Research On The Impact Of Green Credit Policy On Green Technology Innovation Of New Energy Enterprises

Since the opening of the reform,Japan’s economy has been at a high level of growth,and economic development has made remarkable breakthroughs.Japan has already been an important component of world economic growth,but behind the rapid economic growth are a number of environmental problems,such as wasting resources and destroying the environment.The traditional economic development method and the pursuit of the economic growth target blindly comply with the large trends in the current economic growth,and the 195 th group of the five parties argued that the resource utilization efficiency should be raised to promote low carbon development.Then,it was proposed to realize the green evolution in the whole society.Since the18 th party meeting,the Central Party emphasized the importance of ecological civilization construction,the policy is the starting point,learning under the large background of green finance,and whether the green credit policy can promote the "green technological innovation" of the enterprise.There is theoretical and practical value in studying the impact of green credit policies on a company’s "green innovation" and the factors that determine it.In this paper,we take the Green Credit Guidelines published by China A Stock Market from 2008 to 2019 as a sample.The previous CBRC as a quasi-natural experiment in 2012.Through the establishment of dual differential model,the influence of green credit policy on the new energy enterprises’ green technological innovation is researched.Through the analysis of heterogeneity.This paper examines the different responses and regional differences in green technology innovation in new energy companies due to differences in ownership,and conducts a robustness test.The results show that the Green Credit Policy has remarkable effect on the innovation of NEP,and it is better than that of non-state.Owned businesses and the eastern region,In the middle and west area,the state enterprises and the new energy enterprises have more outstanding green technology innovation.Finally,based on the above research results,this paper puts forward countermeasures and suggestions on green credit policy and green technology innovation of new energy enterprises,which provides empirical evidence and corresponding inspiration for the improvement and promotion of the subsequent green credit policy.