数字金融能够促进企业绿色投资吗？——基于中国重污染行业上市公司的实证研究

数字金融实现了金融资源的高效配置,为重污染企业实现绿色转型提供了新机遇。基于2011—2021年中国重污染行业沪深A股723家上市公司的面板数据,实证分析数字金融发展对重污染企业绿色投资的影响及其传导机制。研究结果证实,数字金融发展能够显著提高重污染企业绿色投资水平,并通过一系列稳健性检验后该结论仍然成立。作用机制检验结果表明,数字金融可以通过缓解融资约束、抑制企业金融化进而提高重污染企业绿色投资水平。进一步分析发现,环境规制、分析师关注度正向调节了数字金融对重污染企业绿色投资的促进效果;数字金融仅对重污染行业中国有企业和大规模企业的绿色投资水平存在显著作用。最后,基于研究结论,提出推动数字金融发展与企业绿色投资的相关建议。     

BIOFUEL: Robbing Peter to Pay Paul?

Since the worsening global climate has worried people around the world,there is a rush to find answers.Many countries begin to substitute the greenhouse gas-emitting fossil fuels with biofuel,a kind of new energy processed from plants.There are two kinds of biofuel:ethanol,processed from sugarcane or corn,and biodiesel,made from biomass.     

Shaukat Aziz: Closer Ties with China Benefits Pakistan

China and Pakistan are good neighbors and time-honored friends. During the past 56 years of diplomatic relations, both sides have developed a special friendship which enjoys the fame of "All Weather Friendship".     

Balancing the Unbalance

In order to rein in the ex- cessively rapid growth in export and the widening trade surplus,the Chinese government has made a series of measures, such as the adjustment in export rebate and tariff upon some products,the change in the processing trade policies,and the amendment in former export-encouraging regulations.     

Challenges or Opportunities？——Developments of China＇s Grain Industry since WTO Entry

Agriculture is the foundation of the national economy,while grain is the cornet stone of that foundation.It is also essential for subsistence and development of the mankind. In recent years,especially since its entry into the WTO, China has been undergoing a period of twists and turns in the development of its grain production and trade which used to be sound and stable.[第一段]     

Continental Airlines and China Southern Airlines Announce Strategic Partnership

Frequent flyer reciprocity to start in Septem- ber;coclesharing to start in November. Continental Airlines and China Southern Airlines.the largest airline in the People's Repub- lic of China.announced on June 18.2007 that they have entered into a strategic partnership for     

Belgium： Heart of Europe

With an area of about the size of China's Hainan Island, the country lies at the very heart of a major urban and economic corridor running from Liverpool(Unit- ed Kingdom) to Genoa(Italy)where 60% of Europe's purchasing power and 30% of EU consumers are centered. That is Belgium.