Fintech and corporate green technology innovation: Impacts and mechanisms

Qihang Xue, Caiquan Bai and Weiwei Xiao

Managerial and Decision Economics, 2022, vol. 43, issue 8, 3898-3914

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.

Date: 2022
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https://doi.org/10.1002/mde.3636

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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:43:y:2022:i:8:p:3898-3914

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