Green finance and the relationship with goodwill: A study based on the perspectives of accounting information quality and financing constraints
International Review of Economics & Finance, ISSN: 1059-0560, Vol: 93, Page: 833-846
2024
- 2Citations
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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 paper uses data from Chinese listed companies between 2007 and 2020, obtaining a sample of 28,513 valid A-share listed companies. Various regression tests are employed to verify the relationship between green finance and corporate goodwill. Additionally, robustness tests, including the substitution of key variables, narrowing the time window, and introducing a one-period lag for the independent variable, consistently show a positive relationship. Based on these findings, the paper concludes that the development of green finance enhances the goodwill value of enterprises. Furthermore, the study reveals that the development of green finance improves the accounting information quality of enterprises, reduces financing constraints, and subsequently enhances the goodwill value of companies. Presently, there is a scarcity of research examining the correlation between green finance and corporate goodwill value. This study provides a valuable supplement to understanding the impact of green finance development on corporate behavior and holds significance in research.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S1059056024002156; http://dx.doi.org/10.1016/j.iref.2024.03.051; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85189548032&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S1059056024002156; https://dx.doi.org/10.1016/j.iref.2024.03.051
Elsevier BV
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