Abstract

Based on the entropy weight TOPSIS method, this paper classifies the A-share listed companies from 2007 to 2020 into green enterprises and heavy pollution enterprises, and empirically studies the impact of green credit policy on enterprise investment scale and new bank loans. The results show that the green credit policy has a positive effect on the investment scale and new bank loans of green enterprises, and the hypothesis is still valid after entropy balance and many robustness tests. Secondly, the green credit policy is asymmetric, that is, the policy effect on state-owned enterprises, small and medium-sized enterprises and polluted areas is stronger.

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