| Title |
Financial-industrial integration, green technology innovation, and enterprise's green development performance: an empirical analysis of 625 listed industrial enterprises of China |
| ID_Doc |
30532 |
| Authors |
Li, Z; He, LY; Zhong, ZQ; Xia, YF |
| Title |
Financial-industrial integration, green technology innovation, and enterprise's green development performance: an empirical analysis of 625 listed industrial enterprises of China |
| Year |
2024 |
| Published |
Environment Development And Sustainability, 26, 2 |
| DOI |
10.1007/s10668-022-02869-4 |
| Abstract |
Based on the panel data of 625 industrial listed enterprises of China from 2012 to 2020, this paper employs the method of propensity score matching-difference in difference to investigate the effect of financial-industrial integration on the enterprise's green development performance and the moderating role of green technology innovation on the relationship between the two is also addressed. It finds that first, financial-industrial integration has a significant promoting effect on the improvement in green development performance of enterprises, and green technology innovation has a positive moderating effect on the relationship between the two. In addition, the effect of financial-industrial integration on enterprise's economic and social performance is not significant, and it mainly promotes enterprise's green development by stimulating environmental performance. Moreover, the degree of financial-industrial integration has a moderate range in which the role of financial-industrial integration can be better played. Further, compared with state-owned enterprise and large-scale enterprise, financial-industrial integration is more conducive to the green development of non-state-owned enterprises and small-scale enterprises. |
| Author Keywords |
Financial-industrial integration; Green technology innovation; Enterprise's green development performance; PSM-DID |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED) |
| EID |
WOS:000904028200003 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
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