From the period of reform and opening-up onward, China's economy has experienced fast growth. However, as China's economic development enters a new stage, the previous extensive economic growth model contradicts the current principles of green development. To further promote the coordinated development of economic growth and environmental protection, China has gradually adopted financial instruments to foster the green and sound development of its economy. As an essential part of the green financial system, green credit holds a key position in China's economic green transition. Scholars have conducted extensive research on the impacts of green credit policy, mainly focusing on its mechanism and economic consequences. Stock price volatility, a key indicator of capital market stability, reflects investors' valuation of firms' future prospects. A meaningful research question arises: Can green credit policy help firms mitigate stock price volatility and achieve more stable performance in the capital market? Against this backdrop, the paper selects Chinese A-share listed companies from 2008 to 2023 as the samples, and uses stock price volatility as the dependent variable. The difference- in-differences method (DID) is adopted to test the impact of green credit on stock price fluctuations. Additionally, tests were conducted separately for enterprises of different ownership types to see if there are differences in the impact of the green credit policy on different types of enterprises.

Jingyi Zhou. Empirical Study on the Impact of Green Credit Policy on the Volatility of Corporate Stock Price. International Journal of Business Management and Economics and Trade (2026), Vol. 7, Issue 1: 147-156. https://doi.org/10.38007/IJBMET.2026.070117.

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