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Harnessing the green frontier: The impact of green finance reform and digitalization on corporate green innovation

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  • Huang, Fei
  • Ren, Yuheng

Abstract

This paper empirically examines the impact of green finance reform and digitalization on corporate green innovation among non-financial and real estate listed companies in China's capital market using a generalized difference-in-differences method. The results indicate that green finance reform coupled with digital transformation significantly enhances the level of corporate green innovation. Further, heterogeneity tests reveal that the promoting effect of green finance reform and digitalization on corporate green innovation is more pronounced in non-state-owned and manufacturing enterprises.

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  • Huang, Fei & Ren, Yuheng, 2024. "Harnessing the green frontier: The impact of green finance reform and digitalization on corporate green innovation," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324005841
    DOI: 10.1016/j.frl.2024.105554
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