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Green finance and corporate green innovation

Author

Listed:
  • Lei, Hao
  • Gao, Renyuan
  • Ning, Chutong
  • Sun, Guanglin

Abstract

This study examined the impact of green finance on corporate green innovation in China. We explored how green finance mitigates financing constraints and encourages research and development (R&D) investment to foster green innovation using panel data from Chinese A-share listed firms from 2012 to 2021. The findings indicate that green finance mitigates financing constraints and encourages R&D investment. The results offer valuable insights for policymakers to strengthen green finance policies while facilitating sustainability in corporate development.

Suggested Citation

  • Lei, Hao & Gao, Renyuan & Ning, Chutong & Sun, Guanglin, 2025. "Green finance and corporate green innovation," Finance Research Letters, Elsevier, vol. 72(C).
    • Handle: RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324016064
    DOI: 10.1016/j.frl.2024.106577
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    1. Li Huang & Xiaoyu Ji & Tingting Niu & Wanting Ou, 2025. "The Impact of Carbon Information Disclosure Quality on Enterprise Value: Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 17(2), pages 1-17, January.

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