Research on the Impact of Digital Finance on Enterprise Environmental Protection Investment
- 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.
Cite this article
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 -