How does digital inclusive finance affect carbon intensity?

Lee, Chien‐Chiang; Wang, Fuhao

doi:10.1016/j.eap.2022.05.010

Cited by 132 publications

(45 citation statements)

References 65 publications

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“…In terms of sub-regions, the digital economy has a significant negative impact on transport carbon emissions in the eastern and central regions, while it is insignificant in the western regions. This paper further investigates the threshold effect of urbanization on the With the rapid development of transportation infrastructure and transportation technology, trans-regional economic and social activities of human beings are becoming more and more common in modern society (Lee and Wang, 2022;Wu et al, 2022). According to China Statistical Yearbook, China's passenger turnover increased at an annual growth rate of 12%, with 0.9 trillion per km in 1995 and 3.53 trillion per km in 2019, and the freight turnover rose at an annual growth rate of 19%.…”

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confidence: 99%

“…The advent of digital economy brings both opportunities and challenges to the low-carbon transformation and development of the transport sector Lee & Wang, 2022). Promoting the development of digital economy has been regarded as a major national strategy in the 14th Five-year Plan, which has had a profound impact on all aspects of China's economy and society, including the transportation industry (Deng et al, 2020).…”

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Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Wen

2022

Natural Resources Forum

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The existing literature mainly focuses on the impact of information communication technologies on carbon emissions, but little attention has been paid to the role of the digital economy in transporting carbon emissions. This paper calculates the index of the digital economy through the entropy weight Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) method and constructs the panel data of 30 provinces in China from 2008 to 2017. By extending the Stochastic Impacts by Regression on Population, Affluence and Technology model, this study explores the potential linear and non‐linear relationship between digital economy and carbon emissions in the transport sector. Empirical results show that the digital economy has the alleviating effect on carbon emissions in the transportation sector, and a change in the digital economy of one unit standard deviation resulted in a 6.14% reduction in carbon emissions. In terms of sub‐regions, the digital economy has a significant negative impact on transport carbon emissions in the eastern and central regions, while it is insignificant in the western regions. This paper further investigates the threshold effect of urbanization on the relationship between the digital economy and transportation‐related carbon emissions. The digital economy accelerates the transport sector's carbon emissions in the low urbanization stage, while it reduces the carbon emissions in the high urbanization stage.

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Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Wen

2022

Natural Resources Forum

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“…These results were net of the control variables of market risk, size, performance, the book to market, and momentum after accounting for country fixed effects (Lee et al. , 2022b; Lee and Wang, 2022).…”

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confidence: 99%

“…The exposure toward NATO states supported abnormal returns during t-3 but had a negative influence during t, t þ 3, and t þ 5. These results were net of the control variables of market risk, size, performance, the book to market, and momentum after accounting for country fixed effects (Lee et al, 2022b;Lee and Wang, 2022). The results for funds from the conflict nations, NATO members, and abstained countries are presented in Tables 4-6.…”

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confidence: 99%

The price reaction and investment exposure of equity funds: evidence from the Russia–Ukraine military conflict

Yarovaya

Mirza²

2022

JRF

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PurposeThe purpose of this paper is to assess the impact of the Ukraine–Russia military conflict on the returns and investment flows of equity funds across multiple countries.Design/methodology/approachUsing a comprehensive sample of 1,281 equity funds in 40 countries. The countries were segregated into conflict states, members of NATO, and those which abstained from voting on the UN resolution on March 2, 2022. The authors employ a GARCH-based event study and estimate CARs for t−5, t−3, t, t + 3, and t + 5 event windows. Further, the authors use panel estimation to assess the link between the CARs and the investment exposure of the sample funds.FindingsThe findings highlight an adverse reaction of mutual funds in Russia, Ukraine, and the NATO States. On the contrary, the mutual funds in the countries that abstained during the voting on the UN resolution on March 2nd posted positive abnormal returns. Similarly, the investment exposure towards the conflicted countries and NATO states is unfavorable except for the abstained countries.Originality/valueThis is the primary study to evaluate the impact of the recent geopolitical tensions on mutual funds domiciled across various geographical locations.

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“…Habiba et al [17] took 12 major countries with carbon emissions as research objects and found that green technological innovation is a key factor in reducing carbon emissions and achieving sustainable development, and digital finance can effectively promote the progress of green technological innovation. When exploring the impact of digital finance on carbon emissions, Lee [18] concluded that green technology innovation plays an intermediary role.…”

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confidence: 99%

Digital Finance, Environmental Regulation, and Green Technology Innovation: An Empirical Study of 278 Cities in China

Dai

Zhao

2022

Sustainability

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Digital finance provides a premises guarantee for green technology innovation, and effective environmental regulation helps to achieve green and sustainable development. This article selects Chinese urban panel data from 2011 to 2019 to explore the impact mechanism of the influence of digital finance and environmental regulation on the innovation capacity of green science and technology. It is found that extensive financing channels and the strong information-matching ability of digital finance have a significant promoting effect on local green science and technology innovation. Moreover, government environmental regulation not only facilitates the development of green technology innovation locally and in nearby regions, but also strengthens the utility of digital finance in driving green science and technology innovation. Further research found that the influence of digital finance and environmental regulation on the ability of green science and technology innovation has regional heterogeneity, and only digital finance in Central China can promote green science and technology innovation in both local and adjacent areas. Therefore, the government should continue to promote the development of digital finance, optimize environmental regulations by increasing environmental protection subsidies and creating a green innovation environment, and further stimulate willingness to innovate green technologies. At the same time, it is also important to note the coordinated development and governance with neighboring regional governments.

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How does digital inclusive finance affect carbon intensity?

Cited by 132 publications

References 65 publications

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

The price reaction and investment exposure of equity funds: evidence from the Russia–Ukraine military conflict

Digital Finance, Environmental Regulation, and Green Technology Innovation: An Empirical Study of 278 Cities in China

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How does digital inclusive finance affect carbon intensity?

Cited by 132 publications

References 65 publications

Can digital economy alleviate CO2 emissions in the transport sector? Evidence from provincial panel data in China

Can digital economy alleviate CO2 emissions in the transport sector? Evidence from provincial panel data in China

The price reaction and investment exposure of equity funds: evidence from the Russia–Ukraine military conflict

Digital Finance, Environmental Regulation, and Green Technology Innovation: An Empirical Study of 278 Cities in China

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Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China