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| Does Digital Finance Affect Corporate Green Technological Innovation ——Empirical Evidence from Chinese Listed Companies |
| Wang Zhixin, Zhu Wenqing, Han Chengbin |
| School of Economics,Hebei University,Baoding 071002,China |
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Abstract This article examines the economic effects and underlying mechanisms of digital finance influencing corporate green technological innovation based on panel data of Chinese listed companies from 2011 to 2018.The research results show that the development of digital finance has significantly promoted corporate green technological innovation.After the robustness analysis,this promotion still exists;the development of digital finance promotes corporate green technological innovation,showing an increasing non-linear characteristic of marginal effect.Financial development,R&D innovation,and industrial structure have broken through their own thresholds,and the promotion of digital financial development has been further strengthened;the promotion of digital financial development to enterprises'green technological innovation is obviously heterogeneous.Companies located in the central region,developed regions,and regions with a high level of marketisation,as well as large-scale companies,state-owned companies,and non-dual-duty companies benefit more from the development of digital finance.The research in this article shows that the development of digital finance is an important driving force for improving the ability of enterprises to innovate in green technology.Guide the western region,areas with low marketisation levels,small-scale enterprises,and non-state-owned enterprises to accelerate the development of digital finance,will promote the overall improvement of corporate green technological innovation.
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Received: 01 June 2021
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2022, Vol. 3 
