Green Credit Policies and Enterprise Technology Innovation

This paper makes use of the enactment of the Green Credit Guidelines as a quasi-natural experiment and builds a difference-in-differences (DID) model to identify the influence of green credit policies on technological innovation of heavy-polluting enterprises and its impact mechanism. Using the data of A-share listed enterprises from 2010 to 2019. The findings include that technological innovation of heavily polluted enterprises can be inhibited significantly by green credit policy.