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Can digital finance boost corporate green innovation

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  • Xue, Qing
  • Liu, Xiangqin

Abstract

This paper explores the impact of digital finance (DF) on firms’ green innovation (GI) and finds that the development of DF is related to more GI. Besides, this effect is more notable in non-state-owned firms, firms in high-tech industries, or firms faced with a lower degree of market competition and non-east areas in China. We also find that DF can boost corporate GI by alleviating financing constraints and improving information transparency. Finally, results reveal that the DF development will bring an obvious enhancement in a firm's future accounting and market performance.

Suggested Citation

  • Xue, Qing & Liu, Xiangqin, 2024. "Can digital finance boost corporate green innovation," Finance Research Letters, Elsevier, vol. 62(PB).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s154461232400254x
    DOI: 10.1016/j.frl.2024.105224
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    References listed on IDEAS

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