Research on the Impact of Fintech on Corporate Green Innovation

Lei Shen () and Liangyuan Zhang ()
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Lei Shen: Wuhan University of Technology, School of Economics
Liangyuan Zhang: Wuhan University of Technology, School of Economics

A chapter in Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), 2024, pp 497-503 from Springer

Abstract: Abstract This study examines the effects of fintech development on green innovation of enterprises from the standpoint of financial mismatch using data on green patent applications from A-share listed companies from 2012 to 2021 of China. An index measuring the level of fintech development was created using the Baidu Index. A mechanism analysis reveals that financial mismatch inhibits efforts of enterprises to innovate in the green sector, whereas fintech, which relies on information technology, can enhance capacity of financial institutions to identify green risks, reduce information asymmetry, direct the precise flow of credit resources, reduce the impact of financial mismatch, and encourage enterprise green innovation.

Keywords: Fintech; Enterprise green innovation; Financial mismatch (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-459-4_57

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