{"id":"https://openalex.org/W4328108237","doi":"https://doi.org/10.3390/systems11030161","title":"Can the Greening of Financial Markets Be Transmitted to the Real Economy as Desired in China?","display_name":"Can the Greening of Financial Markets Be Transmitted to the Real Economy as Desired in China?","publication_year":2023,"publication_date":"2023-03-21","ids":{"openalex":"https://openalex.org/W4328108237","doi":"https://doi.org/10.3390/systems11030161"},"language":"en","primary_location":{"id":"doi:10.3390/systems11030161","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems11030161","pdf_url":"https://www.mdpi.com/2079-8954/11/3/161/pdf?version=1679881722","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2079-8954/11/3/161/pdf?version=1679881722","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101867460","display_name":"Jingxian Zhang","orcid":"https://orcid.org/0009-0000-4904-773X"},"institutions":[{"id":"https://openalex.org/I115592961","display_name":"Jiangsu University","ror":"https://ror.org/03jc41j30","country_code":"CN","type":"education","lineage":["https://openalex.org/I115592961"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jingxian Zhang","raw_affiliation_strings":["School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;","institution_ids":["https://openalex.org/I115592961"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5060402293","display_name":"Xuhui Ding","orcid":"https://orcid.org/0000-0001-5682-9019"},"institutions":[{"id":"https://openalex.org/I115592961","display_name":"Jiangsu University","ror":"https://ror.org/03jc41j30","country_code":"CN","type":"education","lineage":["https://openalex.org/I115592961"]},{"id":"https://openalex.org/I4210129658","display_name":"Institute of Industrial Economics","ror":"https://ror.org/03ad74s15","country_code":"CN","type":"facility","lineage":["https://openalex.org/I114218197","https://openalex.org/I4210129658"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xuhui Ding","raw_affiliation_strings":["Industrial Economics Research Institute, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;"],"raw_orcid":"https://orcid.org/0000-0001-5682-9019","affiliations":[{"raw_affiliation_string":"Industrial Economics Research Institute, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961","https://openalex.org/I4210129658"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;","institution_ids":["https://openalex.org/I115592961"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016745060","display_name":"Lingyan Bao","orcid":null},"institutions":[{"id":"https://openalex.org/I115592961","display_name":"Jiangsu University","ror":"https://ror.org/03jc41j30","country_code":"CN","type":"education","lineage":["https://openalex.org/I115592961"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Lingyan Bao","raw_affiliation_strings":["School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;","institution_ids":["https://openalex.org/I115592961"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102791580","display_name":"Yidi Zhang","orcid":"https://orcid.org/0000-0002-9618-1779"},"institutions":[{"id":"https://openalex.org/I115592961","display_name":"Jiangsu University","ror":"https://ror.org/03jc41j30","country_code":"CN","type":"education","lineage":["https://openalex.org/I115592961"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yidi Zhang","raw_affiliation_strings":["School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China;","institution_ids":["https://openalex.org/I115592961"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5060402293"],"corresponding_institution_ids":["https://openalex.org/I115592961","https://openalex.org/I4210129658"],"apc_list":{"value":1600,"currency":"CHF","value_usd":1782},"apc_paid":{"value":1600,"currency":"CHF","value_usd":1782},"fwci":1.2668,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.85625918,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"11","issue":"3","first_page":"161","last_page":"161"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9987000226974487,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9987000226974487,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9602000117301941,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.9265000224113464,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/green-economy","display_name":"Green economy","score":0.7365336418151855},{"id":"https://openalex.org/keywords/green-development","display_name":"Green development","score":0.6565150618553162},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5095117688179016},{"id":"https://openalex.org/keywords/sustainable-development","display_name":"Sustainable development","score":0.48087838292121887},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.4589172303676605},{"id":"https://openalex.org/keywords/panel-data","display_name":"Panel data","score":0.44028806686401367},{"id":"https://openalex.org/keywords/financial-services","display_name":"Financial services","score":0.42246904969215393},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3842131495475769},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3717750012874603},{"id":"https://openalex.org/keywords/economic-system","display_name":"Economic system","score":0.3205585181713104}],"concepts":[{"id":"https://openalex.org/C21839126","wikidata":"https://www.wikidata.org/wiki/Q598188","display_name":"Green economy","level":3,"score":0.7365336418151855},{"id":"https://openalex.org/C2776138137","wikidata":"https://www.wikidata.org/wiki/Q5603509","display_name":"Green