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Fintech and corporate green technology innovation: Impacts and mechanisms

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  • Qihang Xue
  • Caiquan Bai
  • Weiwei Xiao

Abstract

This paper uses the number of green patents granted of listed companies and the number of fintech companies in prefecture‐level cities in China from 2011 to 2018 to investigate the impact of fintech development on corporate green technology innovation and its mechanisms. We find that fintech can significantly promote corporate green technology innovation. Specifically, the promotion effect of fintech works through three channels: alleviating financing constraints, gathering scientific and technological talents, and optimizing environmental regulations. Heterogeneity tests find that its promotion effect is more significant for the eastern region, invention patents, state‐owned enterprises, and low environmental uncertainty.

Suggested Citation

  • Qihang Xue & Caiquan Bai & Weiwei Xiao, 2022. "Fintech and corporate green technology innovation: Impacts and mechanisms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3898-3914, December.
    • Handle: RePEc:wly:mgtdec:v:43:y:2022:i:8:p:3898-3914
    DOI: 10.1002/mde.3636
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    2. Ruize Cai & Kyung Hwan Yun & Minho Kim, 2022. "Financing Constraints and Corporate Value in China: The Moderating Role of Multinationality and Ownership Type," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
    3. Huwei Wen & Yutong Liu, 2023. "Can Fintech Lead to the Collaborative Reduction in Pollution Discharges and Carbon Emissions?," Sustainability, MDPI, vol. 15(15), pages 1-19, July.
    4. Yuzhen Ma & Xinyang Wei & Gaoyun Yan & Xiaoyu He, 2023. "The Impact of Fintech Development on Air Pollution," IJERPH, MDPI, vol. 20(4), pages 1-16, February.
    5. Rui Ai & Yuhang Zheng & Serhat Yüksel & Hasan Dinçer, 2023. "Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-28, December.

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