投资(军事)
业务
执行
地方政府
政府(语言学)
中国
财务
约束(计算机辅助设计)
样品(材料)
构造(python库)
比例(比率)
经济
自然资源经济学
生态学
量子力学
公共行政
政治学
计算机科学
语言学
法学
程序设计语言
色谱法
生物
化学
机械工程
哲学
工程类
物理
政治
作者
Han Chen,Jianping Deng,Meiting Lu,Pengdong Zhang,Qihao Zhang
标识
DOI:10.1016/j.eneco.2024.107547
摘要
This study employs textual analysis to construct a dataset reflecting the level of environmental attention by local governments and utilizes data from Chinese A-share listed companies between 2003 and 2020 as a sample to investigate the impact of local government's environmental attention on firms' green investment. The findings demonstrate that local government's environmental attention positively influences companies' green investment. Mechanism analyses reveal that local government's environmental attention primarily stimulates enterprise green investment by expanding the scale of green credit supply and reinforcing local environmental regulations. The effect of local government's environmental attention is more pronounced for state-owned enterprises, heavily polluting firms, large-scale firms, and firms with higher cash reserves and low financing constraint. Moreover, the influence is particularly significant in eastern China as well as regions characterized by lower ecological levels and stronger enforcement of environmental regulations.
科研通智能强力驱动
Strongly Powered by AbleSci AI