Examining the role of green financing on the financial success of private companies with the mediation role of green investment
Subject Areas : Journal of Capital Market Analysis
Shayan Rouhani Rad
1
(
Department of Finance and Banking, Faculty of Accounting and Management, Allameh Tabatabai University, Tehran, Iran
)
Keywords: Environmental Protection, Green financing, green investment, financial success, private company,
Abstract :
Today, private companies in the competitive market and to achieve financial success must comply with the necessary environmental standards in the field of their production. The current research was conducted with the aim of investigating the role of green financing on the financial success of private companies with the intermediary role of green investment. This study has been conducted in terms of applied purpose, descriptive type and survey method. The statistical population in this study is 198 employees of private companies in Shiraz, who were selected by convenience sampling. In order to analyze the data, partial least squares method and Smart PLS-2 software were used. Convergent validity was used to measure validity, and Cronbach's alpha was used to measure reliability, and its coefficient is greater than 0.7 for all research constructs. The obtained results indicate that green financing has a positive and significant effect on the financial success of private companies. Also, the positive and significant effect of green financing on green investment was confirmed. Finally, the results of this research showed that green investment plays a mediating role between green financing and financial success of private companies.
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