIUrl":null,"url":null,"abstract":"This study examines the impact of domestic environmental policy stringency (EPS) on cross-border bank inflows across 33 countries from 2000 to 2020. Using panel data estimation models, the results reveal that higher levels of EPS are associated with increased cross-border bank inflows. Furthermore, non-market-based EPS shows a stronger effect in attracting these inflows compared to market-based policies. Additionally, green industries in host countries partially mediate the relationship between EPS and cross-border bank inflows, suggesting that stringent EPS fosters a favorable investment climate through the promotion of green sectors. These findings highlight the crucial role of environmental regulations in shaping financial flows and resource distribution in the banking sector, offering valuable insights for policymakers aiming to attract sustainable investment.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"28 1","pages":""},"PeriodicalIF":7.4000,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Environmental policies stringency and cross-border banking: The mediating role of green industries\",\"authors\":\"Subroto Rapih, Jorge Tavares Borges, Susantiningrum\",\"doi\":\"10.1016/j.frl.2024.106734\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study examines the impact of domestic environmental policy stringency (EPS) on cross-border bank inflows across 33 countries from 2000 to 2020. Using panel data estimation models, the results reveal that higher levels of EPS are associated with increased cross-border bank inflows. Furthermore, non-market-based EPS shows a stronger effect in attracting these inflows compared to market-based policies. Additionally, green industries in host countries partially mediate the relationship between EPS and cross-border bank inflows, suggesting that stringent EPS fosters a favorable investment climate through the promotion of green sectors. These findings highlight the crucial role of environmental regulations in shaping financial flows and resource distribution in the banking sector, offering valuable insights for policymakers aiming to attract sustainable investment.\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"28 1\",\"pages\":\"\"},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2025-01-01\",\"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.2024.106734\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1016/j.frl.2024.106734","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Environmental policies stringency and cross-border banking: The mediating role of green industries
This study examines the impact of domestic environmental policy stringency (EPS) on cross-border bank inflows across 33 countries from 2000 to 2020. Using panel data estimation models, the results reveal that higher levels of EPS are associated with increased cross-border bank inflows. Furthermore, non-market-based EPS shows a stronger effect in attracting these inflows compared to market-based policies. Additionally, green industries in host countries partially mediate the relationship between EPS and cross-border bank inflows, suggesting that stringent EPS fosters a favorable investment climate through the promotion of green sectors. These findings highlight the crucial role of environmental regulations in shaping financial flows and resource distribution in the banking sector, offering valuable insights for policymakers aiming to attract sustainable investment.
期刊介绍：
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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