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Research on the impact mechanism of green finance on the green innovation performance of China's manufacturing industry

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  • Xingyuan Wang

Abstract

This paper constructs the relationship model diagram of green finance, technology finance and supply chain finance, and the conceptual model diagram of the impact mechanism of Green Finance on green innovation performance of manufacturing industry. Using the relevant statistical data indicators of China's manufacturing industry from 2011 to 2018, the structural equation model is used for empirical test. The results show that green finance has a positive impact on the green innovation performance of manufacturing industry. Technology finance has a positive regulating impact on green finance and manufacturing green innovation performance, while supply chain finance has no significant regulating impact.

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  • Xingyuan Wang, 2022. "Research on the impact mechanism of green finance on the green innovation performance of China's manufacturing industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 2678-2703, October.
    • Handle: RePEc:wly:mgtdec:v:43:y:2022:i:7:p:2678-2703
    DOI: 10.1002/mde.3554
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    Cited by:

    1. Zhang, Shengling & Wu, Zihao & He, Yinan & Hao, Yu, 2022. "How does the green credit policy affect the technological innovation of enterprises? Evidence from China," Energy Economics, Elsevier, vol. 113(C).
    2. Kai Zhang & Dongyuan Liu, 2023. "Does Green Finance Promote Export Sophistication? An Analysis of the Moderating Effect Based on Green Taxes," Sustainability, MDPI, vol. 15(10), pages 1-18, May.
    3. Fengyan Wang & Ziyuan Sun & Hua Feng, 2022. "Can Media Attention Promote Green Innovation of Chinese Enterprises? Regulatory Effect of Environmental Regulation and Green Finance," Sustainability, MDPI, vol. 14(17), pages 1-25, September.
    4. Lu, Yuchen & Gao, Yuqiang & Zhang, Yu & Wang, Junrong, 2022. "Can the green finance policy force the green transformation of high-polluting enterprises? A quasi-natural experiment based on “Green Credit Guidelines”," Energy Economics, Elsevier, vol. 114(C).
    5. Wang, Mei Ling, 2023. "Effects of the green finance policy on the green innovation efficiency of the manufacturing industry: A difference-in-difference model," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    6. Mohammad Wasiq & Mustafa Kamal & Nazim Ali, 2023. "Factors Influencing Green Innovation Adoption and Its Impact on the Sustainability Performance of Small- and Medium-Sized Enterprises in Saudi Arabia," Sustainability, MDPI, vol. 15(3), pages 1-22, January.
    7. Yuan Yuan & Jinli Guo & Zhaohua Guo, 2023. "An Evolutionary Analysis of Higher-Order Interaction Collaborative Innovation Networks in China’s New Energy Vehicle Industry," Sustainability, MDPI, vol. 15(15), pages 1-23, July.

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