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.

引用

页数：16

共 31 条

[21] How does digital finance influence green technology innovation in China? Evidence from the financing constraints perspective [J].

Lin, Boqiang ;

Ma, Ruiyang .

JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2022, 320

[22] Can digital finance promote corporate green innovation? [J].

Liu, Jiamin ;

Jiang, Yalin ;

Gan, Shengdao ;

He, Ling ;

Zhang, Qingfeng .

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (24) :35828-35840

[23] Digital inclusive finance and corporate green technology innovation [J].

Ma, Kelin .

FINANCE RESEARCH LETTERS, 2023, 55

[24] A TEST FOR THE SERIAL INDEPENDENCE OF RESIDUALS [J].

MORAN, PAP .

BIOMETRIKA, 1950, 37 (1-2) :178-181

[25] Transition towards ecological sustainability through fiscal decentralization, renewable energy and green investment in OECD countries [J].

Sun, Yunpeng ;

Guan, Weimin ;

Razzaq, Asif ;

Shahzad, Mohsin ;

Nguyen Binh An .

RENEWABLE ENERGY, 2022, 190 :385-395

[26] Effect of green technology innovation on green total factor productivity in China: Evidence from spatial durbin model analysis [J].

Wang, Haoran ;

Cui, Herui ;

Zhao, Qiaozhi .

JOURNAL OF CLEANER PRODUCTION, 2021, 288

[27] Nexus analysis of financial management, digital finance and new technologies [J].

Wu, Juan .

GLOBAL FINANCE JOURNAL, 2023, 57

[28] Role of digital finance, investment, and trade in technological progress [J].

Xiao, Nanbing ;

Zhou, Jincheng ;

Fang, Xia .

GLOBAL FINANCE JOURNAL, 2023, 57

[29] Green process innovation and financial performance: The role of green social capital and customers' tacit green needs [J].

Xie, Xuemei ;

Hoang, Thu Thao ;

Zhu, Qiwei .

JOURNAL OF INNOVATION & KNOWLEDGE, 2022, 7 (01)

[30] Greenization of venture capital and green innovation of Chinese entity industry [J].

Zhang Wei ;

Jin Yuguo ;

Wang Jiaping .

ECOLOGICAL INDICATORS, 2015, 51 :31-41

← 1 2 3 4 →