HIGHLIGHTS
SUMMARY
The differential allocation policy of green credit may intensify the rent-seeking behavior of high-polluting enterprises and make the market strategy choice of high-polluting enterprises contradict with the government`s sustainable development strategy choice. At the same time, the authors also found that although the green credit guidelines reduced the profitability of highly polluting enterprises, they did not increase the risk of highly polluting Green credit and market expansion strategy of high pollution enterprises enterprises. From Table 10, the proportion of negative financial news of high polluting enterprises increased by 2.82 . . .
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