Study on the Impact of Green Bond Issuance on Enterprises'Green Innovation Ability
In the context of green and low-carbon,the implementation of green finance means is a necessary measure to promote the parallel,coordinated and sustainable development of economy and environment.As an important financial tool for promoting the development of green economy,green bonds have attracted wide attention.Based on the samples of China's Shanghai and Shenzhen A-share non-financial listed enterprises from 2013 to 2022,this paper uses DID model to conduct an empirical analysis on the ability of enterprises to issue green bonds to promote green innovation.In addition,it is found that higher financing constraints weaken the promotion effect of green bond issuance on enterprises'green innovation ability.And the high degree of ownership concentration strengthens this promoting effect.Finally,according to the conclusion of the study,some feasible suggestions are put forward for the government,financial institutions and enterprises.
green bondgreen innovationfinancing constraintsownership concentration
万方数据
维普
