The Impact of Green Credit Policies on the Skill Structure of Corporate Labor Forces: Empirical Evidence from Enterprises in China

This research employs a DID model using listed company data to explore how green credit policies affect the skill structure of corporate R&D labor and the mechanisms behind this effect. We find that green credit policies, through financial incentives, promote firms’ green technological innovation, increase their demand for high-skilled labor, and facilitate the optimization and upgrading of corporate labor structures. Moreover, these policies effectively curb greenwashing behavior, drive genuine environmental actions within firms, and encourage adjustments in corporate skill labor structures. Our results further show that small and medium sized enterprises and firms located in central and western regions experience larger effects from green credit policies, owing to their higher organizational flexibility and greater funding needs. This research provides empirical evidence and policy implications for the effective implementation of green credit policies.