Proceedings of the 3rd International Conference on Financial Innovation, FinTech and Information Technology (FFIT 2024)

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The Impact of Green Bond Issuance on Corporate Green Innovation Performance

Authors
Haolun Han1, *, Huilin Yang2, Dong Li3
1Faculty of Liberal Arts and Professional Studies, York University, Toronto, Canada
2College of Finance, Nanjing Agricultural University, Nanjing, China
3Graduate School, Universitat Autònoma de Barcelona, Barcelona, Spain
*Corresponding author. Email: HaolunHan2024@126.com
Corresponding Author
Haolun Han
Available Online 19 November 2024.
DOI
10.2991/978-94-6463-572-0_13How to use a DOI?
Keywords
Green Bonds; Green Innovation Performance; Media Attention; Environmental Information Disclosure
Abstract

Amid global climate change and environmental degradation, constructing a green financial system has become a worldwide consensus, with green bonds serving as a critical tool for promoting environmental protection and sustainable development. This paper selects 172 green bonds issued between 2011 and 2022 as samples and employs a difference-in-differences model to investigate the impact of green bond issuance on corporate green innovation performance. Empirical findings indicate that: firstly, the green bond issuance positively influences corporate green innovation performance. Secondly, media attention and corporate environmental information disclosure play a positive moderating role in this process. Thirdly, there are regional heterogeneity variations in how green bond issuance affects corporate green innovation performance. This research provides important theoretical foundations and practical references for green finance in supporting corporate sustainable development.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Financial Innovation, FinTech and Information Technology (FFIT 2024)
Series
Advances in Computer Science Research
Publication Date
19 November 2024
ISBN
978-94-6463-572-0
ISSN
2352-538X
DOI
10.2991/978-94-6463-572-0_13How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haolun Han
AU  - Huilin Yang
AU  - Dong Li
PY  - 2024
DA  - 2024/11/19
TI  - The Impact of Green Bond Issuance on Corporate Green Innovation Performance
BT  - Proceedings of the 3rd International Conference on Financial Innovation, FinTech and Information Technology (FFIT 2024)
PB  - Atlantis Press
SP  - 116
EP  - 125
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-572-0_13
DO  - 10.2991/978-94-6463-572-0_13
ID  - Han2024
ER  -