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How digital finance affects the sustainability of corporate green innovation

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  • Yang, Jinxuan
  • Hui, Ning

Abstract

Through analysis, this study finds that digital finance can promote green innovation by alleviating financing constraints and reducing financing costs, with ESG ratings playing a moderating role in this relationship. Heterogeneity analysis reveals that the impact of digital finance on green innovation is more significant in non-high-tech and non-high-pollution industries. The findings provide strategic recommendations for policymakers to promote corporate green innovation and indicate directions for future related research.

Suggested Citation

  • Yang, Jinxuan & Hui, Ning, 2024. "How digital finance affects the sustainability of corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003441
    DOI: 10.1016/j.frl.2024.105314
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    References listed on IDEAS

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