可持续城市建设对外资撤资的影响——来自中国低碳城市试点的经验证据

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-09 DOI:10.1016/j.frl.2025.107559

Qing-rui Yu, Yan-chen Cheng

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引用次数: 0

摘要

本文利用中国低碳城市的交错试点，在准自然实验环境下研究可持续城市建设对外资撤资的因果效应。本文以地级市和中国a股上市公司为样本，从2004年到2022年对这一问题进行了分析。我们的主要结果是LCCP减少了外国撤资。值得注意的是，这种效应仅在服务型和非资源型城市中显著。我们的研究表明，促进城市数字化转型和企业绿色技术创新等机制可以解释这种效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The impact of sustainable cities construction on foreign divestment: Empirical evidence from low-carbon city pilot in China

This article is focused on the causal effect of sustainable cities construction on foreign divestment in a quasi-natural experimental setting by leveraging the staggered pilots of low-carbon city in China. We analyse this problem by utilizing prefecture-level cities and Chinese A-share listed companies from 2004 to 2022. Our main result is that LCCP reduces foreign divestment. Notably, the effects are significant only in service-oriented and non-resource-based cities. We demonstrate that mechanisms such as promoting the digital transformation in cities and green technology innovation in enterprises can account for the effect.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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