摘要
基于浙江省138家2008-2018年A股高污染企业的经验数据,考察了绿色信贷政策的实施对高污染企业债务融资的影响情况。研究结果表明,《绿色信贷指引》的颁布在1%的水平上显著增加了高污染企业的债务融资成本,缩减了高污染企业的短期债务融资和长期债务融资,且前者的缩减程度更大,从而有效地抑制了其债务融资规模。
Based on the empirical data of 138 A-share heavy polluted enterprises in Zhejiang Province from 2008 to 2018,this paper investigates the impact of the implementation of green credit policy on the debt financing of heavy polluted enterprises.The results show that:the promulgation of the green credit guidelines significantly increases the debt financing cost of heavy polluted enterprises at the level of 1%,reduces the short-term debt financing and long-term debt financing of heavy polluted enterprises,and the former reduces more,thus effectively restraining the scale of debt financing.
作者
何秀秀
赵春宇
汤倩
HE Xiu-xiu;ZHAO Chun-yu;TANG Qian(Department of Accounting,Anhui Business College,Wuhu 241002,Anhui)
出处
《陇东学院学报》
2022年第5期19-23,共5页
Journal of Longdong University
基金
安徽省教育厅人文社科重点研究项目(SK2019A0868)
校级科研课题(2016KYR01)
校级科研课题(2021KYR03)。
关键词
绿色信贷
高污染企业
债务融资水平
债务融资成本
经验数据
green credit
heavy polluted enterprises
debt financing level
debt financing cost
empirical data
