| Title |
Does digital finance drive the green level of transportation companies? Coordination effects of governmental digital preference |
| ID_Doc |
62109 |
| Authors |
Zhao, RZ; Wu, J; Sun, JS |
| Title |
Does digital finance drive the green level of transportation companies? Coordination effects of governmental digital preference |
| Year |
2024 |
| Published |
Journal Of Management Science And Engineering, 9, 3 |
| DOI |
10.1016/j.jmse.2024.05.004 |
| Abstract |
This paper examines the influence of digital finance (DF) on the green level of transportation companies (GLTC, n 1/4 112) listed on the Chinese A-share market from 2011 to 2021 through moderation and mediation models. According to the conclusions, first, a significantly positive correlation exists between DF and GLTC. Second, DF indirectly promotes GLTC by enhancing corporate value and alleviating financing constraints. Both enterprise value and financing constraints have a chain mediation effect. Third, the government's digital preference can enhance the role of DF in promoting GLTC and alleviating financing constraints. In addition, governmental digital preference can moderate the impact of financing constraints on GLTC. Fourth, the effect of DF on GLTC exhibits regional, scale, and ownership heterogeneities. Drawing on the conclusions of the empirical analysis, several pertinent recommendations are proposed from micro and macro perspectives. (c) 2024 China Science Publishing & Media Ltd. Publishing Services by Elsevier B.V. on behalf of KeAi Communications Co. Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
| Author Keywords |
Digital finance; Green development; Listed company; Chain mediation model; Moderated mediation model |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Emerging Sources Citation Index (ESCI) |
| EID |
WOS:001273274200001 |
| WoS Category |
Business, Finance; Economics; Management; Operations Research & Management Science |
| Research Area |
Business & Economics; Operations Research & Management Science |
| PDF |
https://doi.org/10.1016/j.jmse.2024.05.004
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