Abstract
Green finance is an important guarantee to promote the development and structural transformation of green industries in China and is also the power source to implement the concept of green development during the "13th Five-Year Plan". The development of green finance is inseparable from the support of financial and taxation policies. Based on this background, there is a certain connection between green finance and corporate values. When companies strengthen their political relations, there will be certain positive and negative effects on the company's future development. Green development should be the goal, and the financial and tax performance of companies should be enhanced in strengthening the development of green finance. The most important thing for companies, regardless of the industry, is to interact with the government to improve their development goals and performance, maintain their rights and interests through political relations and policies, and obtain government support to achieve sustainable development of the company. Therefore, this study focuses on the political relationship between green finance development and financial performance and examines the intervention of political ties on corporate green investment and corporate performance. The results confirm that politically connected companies have more resources and protect the natural environment while improving their financial performance.
Highlights
Research Background and Research PurposeResearch Background The current financial system creates and trades financial assets to achieve sustainable development and provide greater access to financial services and people
The two purposes of green finance are to be able to reduce the perception of risks in the current financial market, to achieve the purpose of low cost in the broader economy and environment, to combine the support of environmental protection policies, and to use the development of technology to make the economy environmentally-friendly (Khoshnava et al, 2019; Chen et al, 2021)
The fourth section discusses the current situation in terms of fiscal policy in China today. It discusses the political relationship between green finance development and fiscal business and the analysis results to propose reform ideas to promote green finance budgetary policy
Summary
Research Background The current financial system creates and trades financial assets to achieve sustainable development and provide greater access to financial services and people. The two purposes of green finance are to be able to reduce the perception of risks in the current financial market, to achieve the purpose of low cost in the broader economy and environment, to combine the support of environmental protection policies, and to use the development of technology to make the economy environmentally-friendly (Khoshnava et al, 2019; Chen et al, 2021). Connected companies, supported by policies, can get financial incentives to access more funds and opportunities and expand their environmental performance towards sustainable development. In the development of green finance, political connections can help companies obtain more preferential treatment and government funding, significantly improving their earnings and financial performance and forming a more influential corporate reputation in the market. It is hoped that improving company performance will bring important development channels, have a particular economic impact, and provide all experience and reference
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