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- ISIDORE Id: 10670/1.fa2f2c...
- halshs: halshs-02423350
info:eu-repo/semantics/OpenAccess
Mots-clés
Banks Financial Dependency Environmental regulation China F - International Economics/F.F3 - International Finance/F.F3.F36 - Financial Aspects of Economic Integration G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G20 - General Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q53 - Air Pollution • Water Pollution • Noise • Hazardous Waste • Solid Waste • Recycling Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population GrowthSujets proches
Environmental pollution Chemical pollution Pollution--Control Contamination of environment Nurture and nature Nature versus nurture Genetics and environment Nature--Nurture Environment Heredity and environment Documents Documents, Legal Industrial production Industry Documents Public documents Official publications Government documents Funds Funding Environment Economic theory Political economy Ecological science Environmental biology Bionomics Ecological sciences Environment Balance of nature Oecology Biology--Ecology Ecological processes Documents Documents Indentures Documents Charters--Law and legislation Documents Manuscript repositories Manuscript depositories Manuscripts--Repositories Manuscripts--Depositories EnvironmentCiter ce document
Mathilde Maurel et al., « Financial Dependencies, Environmental Regulation and Pollution Intensity: Evidence From China », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.fa2f2c...
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Résumé
We study how a bank's involvement in a firm's financing may be in line with environmental policies pursued by the Chinese central government. Specifically, we evaluate the effectiveness of credit reallocation away from polluting projects when the government imposes stringent environmental policies. We combine the industries' financial dependencies with time, including cross-cities variation in policy intensity to identify the causal effect on the sulfur dioxide (SO2) emission. We find that SO2 emissions are lower in industries with high reliance on credits and stricter environmental regulations. Furthermore, our results suggest that locations with strong environmental policies lead firms to seek funding in less regulated areas, which confirms the pollution haven hypothesis.
