The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China
IntroductionChina’s manufacturing sector is a cornerstone of its industrial system. However, some parts of China are dominated by heavy chemicals, which leads to severe environmental pollution. The emergence of green finance (GF) can influence social capital to gradually withdraw from companies that...
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Frontiers Media S.A.
2024-10-01
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| Series: | Frontiers in Environmental Science |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2024.1473621/full |
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| author | Yanbing Sun Hui Zhong Yuning Wang Yuhan Pan Decai Tang |
| author_facet | Yanbing Sun Hui Zhong Yuning Wang Yuhan Pan Decai Tang |
| author_sort | Yanbing Sun |
| collection | DOAJ |
| description | IntroductionChina’s manufacturing sector is a cornerstone of its industrial system. However, some parts of China are dominated by heavy chemicals, which leads to severe environmental pollution. The emergence of green finance (GF) can influence social capital to gradually withdraw from companies that emit pollution and increase investment in environmentally friendly ones.MethodsThis paper selects the data related to GF and the manufacturing industry (MI) from 2011 to 2020 by exploring the effect of GF on the transformation and upgrading of manufacturing industries (MIU) through literature analysis and the Spatial Durbin model.ResultsThe results demonstrate that GF positively influences the promotion of MIU, whereas MIU has a good spatial spillover effect. The results of this regression remain robust after a series of tests.DiscussionThis research suggests that the government and enterprises should pay attention to GF and encourage more enterprises to take the initiative to adjust the industrial direction and achieve a clean upgrade in manufacturing. |
| format | Article |
| id | doaj-art-dcf3f5408f594004b5b81acb8bdeeaa6 |
| institution | OA Journals |
| issn | 2296-665X |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj-art-dcf3f5408f594004b5b81acb8bdeeaa62025-08-20T02:09:55ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2024-10-011210.3389/fenvs.2024.14736211473621The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of ChinaYanbing Sun0Hui Zhong1Yuning Wang2Yuhan Pan3Decai Tang4School of Foreign Languages, Jiangsu Open University, Nanjing, ChinaSchool of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing, ChinaCuiying Honors College, Lanzhou University, Lanzhou, ChinaSchool of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing, ChinaSchool of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing, ChinaIntroductionChina’s manufacturing sector is a cornerstone of its industrial system. However, some parts of China are dominated by heavy chemicals, which leads to severe environmental pollution. The emergence of green finance (GF) can influence social capital to gradually withdraw from companies that emit pollution and increase investment in environmentally friendly ones.MethodsThis paper selects the data related to GF and the manufacturing industry (MI) from 2011 to 2020 by exploring the effect of GF on the transformation and upgrading of manufacturing industries (MIU) through literature analysis and the Spatial Durbin model.ResultsThe results demonstrate that GF positively influences the promotion of MIU, whereas MIU has a good spatial spillover effect. The results of this regression remain robust after a series of tests.DiscussionThis research suggests that the government and enterprises should pay attention to GF and encourage more enterprises to take the initiative to adjust the industrial direction and achieve a clean upgrade in manufacturing.https://www.frontiersin.org/articles/10.3389/fenvs.2024.1473621/fullgreen financemanufacturing industrytransformation and upgradingspatial durbin modelYangtze River economic belt (YREB) |
| spellingShingle | Yanbing Sun Hui Zhong Yuning Wang Yuhan Pan Decai Tang The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China Frontiers in Environmental Science green finance manufacturing industry transformation and upgrading spatial durbin model Yangtze River economic belt (YREB) |
| title | The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China |
| title_full | The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China |
| title_fullStr | The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China |
| title_full_unstemmed | The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China |
| title_short | The effect of green finance on the transformation and upgrading of manufacturing industries in the Yangtze River economic belt of China |
| title_sort | effect of green finance on the transformation and upgrading of manufacturing industries in the yangtze river economic belt of china |
| topic | green finance manufacturing industry transformation and upgrading spatial durbin model Yangtze River economic belt (YREB) |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2024.1473621/full |
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