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Research on the use of digital finance and the adoption of green control techniques by family farms in China

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  • Yu, Lili
  • Zhao, Duanyang
  • Xue, Zihao
  • Gao, Yang

Abstract

Green control techniques are conducive to ensuring the quality and safety of agricultural products, the ecological environment and agricultural production in China, while the credit constraints of traditional financial services make it difficult for them to be successfully promoted. However, the differences between digital financial services and traditional financial services have not been considered in the existing research, and the impact of digital financial use on farmers ‘adoption of green control techniques is rarely discussed from a micro perspective. Taking 441 family farms in Shandong and Henna provinces as an example, this paper adopts the mediating effect model to investigate the influence and mechanism of digital finance on the adoption of green control techniques in family farms and addresses possible endogeneity problems with the help of the instrumental variable method. It is found that the use of digital finance has a positive impact not only on the adoption of green control techniques in family farms but also on the adoption of green control techniques in family farms through three transmission mechanisms: improving credit availability, promoting information acquisition and enhancing social trust. This approach not only helps enrich the research on digital finance and clarify the differences between digital financial services and traditional financial services but also provides theoretical support for making full use of the development opportunity of digital finance to promote farmers to adopt green control techniques and ultimately achieve sustainable agricultural development.

Suggested Citation

  • Yu, Lili & Zhao, Duanyang & Xue, Zihao & Gao, Yang, 2020. "Research on the use of digital finance and the adoption of green control techniques by family farms in China," Technology in Society, Elsevier, vol. 62(C).
  • Handle: RePEc:eee:teinso:v:62:y:2020:i:c:s0160791x19306323
    DOI: 10.1016/j.techsoc.2020.101323
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    9. Feilong Weng & Xuan Liu & Xuexi Huo, 2023. "Impact of Internet Use on Farmers’ Organic Fertilizer Investment: A New Perspective of Access to Credit," Agriculture, MDPI, vol. 13(1), pages 1-13, January.
    10. Mengling Tian & Ruifeng Liu & Jian Wang & Jiahao Liang & Yefan Nian & Hengyun Ma, 2023. "Impact of Environmental Values and Information Awareness on the Adoption of Soil Testing and Formula Fertilization Technology by Farmers—A Case Study Considering Social Networks," Agriculture, MDPI, vol. 13(10), pages 1-22, October.
    11. Huo, Da & Zhang, Xiaotao & Meng, Shuang & Wu, Gang & Li, Junhang & Di, Ruoqi, 2022. "Green finance and energy efficiency: Dynamic study of the spatial externality of institutional support in a digital economy by using hidden Markov chain," Energy Economics, Elsevier, vol. 116(C).
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    15. Sun, Yanan & You, Xiaotong, 2023. "Do digital inclusive finance, innovation, and entrepreneurship activities stimulate vitality of the urban economy? Empirical evidence from the Yangtze River Delta, China," Technology in Society, Elsevier, vol. 72(C).
    16. Shilei Pan & Chenhui Di & Abbas Ali Chandio & Ghulam Raza Sargani & Huaquan Zhang, 2022. "Investigating the Impact of Grain Subsidy Policy on Farmers’ Green Production Behavior: Recent Evidence from China," Agriculture, MDPI, vol. 12(8), pages 1-19, August.
    17. Hao Fu & Yue Liu & Pengfei Cheng & Sijie Cheng, 2022. "Evolutionary Game Analysis on Innovation Behavior of Digital Financial Enterprises under the Dynamic Reward and Punishment Mechanism of Government," Sustainability, MDPI, vol. 14(19), pages 1-18, October.
    18. Metawa, Noura & Dogan, Eyup & Taskin, Dilvin, 2022. "Analyzing the nexus of green economy, clean and financial technology," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 385-396.
    19. Yiqun Hu & Xiong Dai & Li Zhao, 2022. "Digital Finance, Environmental Regulation, and Green Technology Innovation: An Empirical Study of 278 Cities in China," Sustainability, MDPI, vol. 14(14), pages 1-17, July.
    20. Yalin Mo & Yuchen Che & Wenqiao Ning, 2023. "Digital Finance Promotes Corporate ESG Performance: Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-23, July.

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