Abstract
In order to explore the influence of green credit on the optimization and rationalization of the industrial structure in China, based on the relevant data of the green credit balance, interest expenditure in six high-energy-consuming industries, and industrial structure in China from 2007–2019, the paper first measured the green credit index and the index of industrial structure optimization and rationalization by the methods of entropy weight and Theil index. Then, the coupling model was adopted to study the coupling degree and the coupling coordination degree between them, and the regression model was employed to further study the influence coefficient of green credit on the optimization and rationalization of industrial structure. Research showed that the degree of coupling between green credit and industrial structure rationalization presents three stages—extremely low coupling, low coupling, and moderate coupling—and the degree of coupling coordination presents two stages—extremely low coordination and low coordination. Similarly, the degree of coupling between them presents two stages—extremely low coupling and low coupling—and the degree of coupling coordination presents two stages—extremely low coordination and low coordination. Regression analysis showed that the influence coefficients of the green credit index on rationalization and optimization of industrial structure were 0.56 and 0.03, respectively, which supported the conclusion that the coupling degree between the former two is higher than that between the latter two on the one hand, and made it clear that green credit positively and effectively guides the rational allocation of resources and promotes secondary and tertiary industries on the other hand.
Highlights
Finance is the lever of economic development, and the rate of return has always been an important factor affecting the flow of funds
The results reported in this study show that, as an important part of green finance, green credit can influence the optimization and adjustment of the industrial structure by guiding the capital flow of financial institutions
From 2007 to 2019, the level of green credit in China continued to rise, which is inseparable from the rapid growth of the balance and proportion of green credit in
Summary
Finance is the lever of economic development, and the rate of return has always been an important factor affecting the flow of funds. Scholars at home and abroad have successively put forward the concepts of “environmental finance” and “green finance”. They believed that environmental finance refers to financial innovation activities carried out by the financial sector in order to meet the capital needs of the environmental protection industry [1,2]. It is a financing activity carried out by financial institutions to avoid risks caused by environmental problems and promote environmental protection [3].
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
