Shuhao Fan,Fanchao Kong,Cheng Li Shuhao Fan

The empirical results show that the regional green financial development in China significantly improves the health level of residents. And the impact has significant regional heterogeneity, as shown in the improvement effect is more significant for the provinces in the central and western regions....In addition, the impact of green financial development on the health level of residents in China is non-linearly influenced by external environmental factors.

Zhibin Zhang,Youqiang Ding Zhibin Zhang

This paper examined the impact of green financial development on the stock price crash risk using the sample data of non-financial listed companies in Shanghai and Shenzhen A stock market in China from 2009 to 2020....We found that green financial development significantly inhibits the stock price crash risk; this is more obvious in listed companies with a high level of asymmetric information....And companies in high-level regions of green financial development attracted more attention from institutional investors and analysts.

Hui Hou,Yuanyuan Wang,Minglang Zhang Hui Hou

development is positively impacted by green finance, and the marginal impact of green finance is gradually growing as renewable energy development level improves; the contribution of green finance to renewable energy development holds only in developed countries, emerging economies, countries with high green...financial development levels, and countries with strong environmental regulations, but not in relatively backward developing countries, countries with low green financial development levels, and countries with weak environmental regulations; sectors of renewable energy that rely more heavily on external

Guozhu Li,Liqi Wang,Zining Li et al. Guozhu Li et al.

The results show that the green financial reform and innovation pilot zone policy can significantly improve the level of regional green financial development and environmental quality, and the results are robust....Further heterogeneity analysis finds that the green financial reform and innovation pilot zone policy have heterogeneous effects on the level of green financial development and environmental quality in different regions, sizes, environmental regulation intensity, financial development levels, and cities

Wenyueyang Deng,Zenglian Zhang Wenyueyang Deng

There is also a significant positive spatial spillover effect of the impact of green finance development on environmental sustainability. (3) Based on the provincial level, the impact of environmental regulation and green financial development on environmental sustainability in each region is significantly

Francis Atta Sarpong,Peter Sappor,George Nyantakyi et al. Francis Atta Sarpong et al.

The role played by green financial development efficiency (GFDE) in this pursuit cannot be overlooked. This paper explored the impact of GFDE on China's green transformation agenda and its contributions toward sustainable development....It also adds to the existing literature by specifically focusing on the role of green financial development efficiency in the pursuit of a green transformation agenda in China.

Xin Guo,Jiang Wang Xin Guo

Based on panel data of 30 provinces in China from 2005 to 2019, this study constructs a generalized method of moments (GMM) model and a dynamic threshold panel model to empirically investigate how green financial development influences the impact of OFDI on the GTFP of the home country....We found that green financial development plays a positive moderating role in the impact of OFDI on GTFP in home country. The results also show the impact of OFDI on GTFP has a significant single-threshold effect on green financial development....Only when green financial development reaches a certain level can OFDI significantly promote GTFP of the home country. Moreover, regional heterogeneity exists in the moderating effect of green financial development....Given the ongoing growth of China's OFDI, it is vital to decide on a proper green financial development policy to improve the reverse spillover effect of OFDI firms on the nation's GTFP.

Abid Rashid Gill,Rabbia Riaz,Minhaj Ali Abid Rashid Gill

As a policy suggestion, the current study suggests expanding green financial development in Pakistan by emphasizing more on Sustainable Development Goals.

Hui Hou,Minna Chen,Minghao Zhang Hui Hou

And the intensity of local carbon emissions will be influenced by the agglomeration of high energy-consuming industrial agglomeration and green financial development in local and neighboring areas....Moreover, green financial development plays a moderating role in the relationship between high energy-consuming industrial agglomeration and carbon emissions, and the role of high energy-consuming industrial agglomeration and green financial development on carbon emissions has a threshold effect due...Under different levels of green financial development, the influence of high energy-consuming industrial agglomeration on carbon emissions varies widely, and green financial development helps to suppress the negative impact of high energy-consuming industrial agglomeration on carbon emissions.

Langang Feng,Shu Shang,Sufang An et al. Langang Feng et al.

This paper uses the entropy method to estimate China's green financial development from four aspects, namely, green credit, green securities, green insurance, and green investment, based on the provincial-level panel data from 2008 to 2019....The results show that China's green financial development can significantly reduce carbon emissions, and regional heterogeneities are obvious....China's green financial development and carbon emissions also showed an inverted U-shaped relationship. These results suggest that the effect of green finance development on carbon emissions exhibits substantial regional heterogeneity in China.