Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)

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Research on the Impact of Digital Finance on Enterprise Environmental Protection Investment

Authors
ZhuQing Zheng1, LinRong Wu1, JuPing Li2, *
1School of Management Engineering, Guilin University, Guilin, 541006, China
2Children’s Art College, Guangxi College for Preschool Education, Nanning, 530022, China
*Corresponding author. Email: yrcsmr@stu.gxnu.edu.cn
Corresponding Author
JuPing Li
Available Online 29 October 2023.
DOI
10.2991/978-94-6463-270-5_32How to use a DOI?
Keywords
Digital finance; Environmental protection investment; Low-carbon economy; Mechanism test
Abstract

Based on Panel data of A-share listed companies in Shanghai and Shenzhen and provincial Panel data of digital finance in 2011-2021, this paper uses fixed effect, Mesomeric effect and other models to conduct empirical analysis, and examines the impact of digital finance on corporate environmental protection investment. Research has shown that (1) Digital finance has a significant promoting effect on corporate environmental investment. (2) Mechanism analysis shows that digital finance promotes environmental investment by reducing supplier concentration. (3) Heterogeneity analysis shows that the nature of property rights and audit opinions have heterogeneity in the relationship between digital finance and environmental investment in enterprises. Digital finance has a greater promoting effect on environmental investment in private enterprises and enterprises issuing non-standard audit opinions. Therefore, this paper discusses the impact of digital finance on corporate environmental protection investment from the perspective of digital finance, and provides Empirical evidence for promoting high-quality sustainable development of Chinese enterprises.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)
Series
Atlantis Highlights in Economics, Business and Management
Publication Date
29 October 2023
ISBN
10.2991/978-94-6463-270-5_32
ISSN
2667-1271
DOI
10.2991/978-94-6463-270-5_32How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - ZhuQing Zheng
AU  - LinRong Wu
AU  - JuPing Li
PY  - 2023
DA  - 2023/10/29
TI  - Research on the Impact of Digital Finance on Enterprise Environmental Protection Investment
BT  - Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)
PB  - Atlantis Press
SP  - 293
EP  - 301
SN  - 2667-1271
UR  - https://doi.org/10.2991/978-94-6463-270-5_32
DO  - 10.2991/978-94-6463-270-5_32
ID  - Zheng2023
ER  -