工业技术经济2025，Vol.44Issue(5)：43-52,10.DOI:10.3969/j.issn.1004-910X.2025.05.005
绿色金融政策、新质生产力与企业行为
Green Finance Policy,New Quality Productivity,and Corporate Behavior
摘要
Abstract
In the context of intensifying global climate change and the growing urgency of sustainable development,green fi-nance has emerged as a crucial tool for supporting sustainability,with its policy effects garnering significant attention.This study aims to investigate how green finance policies influence enterprises'sustainable development capabilities,particularly their new quality pro-ductivity.Grounded in institutional theory and social capital theory,we examine the impact of green finance reform and innovation pi-lot zone policies using a difference-in-differences model.Our analysis of panel data from Chinese A-share listed companies from 2012 to 2023 reveals that these policies significantly promote the development of enterprises'new quality productivity.This effect is primarily achieved through enhancing management's environmental awareness and strengthening enterprises'centrality in industry networks.Fur-thermore,we find that patient capital,as a long-term oriented investment strategy,significantly reinforces the positive impact of green finance policies,environmental awareness,and network centrality on new quality productivity.These findings not only enrich the cross-disciplinary research on green finance and corporate innovation but also deepen our understanding of long-term investment's role in corporate sustainable development.The study concludes by offering practical guidance for policymakers and corporate leaders in advancing green finance innovation and promoting sustainable corporate development.关键词
绿色金融政策/新质生产力/制度理论/社会资本理论/环境注意力/网络中心度/耐心资本/可持续发展Key words
green finance policy/new quality productivity/institutional theory/social capital theory/environmental at-tention/network centrality/patient capital/sustainable development分类
管理科学引用本文复制引用
雷学,张才华..绿色金融政策、新质生产力与企业行为[J].工业技术经济,2025,44(5):43-52,10.基金项目
广东省特色重点学科建设项目"公共管理"(项目编号:2020STSZD01) （项目编号:2020STSZD01）
2021年广东省重点建设学科科研能力提升项目"后疫情时代广东中小企业的危机应对机制及政策研究"(项目编号:2021ZDJS141) （项目编号:2021ZDJS141）
2022年广东省重点建设学科科研能力提升项目"金融支持广东实体经济高质量发展的路径和对策研究"(项目编号:2022ZDJS150). （项目编号:2022ZDJS150）
