As a core component of China’s green financial system, green credit plays a pivotal role in facilitating corporate green transformation and the realization of the Dual Carbon goals. This paper presents a systematic review of research concerning the impact of green credit policy on corporate green transformation, constructing an analytical framework across four dimensions: policy effects, transmission mechanisms, influencing factors and firm heterogeneity. Findings indicate the influence of green credit policy on corporate behavior via resource allocation, cost constraints and signaling effects, subject to moderation by factors such as risk-taking levels, environmental regulation intensity, property rights and firm size. While existing literature has achieved significant results in policy evaluation, mechanism identification, and heterogeneity analysis, scope remains for expansion in long-term effect tracking, mechanism deepening and regional disparity research. Based on a summary of current studies, this paper proposes a future research focus on policy synergies, dynamic evolutionary patterns and micro-mechanisms, providing theoretical references for the refinement of the green financial policy system and the promotion of high-quality economic development.

Zhuo Li, Yuting Huang, Danping Mo. A Review of Green Credit Policy and Corporate Green Transformation. Academic Journal of Business & Management (2025), Vol. 7, Issue 12: 64-73. https://doi.org/10.25236/AJBM.2025.071209.

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