Green credit is a key policy tool for guiding high-polluting enterprises toward green transformation, but its effectiveness is often weakened by symbolic compliance and banks’ short-term profit pressures. To address these challenges, we develop a tripartite evolutionary game involving the government, banks, and high-polluting enterprises. Unlike existing studies that mainly adopt bilateral frameworks or treat corporate behavior as simple compliance, we distinguish between true green behavior and
Green credit incentive mechanisms: considering reputation, industry competition, and externalities of environmental behavior
Liurong Zhao
