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Promoting corporate financing efficiency through digital finance and sustainable practices

Author

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  • Muhammad Suhrab
  • Chen Pinglu
  • Ningyu Qian

Abstract

This paper explores the impact of digital finance (DFI) and environmental performance (EP) on corporate financing efficiency (FE) in China's property sector. The research addresses two main questions: How do digital finance and environmental performance influence corporate financing efficiency? What are the policy implications of these influences for enhancing green transformation in the sector? Employing robust techniques, including fixed-effect regression and a difference-in-differences (DID) approach. The study reveals that DFI and EP have a significant positive effect on FE. The analysis demonstrates that higher levels of DFI and improved EP lead to more effective allocation and utilization of financial resources. The DID results further indicate that an increase in DFI contributes to a significant enhancement in FE with a one-year lag, without violating the parallel trends assumption. The study shows that integrating digital finance and environmental sustainability improves financial efficiency. It urges policymakers to promote investments in digital financial technologies.

Suggested Citation

  • Muhammad Suhrab & Chen Pinglu & Ningyu Qian, 2024. "Promoting corporate financing efficiency through digital finance and sustainable practices," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 14(4), pages 843-869, October.
    • Handle: RePEc:taf:jsustf:v:14:y:2024:i:4:p:843-869
    DOI: 10.1080/20430795.2024.2401361
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