التفاصيل البيبلوغرافية
| العنوان: |
Sustainable Financing Efficiency and Environmental Value in China’s Energy Conservation and Environmental Protection Industry under the Double Carbon Target |
| المؤلفون: |
Baohong Li, Yingdong Huo, Shi Yin |
| المصدر: |
Sustainability; Volume 14; Issue 15; Pages: 9604 |
| بيانات النشر: |
Multidisciplinary Digital Publishing Institute |
| سنة النشر: |
2022 |
| المجموعة: |
MDPI Open Access Publishing |
| مصطلحات موضوعية: |
environmental value, financing efficiency, DEA model, Tobit model, financing methods |
| جغرافية الموضوع: |
agris |
| الوصف: |
Difficulty in financing and low financing efficiency is one of the bottlenecks that restrict the high-quality development of China’s energy-saving and environmental protection industry and economy. The key to improving financing efficiency is to understand its influencing factors. This paper uses data envelopment analysis (DEA) and the Malmquist index to measure the overall financing efficiency and the efficiency of different financing methods of 205 Chinese energy-saving and environmental protection industries from 2015 to 2020 from static and dynamic perspectives, respectively, as well as the Tobit model to estimate the impact of factors such as the digital transformation and green technological innovation of enterprises on financing efficiency. The study shows the following: (1) Static analysis shows that: the financing efficiency of the comprehensive technical efficiency of China’s energy conservation and environmental protection industry is less than one, 5.8% to 23.41% of enterprises have very effective comprehensive technical financing efficiency, and fewer than 9% enterprises have very effective scale efficiency levels. Enterprises may have more room for improving their financing efficiency in the future. The four types of financing are, namely, internal financing, equity financing, fiscal financing, and debt financing, in descending order of efficiency. (2) Dynamic analysis shows that the financing efficiencies of debt financing and fiscal financing are both on an upward trend, while internal and equity financing efficiencies are on a downward trend. Additionally, the technological progress change index and scale efficiency are two key factors affecting the financing efficiency of different financing methods. (3) In terms of financing methods, the comprehensive technical efficiency and scale efficiency of endogenous financing and equity financing are high, while the comprehensive technical efficiency and scale efficiency of debt financing and fiscal financing are low and flat. (4) Digital ... |
| نوع الوثيقة: |
text |
| وصف الملف: |
application/pdf |
| اللغة: |
English |
| Relation: |
Economic and Business Aspects of Sustainability; https://dx.doi.org/10.3390/su14159604 |
| DOI: |
10.3390/su14159604 |
| الاتاحة: |
https://doi.org/10.3390/su14159604 |
| Rights: |
https://creativecommons.org/licenses/by/4.0/ |
| رقم الانضمام: |
edsbas.1D6E6515 |
| قاعدة البيانات: |
BASE |