Enterprise financial management and fossil fuel energy efficiency for green economic growth

被引：4
作者：
Zhang, Pei [1 ]
Hao, Dongyang [2 ]
机构：
[1] Xian Univ Finance & Econ, Sch Business, Dept Finance Management, Xian 710100, Peoples R China
[2] East China Normal Univ, Fac Econ & Management, Dept Accounting, Shanghai 200062, Peoples R China
来源：
RESOURCES POLICY | 2023年 / 84卷
关键词：
Fossil fuel resource efficiency; Green growth; growth Digital finance; Digital Panel co-integration approach; China; INDUSTRY;
D O I：
10.1016/j.resourpol.2023.103763
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
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.
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页数：7
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