How does digital finance influence green technology innovation in China? Evidence from the financing constraints perspective

Lin, Boqiang; Ma, Ruiyang

doi:10.1016/j.jenvman.2022.115833

Cited by 275 publications

(95 citation statements)

References 40 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…On the other hand, digitalization accelerates information flow, which increases the speed and reduces the cost of knowledge spillover and knowledge interaction in green innovation networks. By relying on digital and information technology, innovation subjects can more conveniently obtain knowledge and information and more quickly master and accumulate emerging knowledge and skills [ 59 ]. They can then obtain external information, improve the reserve of innovative knowledge, promote technological upgrading and realize the green transformation of industry and society.…”

Section: Theoretical Analysismentioning

confidence: 99%

Coupling Coordination Measurement and Evaluation of Urban Digitalization and Green Development in China

Guo

Diao

2022

IJERPH

View full text Add to dashboard Cite

The coordinated promotion of urban digitalization and green development is an inevitable requirement for sustainable development in the digital age. Based on the coupling mechanism of urban digitalization and green development, in this study, we took 282 cities at the prefecture level and above in China from 2011 to 2019 as the research object, and we constructed the evaluation index system and calculated the coupling coordination degree (CD&GDD) of the two through the coupling coordination degree model. We further used the Dagum Gini coefficient, kernel density estimation, Markov chain and Moran’s I to assess the spatial effects of the regional differences, dynamic evolution trends and degree of coupling coordination. The results show the following: (1) The level of urban digitalization and green development show a fluctuating upward trend, and the interaction between the two is obvious. (2) Although the CD&GDD of most cities is continuously improving, it is still at a low level. There are large differences in the levels between the regions. (3) The inter-regional differences are the main source of the large overall differences in the CD&GDD in China, and these are mainly composed of the hypervariable density and net differences between the regions. (4) The phenomenon of “club convergence” exists in the CD&GDD. (5) The coupling coordination relationship between cities has a substantial spatial effect, and the spatial effect has obvious regional heterogeneity. The results and conclusions provide a reference for developing countries to promote green and low-carbon urban development.

show abstract

Section: Theoretical Analysismentioning

confidence: 99%

Coupling Coordination Measurement and Evaluation of Urban Digitalization and Green Development in China

Guo

Diao

2022

IJERPH

View full text Add to dashboard Cite

show abstract

“…At the same time, it effectively curbs pollution investment, which not only helps to accelerate the green transformation of China’s economy, but also helps to promote technological progress in environmental protection, new energy, and energy conservation. In addition, digital finance can play the role of lubricant, accelerate the free circulation and effective allocation of capital, information, digital, technology, and other elements, and correct the market failure and financial fragmentation caused by information asymmetry in traditional finance [ 42 , 43 , 44 ]. It is an important hand to realize green development, transformation, and upgrading, and plays a decisive role in supporting green industry and sustainable economic and social development.…”

Section: Theoretical Analyses and Research Hypothesesmentioning

confidence: 99%

“…In addition, compared with traditional finance, digital finance can effectively disperse the investment risk of enterprises, effectively gather and guide the green investment of social funds, and provide risk guarantee for enterprises’ green technology upgrading, green product development, and research and development of major energy conservation and environmental protection projects. Finally, digital finance can also provide the precise impetus for the low-carbon transformation of economic and social development by enabling green finance [ 42 , 43 ]. Based on the above analyses, we propose a third research hypothesis.…”

Section: Theoretical Analyses and Research Hypothesesmentioning

confidence: 99%

Digital Finance and Green Development: Characteristics, Mechanisms, and Empirical Evidences

