Green Credit Policy and Maturity Mismatch Risk in Polluting and Non-Polluting Companies

A major issue is whether the implementation of China’s green credit policy will affect coordinated development corporate sustainable operations and environmental protection. This paper used a propensity score matching—difference-in-differences (PSM-DID) model to analyse impact implemented in 2012 on maturity mismatch risk between investment financing polluting non-polluting companies. We found that: (1) policies can help reduce for companies; (2) reduction short-term bank main way curb financing; (3) has no obvious mitigation effect among companies with protection investment; (4) more significant state-owned areas lower level financial development. The empirical results show that helps stimulate behaviour companies, as well helping alleviate capital chain caused by financing. In addition, despite heterogeneity, it solve contradiction economic