Business

Real green or fake green? Impact of green credit policy on corporate ESG performance

Y. Liao and X. Zhou

This study, conducted by Yangjie Liao and Xiaokun Zhou, reveals the unintended consequences of China's 2012 Green Credit Guidelines, which impair the ESG performance of polluting enterprises. The research highlights a significant 'crowding out effect' that negatively influences green innovation, especially among non-state-owned enterprises, and offers strategies for transforming these challenges into opportunities.

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