A STUDY ON THE EFFECT OF ECONOMIC POLICY TO THE SUSTAINABILITY OF GREEN ECONOMY

Published 31 January 2021 •  vol 146  • 


Authors:

 

Lifeng Chen, Department of Global Business Administration, Gachon University, Seongnam-si, South Korea
Yiwei Wang, Department of Global Business Administration, Gachon University, Seongnam-si, South Korea
Shanyue Jin, Department of Global Business Administration, Gachon University, Seongnam-si, South Korea
Tao Li, School of Education, Wuchanzhongda International University, Hangzhou, China

Abstract:

 

A high level of uncertainty in economy and policy plagues China’s environmental performance, social responsibility, and corporate governance (ESG). This study employed 17033 panel data from 2010 to 2019 to conduct an empirical research on green credit policy, green innovation, financial performance, and ESG performance by developing an ESG factors-embedded regression model. The results showed that, although the promulgation of the Green Credit Guidelines (GCG) policy failed to promote green innovation and environmental indicators of green enterprises, it could improve the financial performance of green enterprises. We also found green companies benefit more from green policy, however, GCG is far from meeting the expectation of improving ESG performance through green innovation.

Keywords:

 

Green Finance; Green Credit Policy; Green Innovation; Environmental Regulation; ESG Performance; EE and RES; Financial Performance

References:

 

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Citations:

 

APA:
Chen, L., Wang, Y., Jin, S., & Li, T., (2021). A Study on the Effect of Economic Policy to the Sustainability of Green Economy. International Journal of Advanced Science and Technology (IJAST), ISSN: 2005-4238(Print); 2207-6360 (Online), NADIA, 146, 53-60. doi: 10.33832/ijast.2021.146.06.

MLA:
Chen, Lifeng, et al. “A Study on the Effect of Economic Policy to the Sustainability of Green Economy.” International Journal of Advanced Science and Technology, ISSN: 2005-4238(Print); 2207-6360 (Online), NADIA, vol. 146, 2021, pp. 53-60. IJAST, http://article.nadiapub.com/IJAST/Vol146/6.html.

IEEE:
[1] L. Chen, Y. Wang, S. Jin, and T. Li, "A Study on the Effect of Economic Policy to the Sustainability of Green Economy." International Journal of Advanced Science and Technology (IJAST), ISSN: 2005-4238(Print); 2207-6360 (Online), NADIA, vol. 146, pp. 53-60, January 2021.