Green gospel effect of regional financial expansion: evidence from urban commercial banks in China.
Enterprise environmental performance
Fiscal pressure
Green gospel effect
Regional financial expansion
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
Aug 2023
Aug 2023
Historique:
received:
04
05
2023
accepted:
10
07
2023
medline:
24
8
2023
pubmed:
20
7
2023
entrez:
19
7
2023
Statut:
ppublish
Résumé
The regional financial expansion represented by the development of regional small and medium-sized banks, such as urban commercial banks, is an essential factor affecting the environmental behavior of enterprises. We found that both the marginal expansion and the scale expansion of regional finance help reduce the sulfur dioxide emission intensity and improve the environmental performance of enterprises, indicating a green gospel effect of regional financial expansion. In terms of the impact path, regional financial expansion cannot only reduce the sulfur dioxide generation intensity and improve the front environmental performance of enterprises, but also increase the sulfur dioxide removal intensity as well as improve the terminal environmental performance. However, in the context of high fiscal pressure on local governments, regional financial expansion exacerbates sulfur dioxide emission and generation intensity of enterprises, worsening environmental performance and creating a green curse effect. Further study finds that the cross-regional expansion of urban commercial banks can strengthen the green gospel effect; the improvement of enterprises' environmental performance by regional financial expansion is mainly found in polluting industries and non-SOEs.
Identifiants
pubmed: 37468776
doi: 10.1007/s11356-023-28783-4
pii: 10.1007/s11356-023-28783-4
doi:
Substances chimiques
Sulfur Dioxide
0UZA3422Q4
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
91007-91027Subventions
Organisme : National Natural Science Foundation of China
ID : 72213107
Organisme : Humanities and Social Sciences Youth Foundation, Ministry of Education of the People's Republic of China
ID : 20YJC790001
Informations de copyright
© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
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