Digital finance, financing constraints, and green technological innovation: A spatial analysis

被引：17
作者：
Li, Bo [1 ]
Liu, Zhenya [1 ,2 ]
Jia, Xuemei
Ma, Fengping [1 ]
机构：
[1] Beijing Int Studies Univ, Business Sch, Beijing, Peoples R China
[2] EM Normandie Business Sch, Metis Lab, Caen, France
来源：
GLOBAL FINANCE JOURNAL | 2024年 / 61卷
关键词：
Financing constraints; Digital finance; Green technological innovation; Spatial Durbin model; GROWTH;
D O I：
10.1016/j.gfj.2024.100988
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study investigates the role of financing constraints in mediating the influence of digital finance on green technological innovations by using the spatial Durbin model. Based on the panel data of 273 Chinese cities from 2011 to 2020, the empirical results demonstrate that local and neighboring financing constraints mediate more than 50% of the direct impact of local digital finance on the quantity and quality of green innovation. Moreover, these financing constraints completely mediate the indirect impact of neighbors' digitalization levels, one of the three indicators of digital finance. This underscores the importance of addressing financing constraints and fostering regional cooperation to enhance the efficacy of digital finance in advancing green technology.
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页数：16
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