| The "Green Credit Guidelines" issued by the China Banking Regulatory Commission in 2012 paved the way for the standardized implementation of green credit policies in China’s banking industry.Since then,the scale of China’s green credit has gradually expanded,empirical research on the impact of green credit policies on corporate green innovation from a macro level has been effectively carried out.However,there are few empirical research papers that attempt to analyze the impact of green credit on corporate green innovation from the micro level.This paper takes heavily polluting enterprises listed on the A-share market as the research object,observes the green innovation performance of enterprises after obtaining green credit,analyzes the impact mechanism of green credit on green innovation at the micro level,and explores the relationship between executive bank background and green credit on green innovation.These studies are of great significance for improving the level of green innovation of heavily polluting enterprises.This paper systematically sorts out relevant domestic and foreign literature from three aspects: green credit,executive bank background,and green innovation,and finds gaps in existing research.On this basis,the research ideas of this paper are formed.Related concepts and theories such as "green innovation" and "top executives’ background in banking" are elaborated in detail,laying a theoretical foundation for the following research and analysis.The empirical analysis part puts forward the competitive research hypothesis that green credit affects the green innovation of heavily polluting enterprises,constructs a multiple linear regression model,and then selects samples for empirical testing.The results of the empirical testing reveal the situation of green credit inhibiting green innovation of heavily polluting enterprises;By introducing the executive bank background to test the moderating effect,the research results show that the negative impact of green credit on green innovation can be alleviated when corporate executives have bank background.In this paper,the robustness of the conclusions is tested by methods such as narrowing the sample interval and grouping to test the adjustment effect,and the conclusions are consistent with the previous ones.Finally,according to the research results of the empirical test,suggestions are put forward to optimize the green credit policy of heavily polluting industries and improve the green innovation capabilities of heavily polluting enterprises. |
