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FinTech and corporate green innovation: An external attention perspective

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  • Li, Bo
  • Du, Jianguo
  • Yao, Tianhang
  • Wang, Quanding

Abstract

This paper examines the impact of FinTech on corporate green innovation. Constructing regional FinTech development indicators from 2011 to 2021, we find that regional FinTech growth significantly contributes to corporate green innovation. According to the mechanism test, external attention has a moderating effect on the relationship between FinTech and green innovation. The more external attention, the larger the influence of regional FinTech on promoting corporate green innovation, and this mechanism is more obvious when the firms are state-owned enterprises or with excellent ESG performance. Overall, this paper provides experience references for the collaborative promotion of FinTech and sustainable development.

Suggested Citation

  • Li, Bo & Du, Jianguo & Yao, Tianhang & Wang, Quanding, 2023. "FinTech and corporate green innovation: An external attention perspective," Finance Research Letters, Elsevier, vol. 58(PD).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323010334
    DOI: 10.1016/j.frl.2023.104661
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    Cited by:

    1. Zhang, Zuomin & Wu, Yingjue & Wang, Honglei, 2024. "Corporate financial fragility, R&D investment, and corporate green innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 62(PB).
    2. Wang, Zongrun & Cao, Xuxin & Ren, Xiaohang & Taghizadeh-Hesary, Farhad, 2024. "Can digital transformation affect coal utilization efficiency in China? Evidence from spatial econometric analyses," Resources Policy, Elsevier, vol. 91(C).
    3. Arnone, Massimo & Leogrande, Angelo, 2024. "The Sustainability of the Factoring Chain in Europe in the Light of the Integration of ESG Factors," MPRA Paper 121342, University Library of Munich, Germany.
    4. Zhang, Haitian & Wang, Benxue, 2024. "Impacts of government ESG policies on corporate green innovation," International Review of Economics & Finance, Elsevier, vol. 94(C).
    5. Zhu, Zhaohui & Huang, Yang & Hu, Chao & Yan, Youliang, 2024. "The green effects of competition: administrative monopoly regulation and green innovation," Finance Research Letters, Elsevier, vol. 64(C).
    6. Zhu, Yi & Lin, Yangyi & Tan, Yanyu & Liu, Bin & Wang, Hao, 2024. "The potential nexus between fintech and energy consumption: A new perspective on natural resource consumption," Resources Policy, Elsevier, vol. 89(C).

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