Green Credit and Carbon Emission Reduction Technology R&D for Competitiveness
Junlong Chen, Hongzuo Shang, Pao Li, Jiali Liu
Keywords:
green credit, carbon emission reduction technology R&D, competitiveness, environmental corporate social responsibility, nationalization
Abstract:
Emission reduction technology R&D is an important way to promote the competitiveness of
firms, and green credit plays an important role. Revealing the formation of green credit and
carbon emission reduction technology R&D decisions and their mechanism is of great
theoretical and practical significance for improving the green competitiveness of enterprises.
Using the sequential game method, this study constructs a supply chain model consisting of one
bank and two firms, analyzes the firms’ green credit decisions and carbon emission reduction
technology R&D decisions for competitiveness, considering R&D uncertainty, and expands the
model by introducing environmental corporate social responsibility (ECSR) and nationalization.
The results show that in Cournot competition, to ensure competitive advantage, only two cases
can be subgame perfect Nash equilibrium (SPNE), and emission reduction technology R&D
decisions are influenced by various factors, including carbon tax, deposit rate, and green credit
management level. After the introduction of the ECSR, the total loan amount and equilibrium
lending rate do not change, while under the nationalization policy, the total loan amount will
decrease, and the lending rate will increase. These findings have theoretical significance for
promoting carbon emission reduction technology R&D, optimizing green credit for banks,
improving the green competitiveness of firms, and formulating effective industrial and financial
policies for governments.
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 10.7441/joc.2024.04.12
Chen, J., Shang, H., Li, P., & Liu, J. (2024). Green Credit and Carbon Emission Reduction Technology R&D for Competitiveness. Journal of Competitiveness, 16(4), 242-256. https://doi.org/10.7441/joc.2024.04.12
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