公众环境关注度促进了绿色金融发展吗?——来自中国284个城市的经验证据
Do Public Environmental Concerns Promote the Development of Green Finance?Empirical Evidence from 284 Cities in China
刘兴华 1袁琦璟1
作者信息
- 1. 江西财经大学 金融学院,江西 南昌 330013
- 折叠
摘要
基于2011-2019 年中国284 个城市的面板数据,实证检验了公众环境关注度对绿色金融发展的影响.研究结果表明,公众环境关注度对绿色金融发展存在显著正向影响,这一结论在经过一系列稳健性检验后依然成立.传导机制检验表明,公众环境关注度促进政府提高环境规制强度,进而推动绿色金融发展.调节性效应检验表明,地区经济发展水平、地区绿色创新水平能够正向调节公众环境关注度对绿色金融的正向影响.异质性检验表明,在中西部地区、教育水平较高、污染排放量较高、环境信息公开的地区,公众环境关注度对绿色金融的促进作用更加显著.推进绿色金融发展必须激发公众对环境的关注,完善公众参与机制,提升绿色创新水平,制定差异化发展战略.
Abstract
Accelerating green transformation is an inherent requirement for high-quality economic development.This paper empirically ex-amines the impact of public environmental concern on the development of green finance by using panel data from 284 cities in China from 2011 to 2019.The results show that public environmental concerns have a significant positive impact on the development of green finance,and this conclusion is still true after a series of robustness tests.The transmission mechanism test shows that public environmental concerns promote the development of green finance by promoting the government to improve the intensity of environmental regulation.The regulatory effect test shows that the level of regional economic development and regional green innovation can positively regulate the positive impact of public environmental concern on green finance.Heterogeneity analysis reveals that in the central and western regions,areas with higher ed-ucation level,higher pollution emissions and open environmental information,public environmental concerns play a more significant role in promoting green finance.In order to further stimulate public concern for the environment in the process of promoting the development of green finance,relevant policy suggestions such as improving the public participation mechanism,improving the level of green innovation,and formulating differentiated development strategies are proposed.
关键词
公众环境关注/绿色金融/百度指数/绿色创新/绿色发展Key words
public environmental concerns/green finance/Baidu Index/green innovation/green development引用本文复制引用
基金项目
江西省社会科学基金重点项目(十四五)(23YJ01)
江西省社会科学基金地区项目(十四五)(23ZXDQ41)
江西省高等学校人文社会科学研究项目(JJ22107)
江西省研究生创新专项(YC2023-B168)
出版年
2024
NETL
NSTL
万方数据