This study examines the impact of environmentally conscious financial preferences on the sustainable investment practices of 137 Chinese exhibition industry companies from 2015 to 2021. Using the CS-ARDL method, the findings reveal that a 1% increase in the green financing preference index leads to short-term and long-term increases of 0.55% and 0.63%, respectively, in green investments. Workforce size, profitability, and total income also positively influence green investments. Preference for green bonds significantly impacts green investments more than other financing preferences. The study recommends policies promoting digital technologies, green jobs, and green initiatives for SMEs through efficient fiscal policies.
Publisher
Humanities and Social Sciences Communications
Published On
Dec 12, 2023
Authors
Fangbin Qian, Yuanjie Pu, Yunfeng Shang
Tags
environmentally conscious
sustainable investment
green financing
green bonds
exhibition industry
China
SMEs
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