Research on the Complexity of Green Finance and Export Technology of Heavily Polluting Enterprises
Using the methods of DID and PSM-DID,with The Green Credit Guidelines(hereinafter referred to as The Guidelines)as the policy evaluation object,the study found that green finance has an inhibitory effect on the export technology complexity of heavily polluting enterprises.During a period of time after the implementation of The Guidelines,heavily polluting enterprises generally experienced an"avoidance effect"by reducing their own research and development expenses and using research and development funds to address cash flow issues.In terms of mechanism,the decrease in corporate performance is one of the mechanisms by which green finance affects the complexity of export technology;green finance has a greater impact on the export technology complexity of small-scale enterprises and non-state-owned enterprises;the higher the degree of regional marketization,the smaller the effect of green finance on reducing the complexity of export technology for heavily polluting enterprises.
万方数据
维普
