| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15886 |
| DP15886 Managerial and Financial Barriers during the Green Transition | |
| Ralph De Haas; Ralf Martin; Mirabelle Muuls; Helena Schweiger | |
| 发表日期 | 2022-03-07 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We use data on 10,852 firms across 22 emerging markets to analyze how credit constraints and deficient firm management inhibit corporate investment in green technologies. For identification we exploit quasi-exogenous variation in local credit conditions. Our results indicate that both credit constraints and green managerial constraints slow down firm investment in more energy efficient and less polluting technologies. Complementary analysis of data from the European Pollutant Release and Transfer Register (E-PRTR) reveals the pollution impact of these constraints. We show that in areas where more firms are credit constrained and weakly managed, industrial facilities systematically emit more CO2 and other gases. This is corroborated by the finding that in areas where banks needed to deleverage more after the Global Financial Crisis, industrial facilities subsequently reduced their carbon emissions considerably less. On aggregate this kept CO2 emissions 5.6% above the level they would have been in the absence of credit constraints. |
| 主题 | Development Economics ; Financial Economics |
| 关键词 | Credit constraints Management practices Co2 emissions Energy efficiency |
| URL | https://cepr.org/publications/dp15886-3 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546055 |
| 推荐引用方式 GB/T 7714 | Ralph De Haas,Ralf Martin,Mirabelle Muuls,et al. DP15886 Managerial and Financial Barriers during the Green Transition. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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