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Social trust, green finance, and enterprise innovation

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  • Zan, Haocheng
  • Jiang, Kailin
  • Ma, Jing

Abstract

After COVID-19, economic development has been relatively unstable, and social trust has new requirements for corporate innovation. This article explores the impact of these factors using data for A-share listed companies in Shanghai and Shenzhen from 2010 to 2022 as research samples. The research results are as follows: (1) Social trust positively impacts promoting improved corporate innovation. (2) The development of green finance plays a partial intermediate role in social trust driving enterprise innovation. (3) Social trust has a more significant promoting effect on enterprise innovation at state-owned listed companies than it does at non-state-owned companies.

Suggested Citation

  • Zan, Haocheng & Jiang, Kailin & Ma, Jing, 2024. "Social trust, green finance, and enterprise innovation," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324004161
    DOI: 10.1016/j.frl.2024.105386
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    References listed on IDEAS

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    4. Zhang, Cheng & Ho, Kung-Cheng & Yan, Cheng & Gong, Yujing, 2023. "Societal trust and firm-level trust: Substitute or complement? An international evidence," International Review of Financial Analysis, Elsevier, vol. 86(C).
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    Cited by:

    1. Gao, Xing & Lai, Xiaobing & Huang, Ting & Lai, Huisu, 2024. "Does social dishonesty accelerate corporate maturity mismatch of investment and financing?," Finance Research Letters, Elsevier, vol. 64(C).

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