Green Credit Policy, Cash Holding Level and Enterprise Investment Efficiency
Authors
Guiqiu Lan1, *, Yijing Liu1, Guitao Qiao2
1School of Economics, Bohai University, Jinzhou, China
2School of Management, Shandong University of Technology, Zibo, China
*Corresponding author.
Email: 1123110436@qq.com
Corresponding Author
Guiqiu Lan
Available Online 9 October 2023.
- DOI
- 10.2991/978-94-6463-256-9_147How to use a DOI?
- Keywords
- Green credit policy; Investment efficiency; Cash holding level
- Abstract
By analyzing the data of Shanghai and Shenzhen A-share listed companies from 2008 to 2021, this paper discusses the impact of green credit on enterprise investment efficiency by using the differential model. The research shows that green credit policy can significantly improve the investment efficiency of heavy polluting enterprises; the influence mechanism test shows that the cash holding level plays a positive moderating role in the relationship between green credit policy and enterprise investment efficiency.
- 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
TY - CONF AU - Guiqiu Lan AU - Yijing Liu AU - Guitao Qiao PY - 2023 DA - 2023/10/09 TI - Green Credit Policy, Cash Holding Level and Enterprise Investment Efficiency BT - Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023) PB - Atlantis Press SP - 1454 EP - 1461 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-256-9_147 DO - 10.2991/978-94-6463-256-9_147 ID - Lan2023 ER -