关键词: 绿色企业；财务绩效；税收负担；企业社会责任

Abstract: Whether the green credit policy can enhance the financial performance of green enterprises is the key to promoting the greening and lowcarbonization of economic and social development and achieving the sustainable development of new quality productivity. With the panel data of Ashare listed companies from 2008 to 2022, the impact of green credit policy on the financial performance of green enterprises is investigated by using models such as double difference, on the basis of which robustness test and heterogeneity analysis are carried out. It is found that the green credit policy significantly improves the financial performance of green enterprises, and from the mechanism path, the green credit policy enhances the financial performance of green enterprises by reducing their tax burden and then improving their financial performance. The heterogeneity test found that the effect of green credit policy on financial performance is more significant in green enterprises with economically developed provinces, large scale and high proportion of fixed assets. Further research shows that CSR has a positive moderating effect in green credit policy to enhance the financial performance of green enterprises. The results will better serve the development of Chinas green and lowcarbon economy, realize the sustainable implementation of the policy, and provide a reference for green enterprises to participate in the green capital market more effectively.

Key words: green enterprise; financial performance; tax burden; corporate social responsibility