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Fintech and corporate green technology innovation: Impacts and mechanisms.

Authors :
Xue, Qihang
Bai, Caiquan
Xiao, Weiwei
Source :
Managerial & Decision Economics; Dec2022, Vol. 43 Issue 8, p3898-3914, 17p
Publication Year :
2022

Abstract

This paper uses the number of green patents granted of listed companies and the number of fintech companies in prefecture‐level cities in China from 2011 to 2018 to investigate the impact of fintech development on corporate green technology innovation and its mechanisms. We find that fintech can significantly promote corporate green technology innovation. Specifically, the promotion effect of fintech works through three channels: alleviating financing constraints, gathering scientific and technological talents, and optimizing environmental regulations. Heterogeneity tests find that its promotion effect is more significant for the eastern region, invention patents, state‐owned enterprises, and low environmental uncertainty. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01436570
Volume :
43
Issue :
8
Database :
Complementary Index
Journal :
Managerial & Decision Economics
Publication Type :
Academic Journal
Accession number :
160233374
Full Text :
https://doi.org/10.1002/mde.3636