Research On The Impart Of Green Credit Policy On Firms’ Export Product Quality

Green economy is an important aspect of high quality economic development.Promoting green economic development is one of the hot topics at present.Various environmental regulation policies and top-level design help to balance economic growth and green development,and the introduction of green credit policies will limit the bank’s credit support to polluting enterprises through environmental performance standards,which plays a key role in promoting the green transformation of polluting enterprises and the realization of the government’s environmental goals.Against the background of anti-globalization,the implementation of green credit policy boosts polluting enterprises to upgrade the quality of export products and green production,and can strengthen enterprises to cope with abnormal standards of export product quality requirements and green barriers and other trade barriers.Therefore,will the introduction of green credit guidelines have a positive or negative effect on the quality of polluting enterprises’ export products? What is the mechanism of influence between them? There are many literatures on the impact of environmental regulation on the quality of export products.However,there are few literatures on the effect of 2012 green credit guidelines on the quality of export products of polluting enterprises by using them as a quasi-natural experiment.Therefore,this paper puts them in the same equation to study.This paper first reads and sorts out the relevant literature and theories,sums up the research results of other scholars and probable new research orientations,shapes the research framework of this paper.Then,the panel data of China’s customs export data from 2008 to 2015 is used to compute the quality of export products by the reference of Shi(2013).The green credit guidance is taken as a quasi-natural experiment to explore the relationship between green credit guidance policy and the quality of export products.The results show that during the sample period of this paper,green credit policy can significantly facilitate the improvement of export product quality of polluting enterprises;In addition,there is a certain differentiation in different levels of government subsidies and different economic development regions,that is,the impact on enterprises with low subsidy levels and regions with more developed economic levels is higher,while the impact on enterprises with high subsidy levels and regions with less developed economic development standards is not significant.For the sake of guaranteeing the credibility of the basic regression results,the parallel trend test was first conducted to ensure the premise and basis of the difference method.Then,this paper selected the metrics method of the main variables,the expected effect test,the placebo test and other methods to execute the robustness analysis,and the results obtained can strengthen the reliability of the results.Then this article has carried on the channel test,verify the financing constraint effect and innovation incentive effect is how to in the green credit policy and build Bridges between export product quality,the results show that the financing constraint effect to through to the polluting enterprises loan limit to partly offset by the positive benefits of green credit policy,and innovative incentive effects can effectively promote the growth of the export product quality.Finally,according to the results explored in this paper,several policy suggestions are given,including periodic evaluation of the policy effect of green credit guidance,refinement and improvement of the unified standard of banking credit approval,reasonable and effective allocation of government subsidies,adaptation to local conditions and guidance of common development of different economic development levels.