Plausibly Exogenous [1521] - Green Credit Policy (04/01/2024)
LHS Variable
Investment-cash flow sensitivity
RHS Variable
Cost of external financing
Source of Exogenous Variation
Implementation of the green credit policy (GCP) in China as a shock to the cost of external financing faced by heavily polluting enterprises
- Zhao, Huang, and Liu (2023), “Green credit policy and investment-cash flow sensitivity: Evidence from a quasi-natural experiment”