绿色信贷政策对企业创新产出持续性研究

A Study on the Sustainable Effect of Green Credit Policy on Enterprise Innovation Output

2012年《绿色信贷政策指引》发布后,绿色信贷限制行业发生巨大变革,本文基于指引的发布对于限制行业的创新产出持续性影响的角度,根据上市公司1999~2019年的数据利用双重差分法进行实证分析。研究结果是绿色信贷政策有利于提高绿色信贷限制行业的创新产出持续性,并且显著缩小了绿色信贷限制行业与非绿色信贷限制行业的差距。

After the release of the Green Credit Policy Guidelines in 2012,the green credit restriction indus-try has undergone great changes.Based on the perspective of the sustainable impact of the release of the guidelines on the innovation output of the restricted industry,this paper makes an empirical analysis using the differentially applied method based on the data of listed companies from 1999 to 2019.The results show that green credit policies can improve the sustainability of innovation output in green credit restricted industries,and significantly narrow the gap between green credit re-stricted industries and non-green credit restricted industries.