Green total factor productivity can comprehensively measure the economic benefits and environmental sta-tus of enterprises.Using the super efficient EBM model to calculate the green total factor productivity of heavily pol-luting enterprises and exploring the impact of green credit on the green development of heavily polluting enterprises.Research has shown that green credit can significantly improve the green total factor productivity of heavily polluting enterprises,motivate them to innovate and improve resource allocation efficiency,force them to increase environ-mental information disclosure,guide the public to pay more attention to pollution issues,and thus promote the green transformation of enterprises.Green credit has a more significant impact on state-owned enterprises,small enterprises,and enterprises with high financing constraints.It is recommended to strengthen the implementation of green credit policies,improve the environmental information disclosure system,fully mobilize the enthusiasm of the public,and promote the comprehensive and high-quality development of China's economy.
green creditheavy pollution enterprisesgreen total factor productivity
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