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Establishment of regional environmental courts, development of financial technology, and optimization of the business environment

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  • Chen, ZiYan
  • Zhao, Tao

Abstract

In an era marked by the convergence of ecological civilization and digital economic expansion, this study examines the interplay between regional environmental courts (EC), financial technology (FT) advancements, and business environment optimization. Using data from 285 Chinese cities spanning 2017–2022, the analysis reveals that the establishment of regional EC positively contributes to improving the business environment. Moreover, the development of FT significantly amplifies this positive impact. An examination of the underlying mechanisms indicates that although the initial implementation of EC may intensify corporate financing constraints, advancements in FT effectively mitigate this challenge.

Suggested Citation

  • Chen, ZiYan & Zhao, Tao, 2025. "Establishment of regional environmental courts, development of financial technology, and optimization of the business environment," Finance Research Letters, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005434
    DOI: 10.1016/j.frl.2025.107280
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    References listed on IDEAS

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    1. Zhao, Wenqi & Toh, Moau Yong & Zhang, Yongmin, 2025. "The price of green justice: Environmental courts and cross-regional capital immobility," Finance Research Letters, Elsevier, vol. 85(PA).

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