Digital finance and green technology innovation: A dual path test based on market and government

Qingfeng Luo and Jingyuan Wang

Finance Research Letters, 2024, vol. 70, issue C

Abstract: This paper examines the impact of digital finance on green technological innovation from the dual perspectives of market and governmental. Our findings suggest digital finance significantly fosters green technological innovation through mechanisms such as market factor flows and environmental regulation performance. Further examination indicates that digital finance may lead to a "patent bubble trap". Heterogeneity analysis suggests that promoting government data openness and strengthening intellectual property protection can amplify the positive impact of digital finance on green technological innovation. This paper provides valuable insights into enhancing the functionality of digital finance and promoting the green transformation of the economy.

Keywords: Digital finance; Green technology innovation; Market factor flows; Environmental regulation performance; Government data openness; Intellectual property protection (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013126

DOI: 10.1016/j.frl.2024.106283

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