Zhuang

Zhi

et al. 2022

IJERPH

View full text Add to dashboard Cite

As the emergence of digital finance is relatively short, research results on digital finance mainly focus on products, services, coverage, policies, etc. The mechanism and role of digital finance in influencing green development are still lacking attention. In the above context, this paper used spatial analysis methods to describe spatiotemporal characteristics in detail, and empirically tested the mechanism and path of digital finance affecting green development through spatial econometric models and intermediary models. The results showed that: (1) During the study period, digital finance and green development have been improved to varying degrees, but the inter-provincial differences are still obvious. (2) The spatial trends of digital finance and green development are similar, and the overall performance is “high in the east, low in the west, high in the south, and low in the north”. (3) The empirical tests found that digital finance is an effective force to reduce energy consumption per unit of GDP and improve the level of green development. It validates Hypothesis 1. Meanwhile, the Heterogeneity effect is noteworthy due to different regions, types, and levels. (4) The promotion of green development by digital finance is mainly concentrated in the local region and has not yet shown a significant green spillover effect for surrounding areas. It validates Hypothesis 2. (5) Energy structure, industrial upgrading, and technological progress are three paths for digital finance affecting green development. Hypothesis 3 is verified. Finally, the innovation of this paper lies in the design of the research framework, diversity of research methods, and policy implications. The main contribution is to enrich and expand the environmental finance theory and provide detailed empirical evidence. In addition, we put forward effective measures and suggestions including local governments, financial institutions, and enterprises based on the empirical results. Local governments should pay attention to policy implementation and operation effects, financial institutions constantly need to strengthen the supply of advanced digital financial products and services, and enterprises should attach importance to the use of digital financial tools to achieve green and low-carbon development in the future.

show abstract

“…Second, Studies have found that the development of the Internet can significantly reduce energy consumption and reduce environmental pollution (Ren et al, 2021;Ren et al, 2022). At the city level or at the firm level, some studies support the role of the digital economy in promoting green innovation (Cao et al, 2021;Zhang et al, 2022;Lin and Ma, 2022;Feng et al, 2022;Gelenbe and Caseau, 2015;Ma and Zhu, 2022;Martin and Rice, 2022;Wang and Chen, 2022). Also, studies have shown that the digital economy has a positive impact on the GVC embeddedness and GVC upgrading (Gonzalez and Jouanjean, 2017;Gopalan et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Global value chain embeddedness, digital economy and green innovation—Evidence from provincial-level regions in China

Hui

Yang

Zhou

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

With globalization and digitalization, participating in Global Value Chain (GVC) and developing digital economy have had a profound impact, which transforms China’s economy into a green and innovative one. This paper studies the intrinsic influential mechanism of GVC embeddedness and digital economy on green innovation and proposes some research hypotheses. Based on panel data of 30 Chinese provinces from 2002 to 2016, we constructed some core indicators such as GVC embeddedness, digital economy and green innovation. The ordinary panel model and spatial panel model are used to empirically test the impact of GVC embeddedness and digital economy on China’s green innovation at the provincial level. The research findings are: First, GVC embeddedness and digital economy have significant promotion effects on green innovation. Second, the development of digital economy will not only directly promote green innovation, but also indirectly promote green innovation by effectively promoting the integration of provincial economy into GVC. The results of mediating effect test show that GVC embeddedness has a partial mediating effect in the influential mechanism of digital economy to promote green innovation. Third, GVC embeddedness and green innovation have significant spatial spillover effects. It indicates that Chinese provinces (cities1) have significantly promoted green innovation in neighboring provinces through many possible channels and mechanisms in the process of participating in GVC, and the robustness test shows the stability of the spatial spillover mechanism. The findings provide useful policy implications for China’s deeply participating in GVC, vigorously developing digital economy and promoting green innovation.

show abstract

How does digital finance influence green technology innovation in China? Evidence from the financing constraints perspective

Cited by 275 publications

References 40 publications

Coupling Coordination Measurement and Evaluation of Urban Digitalization and Green Development in China

Coupling Coordination Measurement and Evaluation of Urban Digitalization and Green Development in China

Digital Finance and Green Development: Characteristics, Mechanisms, and Empirical Evidences

Global value chain embeddedness, digital economy and green innovation—Evidence from provincial-level regions in China

Contact Info

Product

Resources

About