The Impact of Industrial Enterprise Fintech on Green Production Efficiency from the Perspective of Green Inclusive Growth
Xiangcheng Wang ()
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Xiangcheng Wang: Lingnan University
A chapter in Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025), 2025, pp 465-477 from Springer
Abstract:
Abstract This study empirically investigates the impact of fintech on green production efficiency in industrial enterprises using 19,860 annual observations from Shanghai and Shenzhen A-share listed companies (2011-2023). By constructing an urban-level fintech development index and integrating corporate green patent data, financing constraints, and digital transformation levels, we examine how fintech drives green technological innovation. The findings demonstrate that fintech significantly boosts green patent applications, thereby enhancing green production efficiency through two primary pathways: alleviating financing constraints and facilitating digital transformation. Notably, high-tech firms, private enterprises, and those in eastern China show heightened sensitivity to fintech, achieving substantially greater benefits than other groups. Robustness tests and endogeneity controls confirm the reliability of the conclusions. The research reveals that fintech not only optimizes industrial financing environments but also accelerates digital transformation, providing new momentum for green innovation. These insights hold significant implications for achieving China’s “dual carbon” goals and promoting high-quality industrial development.
Keywords: fintech; industrial enterprises; green production efficiency; green technology innovation; financing constraints; digital transformation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-916-2_50
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DOI: 10.2991/978-94-6463-916-2_50
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