| Title | Digital finance and corporate green innovation: quantity or quality? |
|---|---|
| ID_Doc | 62051 |
| Authors | Rao, SY; Pan, Y; He, JN; Shangguan, XM |
| Title | Digital finance and corporate green innovation: quantity or quality? |
| Year | 2022 |
| Published | Environmental Science And Pollution Research, 29, 37 |
| Abstract | Recently, the rapid development of digital finance in China has exerted a subtle influence on many aspects of social and economic development. However, the research on the impact of digital finance on corporate green innovation is rather lacking. In order to fill this gap, this paper uses the "Peking University Digital Finance Index" to evaluate the micro impact of financial innovation development on environmental governance from the firm level. The results show that digital finance can significantly improve the quantity and quality of corporate green innovation, and this effect still exists after considering endogeneity and a series of robustness tests. The promotion effect of digital finance on the quantity and quality of corporate green innovation is more obvious in state-owned, eastern, and mature enterprises. In addition, we find the mechanism behind the positive relationship between digital finance and corporate green innovation: digital finance makes firms more transparent and funds flow more convenient. Overall, this paper provides a micro explanation of environmental governance for the accelerated popularization of digital finance in emerging markets, which is urgently needed for most emerging economies seeking high-quality development. |
Similar Articles
| ID | Score | Article |
|---|---|---|
61986
|
Liu, JM; Jiang, YL; Gan, SD; He, L; Zhang, QF Can digital finance promote corporate green innovation?(2022)Environmental Science And Pollution Research, 29, 24 | |
| 62378
|
Ding, Q; Huang, JB; Chen, JY Does digital finance matter for corporate green investment? Evidence from heavily polluting industries in China(2023) | |
| 35270
|
Kong, T; Sun, RJ; Sun, GL; Song, YT Effects of Digital Finance on Green Innovation considering Information Asymmetry: An Empirical Study Based on Chinese Listed Firms(2022)Emerging Markets Finance And Trade, 58, 15 | |
| 62198
|
Li, X; Shao, XF; Chang, TY; Albu, LL Does digital finance promote the green innovation of China?s listed companies?(2022) | |
| 30130
|
Li, N; Zhou, YF Can digital financial development promote corporate green technology innovation?(2024) | |
| 61987
|
Xue, Q; Liu, XQ Can digital finance boost corporate green innovation(2024) | |
| 30099
|
Feng, SL; Zhang, R; Li, GX Environmental decentralization, digital finance and green technology innovation(2022) | |
| 62559
|
Yu, XX Potential contributions of digital finance to alleviating the 'low-end lock-in' dilemma for green innovation in enterprises(2024)Environmental Research Communications, 6, 5 | |
| 30491
|
Lin, BQ; Ma, RY How does digital finance influence green technology innovation in China? Evidence from the financing constraints perspective(2022) | |
| 62696
|
Han, LZ; Zhang, ZA Impact of digital finance on enterprise green innovation: From the perspective of information asymmetry, consumer demand and factor market distortions(2023)Plos One, 18, 12 |