How digital finance affects the sustainability of corporate green innovation

Jinxuan Yang and Ning Hui

Finance Research Letters, 2024, vol. 63, issue C

Abstract: Through analysis, this study finds that digital finance can promote green innovation by alleviating financing constraints and reducing financing costs, with ESG ratings playing a moderating role in this relationship. Heterogeneity analysis reveals that the impact of digital finance on green innovation is more significant in non-high-tech and non-high-pollution industries. The findings provide strategic recommendations for policymakers to promote corporate green innovation and indicate directions for future related research.

Keywords: Digital finance; Green innovation; Financing constraints; Financing costs; ESG (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324003441
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003441

DOI: 10.1016/j.frl.2024.105314

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().