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Sustainable development in the context of pandemic: the impact of COVID-19 pandemic on green investment
- Source :
- Frontiers in Ecology and Evolution, Vol 12 (2024)
- Publication Year :
- 2024
- Publisher :
- Frontiers Media S.A., 2024.
-
Abstract
- Promoting green investment is the inevitable choice for sustainable economics against climate change. We examine how the COVID-19 pandemic affected corporate green investment. Using a sample of publicly listed firms in China, we document the negative and significant effect of the COVID-19 pandemic on corporate green investment. Further analyses suggest that the COVID-19 pandemic impeded corporate green investment by exacerbating firms’ financial constraints. We also find that the COVID-19 pandemic had no significant effect on total investment, suggesting that the pandemic shock only changed investment structure. In summary, our findings reveal the real effects of the COVID-19 pandemic on green development at the firm level.
Details
- Language :
- English
- ISSN :
- 2296701X
- Volume :
- 12
- Database :
- Directory of Open Access Journals
- Journal :
- Frontiers in Ecology and Evolution
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.6351ab62f9ea4481aee2a28c4f31009c
- Document Type :
- article
- Full Text :
- https://doi.org/10.3389/fevo.2024.1363842