The Impact of Green Credit Policies on the Skill Structure of Corporate Labor Forces: Empirical Evidence from Enterprises in China

This research employs a DID model using listed company data to explore how green credit policies affect the skill structure of corporate R&D labor and the mechanisms behind this effect. We find that green credit policies, through financial incentives, promote firms’ green technological innovation, increase their demand for high-skilled labor, and facilitate the optimization and upgrading of corporate labor structures. Moreover, these policies effectively curb greenwashing behavior, drive genuine environmental actions within firms, and encourage adjustments in corporate skill labor structures. Our results further show that small and medium sized enterprises and firms located in central and western regions experience larger effects from green credit policies, owing to their higher organizational flexibility and greater funding needs. This research provides empirical evidence and policy implications for the effective implementation of green credit policies.

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Publication Details

Journal
Emerging Markets Finance and Trade
Published
2026-06-17
DOI
https://doi.org/10.1080/1540496x.2026.2689411
Primary Topic
Energy, Environment, Economic Growth
Type
article
Field-Weighted Citation Impact
0.00

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article

The Impact of Green Credit Policies on the Skill Structure of Corporate Labor Forces: Empirical Evidence from Enterprises in China

Wei Dai, Lu Xu, Qiushi Li
Emerging Markets Finance and Trade
Energy, Environment, Economic Growth
article

The Impact of Green Credit Policies on the Skill Structure of Corporate Labor Forces: Empirical Evidence from Enterprises in China

Wei Dai, Lu Xu, Qiushi Li
article en

Abstract

This research employs a DID model using listed company data to explore how green credit policies affect the skill structure of corporate R&D labor and the mechanisms behind this effect. We find that green credit policies, through financial incentives, promote firms’ green technological innovation, increase their demand for high-skilled labor, and facilitate the optimization and upgrading of corporate labor structures. Moreover, these policies effectively curb greenwashing behavior, drive genuine environmental actions within firms, and encourage adjustments in corporate skill labor structures. Our results further show that small and medium sized enterprises and firms located in central and western regions experience larger effects from green credit policies, owing to their higher organizational flexibility and greater funding needs. This research provides empirical evidence and policy implications for the effective implementation of green credit policies.

Emerging Markets Finance and Trade
Nanjing University of Finance and Economics (CN), Xi'an University of Technology (CN), Nanjing University (CN)
National Natural Science Foundation of China
Decent work and economic growth
Openalex Percentile: Top 4%
Energy, Environment, Economic Growth
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