Financial Technology Empowers Enterprises’ Green Total Factor Productivity

Yifan Zheng (), Yujie Gong, Zhenning Zhang, Jiali Yao, Zuomin Gan and Tingyue Guan
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Yifan Zheng: Changchun University of Science and Technology
Yujie Gong: Changchun University of Science and Technology
Zhenning Zhang: Changchun University of Science and Technology
Jiali Yao: Changchun University of Science and Technology
Zuomin Gan: Changchun University of Science and Technology
Tingyue Guan: Changchun University of Science and Technology

A chapter in Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026), 2026, pp 617-623 from Springer

Abstract: Abstract Using data from Chinese A-share listed companies spanning 2007 to 2024, this study applies the SBM-Malmquist-Luenberger (SBM-ML) index to measure firms’ green total factor productivity (GTFP). It further adopts a panel double fixed-effects model, supplemented by robustness tests and instrumental variable methods, to systematically investigate the enabling effects of financial technology (fintech) on corporate GTFP and the heterogeneity of these effects. The results indicate that fintech significantly and positively promotes corporate GTFP—a conclusion that remains valid even after addressing endogeneity issues and conducting multiple robustness tests. At the regional level, fintech exerts a significant impact on GTFP in eastern and western China but has no significant effect in central China.

Keywords: FinTech; Green Total Factor Productivity; Corporate Green Transition (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-642-5_60

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DOI: 10.2991/978-94-6239-642-5_60

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