Can digital finance boost corporate green innovation

Qing Xue and Xiangqin Liu

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: This paper explores the impact of digital finance (DF) on firms’ green innovation (GI) and finds that the development of DF is related to more GI. Besides, this effect is more notable in non-state-owned firms, firms in high-tech industries, or firms faced with a lower degree of market competition and non-east areas in China. We also find that DF can boost corporate GI by alleviating financing constraints and improving information transparency. Finally, results reveal that the DF development will bring an obvious enhancement in a firm's future accounting and market performance.

Keywords: Digital finance; Corporate green innovation; Financial performance (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s154461232400254x

DOI: 10.1016/j.frl.2024.105224

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