Do the Green Credit Guidelines Affect Renewable Energy Investment? Empirical Research from China

How to promote renewable energy investment is central transformation and green development. To take China’s “green credit guidelines” policy as a quasi-natural experiment, we investigate the impacts of on investment. Using samples 1021 Chinese listed enterprises during 2007–2017, find that: Firstly, introduction guidelines has promoted Secondly, short-term debts play mediating role in investment, while long-term masking role, financing constraints do not significant role. Thirdly, heterogeneous are reflected different ownerships enterprise scales, with state-owned small ones.