Access to capital and energy efficiency: How high-speed rail investments benefit high-tech firms
Journal of International Financial Markets, Institutions and Money, ISSN: 1042-4431, Vol: 91, Page: 101912
2024
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
This study examines how high-speed rail network impacts the energy consumption of hi-tech firms along the line. The results show that the opening of high-speed railway stations in a county leads to reduction in energy consumption by hi-tech firms in the county. This effect is stronger with increased density of railway lines in the region. The study identifies two key mechanisms underlying this effect: enhanced financing access and increased overseas outreach. Our findings reveal that improved financing access to public market capital, bank loans, and venture financing enables hi-tech firms to invest in international outreach activities. We also conduct additional analysis to explore nuanced conditions regarding the types of hi-tech firms that benefit the most from being located in a high-speed rail city. Contributions to the emerging field of corporate energy saving are discussed.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S1042443123001804; http://dx.doi.org/10.1016/j.intfin.2023.101912; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85182890111&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S1042443123001804; https://dx.doi.org/10.1016/j.intfin.2023.101912
Elsevier BV
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