Green finance and corporate green innovation

Hao Lei, Renyuan Gao, Chutong Ning and Guanglin Sun

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This study examined the impact of green finance on corporate green innovation in China. We explored how green finance mitigates financing constraints and encourages research and development (R&D) investment to foster green innovation using panel data from Chinese A-share listed firms from 2012 to 2021. The findings indicate that green finance mitigates financing constraints and encourages R&D investment. The results offer valuable insights for policymakers to strengthen green finance policies while facilitating sustainability in corporate development.

Keywords: Green finance; Corporate green innovation; Financing constraint; Research and development investment (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324016064

DOI: 10.1016/j.frl.2024.106577

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