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Fintech, financing constraints and corporate green innovation

Author

Listed:
  • Li, Yuan
  • Chu, Erming
  • Nie, Shiqi
  • Peng, Xiaoyan
  • Yi, Yuyao

Abstract

This study comprehensively analyzes the panel data of 4195 listed companies in the A-share market during the period from 2011 to 2022, aiming to explore the mechanism of fintech's influence on corporate green innovation. The study adopts a two-way fixed effects model to confirm the positive association between fintech and corporate innovation, and reveals the role of fintech in promoting corporate innovation output by alleviating financing constraints with the help of a mediated effects model. The findings suggest that FinTech not only directly promotes firms' innovation activities, but also provides important support for firms' innovation by reducing financing constraints, a finding that is confirmed by a series of robustness tests.

Suggested Citation

  • Li, Yuan & Chu, Erming & Nie, Shiqi & Peng, Xiaoyan & Yi, Yuyao, 2024. "Fintech, financing constraints and corporate green innovation," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    • Handle: RePEc:eee:finana:v:96:y:2024:i:pa:s1057521924005829
    DOI: 10.1016/j.irfa.2024.103650
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    References listed on IDEAS

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