development","level":3,"score":0.6565150618553162},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5095117688179016},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.48087838292121887},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4589172303676605},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.44028806686401367},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.42246904969215393},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3842131495475769},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3717750012874603},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.3205585181713104},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/systems11030161","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems11030161","pdf_url":"https://www.mdpi.com/2079-8954/11/3/161/pdf?version=1679881722","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:43387a3f266c436ab4a4ec745b63cf06","is_oa":true,"landing_page_url":"https://doaj.org/article/43387a3f266c436ab4a4ec745b63cf06","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems, Vol 11, Iss 3, p 161 (2023)","raw_type":"article"},{"id":"pmh:oai:mdpi.com:/2079-8954/11/3/161/","is_oa":true,"landing_page_url":"https://dx.doi.org/10.3390/systems11030161","pdf_url":null,"source":{"id":"https://openalex.org/S4306400947","display_name":"MDPI (MDPI AG)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210097602","host_organization_name":"Multidisciplinary Digital Publishing Institute (Switzerland)","host_organization_lineage":["https://openalex.org/I4210097602"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems; Volume 11; Issue 3; Pages: 161","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.3390/systems11030161","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems11030161","pdf_url":"https://www.mdpi.com/2079-8954/11/3/161/pdf?version=1679881722","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.46000000834465027}],"awards":[{"id":"https://openalex.org/G6751163674","display_name":null,"funder_award_id":"72204099","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320321605","display_name":"Government of Jiangsu Province","ror":"https://ror.org/004svx814"}],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4328108237.pdf"},"referenced_works_count":20,"referenced_works":["https://openalex.org/W2102490841","https://openalex.org/W2581879441","https://openalex.org/W2619957834","https://openalex.org/W2756961935","https://openalex.org/W2789346375","https://openalex.org/W2969463118","https://openalex.org/W3008142401","https://openalex.org/W3124572132","https://openalex.org/W3210156851","https://openalex.org/W3216213646","https://openalex.org/W3217322596","https://openalex.org/W4200205095","https://openalex.org/W4210522948","https://openalex.org/W4210802331","https://openalex.org/W4281998599","https://openalex.org/W4289529886","https://openalex.org/W4292177800","https://openalex.org/W4294147854","https://openalex.org/W4294953676","https://openalex.org/W4313029716"],"related_works":["https://openalex.org/W4388976922","https://openalex.org/W4210770109","https://openalex.org/W2992246834","https://openalex.org/W3185351554","https://openalex.org/W4200135027","https://openalex.org/W4379879237","https://openalex.org/W3165856158","https://openalex.org/W4387057349","https://openalex.org/W4281728304","https://openalex.org/W4304842771"],"abstract_inverted_index":{"The":[0,98,180],"greening":[1,200,219],"of":[2,10,22,49,55,146,175,184,201,220,234,245,251,262,278],"financial":[3,79,203,222,227,264],"markets":[4],"can":[5,196],"effectively":[6],"guide":[7],"the":[8,18,23,46,50,84,96,113,121,124,144,147,158,173,176,188,199,202,206,218,221,225,231,238,242,246,249,252,258,263,267,273,279],"flow":[9],"capital":[11],"to":[12,43,93,117,205,216,237],"green":[13,24,72,74,76,105,136,163,226,235,243,259,275],"and":[14,20,26,60,66,78,88,120,127,135,150,160,182,209,254,269,271],"environmental":[15],"industries,":[16],"prompt":[17],"upgrading":[19],"transformation":[21,232],"industry,":[25],"help":[27],"China":[28],"achieve":[29],"its":[30],"dual":[31],"carbon":[32],"goals.":[33],"This":[34],"paper":[35],"adopts":[36],"China\u2019s":[37,103],"inter-provincial":[38],"panel":[39,86],"data":[40],"from":[41],"2011":[42],"2020,":[44],"measures":[45],"development":[47,106,122,145,174,250,261,277],"level":[48],"real":[51,114,148,177,207,239,255],"economy":[52,115,208],"in":[53,111,123,157,266],"terms":[54],"innovation,":[56],"coordination,":[57],"green,":[58,119],"openness,":[59],"sharing":[61],"using":[62],"principal":[63],"component":[64],"analysis,":[65],"selects":[67],"core":[68],"indicators":[69],"such":[70,186],"as":[71,187],"credit,":[73],"insurance,":[75],"investment,":[77],"market":[80,204,265],"size.":[81],"In":[82],"addition,":[83],"fixed":[85],"model":[87,90],"differences-in-differences":[89],"are":[91],"used":[92],"carry":[94],"out":[95],"research.":[97],"results":[99],"show":[100],"that:":[101],"1.":[102],"high-quality":[104,274],"shows":[107],"an":[108],"upward":[109],"trend":[110],"general,":[112],"tends":[116],"be":[118],"east,":[125],"middle,":[126],"west":[128],"is":[129,154],"gradually":[130],"balanced;":[131],"2.":[132],"Green":[133,193],"credit":[134],"insurance":[137],"have":[138],"a":[139,166,192],"significant":[140,167],"inhibitory":[141,152],"effect":[142,153,170],"on":[143,171,190,248],"economy,":[149,240,256],"this":[151],"more":[155],"evident":[156],"middle":[159],"western":[161],"regions;":[162],"investment":[164],"has":[165],"positive":[168],"promotion":[169],"promoting":[172],"economy;":[178],"3.":[179],"promulgation":[181],"implementation":[183],"policies":[185],"Guidance":[189],"Building":[191],"Financial":[194],"System":[195],"significantly":[197],"promote":[198,210,217,257,272],"sustainable":[211,276],"development.":[212],"It":[213],"should":[214],"continue":[215],"market,":[223],"improve":[224],"service":[228],"system,":[229],"smooth":[230],"path":[233],"finance":[236],"strengthen":[241],"guidance":[244],"government":[247],"virtual":[253],"synergistic":[260],"east":[268],"west,":[270],"region.":[280]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1}],"updated_date":"2026-07-22T07:51:19.307946","created_date":"2025-10-10T00:00:00"}