Research On The Effect Of Green Enterprise Asset Securitization

With tremendous changes of this century and the target of "double carbon",enterprises are facing great challenges.They take the mission of low-carbon transformation to promote the high-quality development of our economy,and build "green transformation".Enterprises need to adopt innovative ways to practice low-carbon strategy and enhance their core competitiveness.During this trend,financial products based on the concept of "Green",“Low carbon” and "sustainable" become the topic under heated discussions among enterprises.These products not only meet the demand real economy green transformation and but also effectively match the characteristics of maturity mismatch in the financial leasing industry.They are playing roles of vital significance in corporate financing.This paper firstly provides a detailed analysis of the development status of green enterprise asset securitization in China.Relevant literature summarized to elaborate the concept and role of asset securitization and green asset securitization.Secondly,taking the main features of green enterprises into consideration,the paper enumerates basic theories and conducts a detailed analysis of the motives and effectiveness of green enterprise asset securitization,and finally carries out the working mechanism.Then,correlation analysis,regression analysis and robustness test are used to empirically test the effectiveness of green enterprise asset securitization.The research conclusions are as follows:(1)Green enterprise asset securitization has a positive impact on the environmental,social and operational benefits of the enterprise.;(2)Compared to private enterprises,green enterprise asset securitization has been more effective for stateowned green enterprises.From the research,this paper draws the following four inspirations:(1)Strengthen the development of green asset securitization to enhance corporate operational efficiency;(2)Improve risk management and prevention mechanisms,and strengthen regulatory oversight of green asset securitization;(3)Pay attention to energy consumption control to achieve low-carbon environmental goals;(4)Improve the awareness of green business of enterprises and promote the securitization of green assets of private enterprises.In addition,compared with the existing literature,the main innovation of this paper is the new research field and new ideas added in the research methods: Firstly,the supervision policies and the market situation of green enterprises asset securitization are comprehensively analyzed in combination with green finance and asset securitization.Secondly,the effect of asset securitization of green enterprises is studied by empirical regression model,which provides a new idea for exploring the issue of asset securitization of green enterprises.