According to China’s green financial system (GFS) framework (2016), green investment is one of the key instruments to achieve sustainable development. This study intends to empirically evaluate the impact of China’s GFS framework on corporate green development. The study employed a...

According to China’s green finance policy 2016 (hereafter, green policy), investments in greener projects are one of the major tools for achieving sustainable development. A fundamental question is whether the green policy stimulate firms to undertake green investments, particularly those...