 Enterprise financial management and fossil fuel energy efficiency for green economic growthPei Zhang and Dongyang Hao Resources Policy, 2023, vol. 84, issue C Abstract: This paper measures the associations between digital financial development and fossil fuel resource efficiency with green growth for 100 A-listed Chinese companies from 2010 to 2021. Employing the CUM-FM panel co-integration estimator, the findings confirmed that the fossil fuel resource efficiency positively affects the green growth of the examined enterprises. The development of digital finance in the financial sector of the companies studied in China has positive and significant coefficients. Moreover, there is a bi-directional causality nexus between fossil fuel efficiency –green growth, where an uni-directional causality nexus exists from digital finance to green growth in the examined Chinese enterprises. The provided insights by this research recommend policymakers and enterprises develop the green R&D (Research & Development) investment, implementation of the “ICT (Information and Communication Technology) equality” plans in different provinces, and promotion of green employment. Keywords: Fossil fuel resource efficiency; Green growth; Digital finance; Panel co-integration approach; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:84:y:2023:i:c:s0301420723004749 DOI: 10.1016/j.resourpol.2023.103763 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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