Research on the Impact of Fintech on Corporate Green Innovation

DOI

10.2991/978-94-6463-459-4_57How to use a DOI?

Keywords

Fintech; Enterprise green innovation; Financial mismatch

Abstract

This study examines the effects of fintech development on green innovation of enterprises from the standpoint of financial mismatch using data on green patent applications from A-share listed companies from 2012 to 2021 of China. An index measuring the level of fintech development was created using the Baidu Index. A mechanism analysis reveals that financial mismatch inhibits efforts of enterprises to innovate in the green sector, whereas fintech, which relies on information technology, can enhance capacity of financial institutions to identify green risks, reduce information asymmetry, direct the precise flow of credit resources, reduce the impact of financial mismatch, and encourage enterprise green innovation.

Copyright

© 2024 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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TY  - CONF
AU  - Lei Shen
AU  - Liangyuan Zhang
PY  - 2024
DA  - 2024/07/23
TI  - Research on the Impact of Fintech on Corporate Green Innovation
BT  - Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)
PB  - Atlantis Press
SP  - 497
EP  - 503
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-459-4_57
DO  - 10.2991/978-94-6463-459-4_57
ID  - Shen2024
ER  -