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Environmental science and pollution research international
May, 2022;29 (24): 35828-35840.

Can digital finance promote corporate green innovation?

Jiamin Liu, Yalin Jiang, Shengdao Gan, Ling He, Qingfeng Zhang
Author Information
  1. Jiamin Liu: Business School, Sichuan University, Chengdu, 610065, People's Republic of China.
  2. Yalin Jiang: School of Economics and Management, Southeast University, Nanjing, 211100, People's Republic of China. jiangyalin89@163.com. ORCID
  3. Shengdao Gan: Business School, Sichuan University, Chengdu, 610065, People's Republic of China.
  4. Ling He: Business School, Sichuan University, Chengdu, 610065, People's Republic of China.
  5. Qingfeng Zhang: School of Economics and Management, Southeast University, Nanjing, 211100, People's Republic of China.
PMID: 35061181 DOI: 10.1007/s11356-022-18667-4

Abstract

Green innovation is essential for improving the environment and realizing sustainable economic development. In this research, we use a sample of Chinese listed firms from 2011 to 2018 to examine whether and how digital finance affects corporate green innovation. The proof we provided shows that digital finance has a positive effect on green innovation. The result is consistent with a series of robustness tests. Further analyses show that digital finance promotes green innovation by alleviating financial constraints and increasing R&D investment. And the effect is more pronounced in economically backward regions and high-polluting industries. This research provides practical guidance for promoting finance development and improving the ecological environment.

Keywords

Corporate green innovation Digital finance Financial constraints R&D investment

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MeSH Term

China
Economic Development
Environment
Industry
Investments
Organizations
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