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Sponsored AI Networking Cookbook: Practical recipes for AI-assisted network automation and development AI Networking Cookbook: Practical recipes for AI-assisted network automation and development

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Open access Sep 2026

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After the enforcement of the green credit policy, do firms alleviate tightened external financing constraints by substituting toward alternative financing channels, or by engaging in green innovation to regain credit access? To address this question, we develop a theoretical framework that integrates heterogeneous fina...

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Does Green Finance Reform Promote Corporate Long-Term Investment? Evidence from China

We study the effects of green finance reform on firms’ long-term investment using data from a Chinese green finance pilot policy introduced in 2017 and panel data on listed firms covering an eleven-year period. We find that the policy significantly increases long-term investment, with the effect accounting for approxim...

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Green Finance Policy and Corporate Green Innovation: Empirical Evidence from Green Finance Reform and Innovation Pilot Zones

Green innovation is characterized by both dual externalities and long cycles, and generally faces financing constraints and governance deficiencies. Relying solely on market mechanisms is insufficient to fully unleash the vitality of corporate green innovation. Using Shanghai and Shenzhen A-share listed companies from...

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Green Financial Reform, Financial Resource Allocation, and Digital–Green Synergy: Evidence from Chinese Cities

China’s Green Financial Reform and Innovation Pilot Policy may help coordinate digital and green transformation. Using a panel of 284 Chinese cities from 2011 to 2021, this study treats the policy as a quasi-natural experiment and estimates its effects with a difference-in-differences approach. The estimated effect of...

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Open access Oct 2026

Environmental Protection Tax and Corporate Green Innovation Persistence: Evidence from China

Enhancing corporate green innovation persistence plays a vital role in shifting economic and social development toward greener, low-carbon models. This study treats the environmental protection tax (EPT) as an external institutional shock to the corporate green innovation system. Using data on Chinese A-share firms lis...

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