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在“双碳”背景下,国家不断完善绿色金融领域的顶层设计,引导资金流向环保领域,倒逼重污染企业加快绿色转型速度。采用2012—2024年中国沪深A股重污染行业的上市公司数据考察绿色金融对重污染企业ESG(环境、社会和治理)表现的影响。研究发现:绿色金融发展对重污染企业ESG表现具有显著的正向影响,且这一正向作用在国有企业、非高科技企业和机构投资者持股比例较高的重污染企业中表现更为明显;机制研究表明,绿色金融发展通过提升重污染企业的绿色创新数量和质量,进而促进重污染企业ESG表现的提升;绿色金融对重污染企业ESG表现的提升受到外部条件和内部条件的双重影响;环境规制有利于绿色金融发展对重污染企业ESG表现的促进效应,提升高管绿色认知可增强绿色金融发展对重污染企业的正向影响。研究厘清了绿色金融发展推动重污染企业ESG表现的内在逻辑,为重污染企业进行低碳转型提供政策启示。

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绿色金融发展如何引导企业“向绿而行”?———基于重污染行业上市企业的经验证据
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张克雯 1, , 邓杰轩 1,
科技和产业 | 2026,26(9): 244-254
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科技和产业 2026 , 26 (9) : 244 -254
绿色金融发展如何引导企业“向绿而行”?———基于重污染行业上市企业的经验证据
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张克雯1, , 邓杰轩1,
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  • 1. 贵州财经大学应用经济学院,贵阳550025
  • 2. 贵州财经大学应用经济学院,贵阳550025
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出版时间: 2026-05-10
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在“双碳”背景下,国家不断完善绿色金融领域的顶层设计,引导资金流向环保领域,倒逼重污染企业加快绿色转型速度。采用2012—2024年中国沪深A股重污染行业的上市公司数据考察绿色金融对重污染企业ESG(环境、社会和治理)表现的影响。研究发现:绿色金融发展对重污染企业ESG表现具有显著的正向影响,且这一正向作用在国有企业、非高科技企业和机构投资者持股比例较高的重污染企业中表现更为明显;机制研究表明,绿色金融发展通过提升重污染企业的绿色创新数量和质量,进而促进重污染企业ESG表现的提升;绿色金融对重污染企业ESG表现的提升受到外部条件和内部条件的双重影响;环境规制有利于绿色金融发展对重污染企业ESG表现的促进效应,提升高管绿色认知可增强绿色金融发展对重污染企业的正向影响。研究厘清了绿色金融发展推动重污染企业ESG表现的内在逻辑,为重污染企业进行低碳转型提供政策启示。

绿色金融  /  重污染企业  /  ESG(环境、社会和治理)  /  绿色创新  /  环境规制  /  高管绿色认知
张克雯, 邓杰轩. 绿色金融发展如何引导企业“向绿而行”?———基于重污染行业上市企业的经验证据. 科技和产业, 2026 , 26 (9) : 244 -254 .

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2026年第26卷第9期
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  • 接收时间:2025-12-08
  • 首发时间:2026-10-27
  • 出版时间:2026-05-10
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  • 收稿日期:2025-12-08
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    1. 贵州财经大学应用经济学院,贵阳550025
    2. 贵州财经大学应用经济学院,贵阳550025

通讯作者:

邓杰轩: 贵州财经大学应用经济学院,贵阳550025 邓杰轩(2001—),女,四川南充人,硕士研究生,研究方向为绿色金融。* 邓杰轩(2001—),女,四川南充人,硕士研究生,研究方向为绿色金融。
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2种不同金属材料的力学参数
科
Family
属数
Number of
genus
种数
Number of
species
占总种数比例
Percentage of
total species (%)
属
Genus
种数
Number of
species
占总种数比例
Percentage of total
species (%)
鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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