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  • 标题:Green investment strategies and bank-firm relationship: a firm-level analysis
  • 本地全文:下载
  • 作者:Pasquale Marcello Falcone
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2018
  • 卷号:38
  • 期号:4
  • 页码:1-16
  • 出版社:Economics Bulletin
  • 摘要:This paper investigates the determinants of firm's green investment strategies in equipment for pollution control. It uses micro-data from a large survey of Italian manufacturing firms from 2001 to 2006. In particular, we test whether the length of the firm-bank relationship affects the firm's probability of investing in environmentally friendly equipment. Our findings show that a longer relationship with the main bank fosters firms' involvement in green investment strategies in order to reduce their environmental impact. Conversely, the presence of a multiple credit relationship could concretely hinder a firm's investments towards environmental innovations.
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