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Effect of coupling and coordinated development of green finance and fintech on corporate risk-taking: Evidence from China

Author

Listed:
  • Yao, Dingjun
  • Zhang, Yu
  • Hu, Jinzhan
  • Fan, Kun

Abstract

By taking all A-share listed companies as samples from 2011 to 2021, the paper empirically studies the impact of the coupling and coordinated development of green finance and fintech on the level of corporate risk-taking. The study finds that, first, the coupling and coordinated development of green finance and fintech can improve the level of corporate risk-taking. Second, the mechanisms are easing financing constraints, improving the quality of information disclosure and promoting green technology innovation. Third, in high-tech industries and state-owned enterprises, the coupling and coordinated development of the two improves the level of corporate risk-taking more significantly.

Suggested Citation

  • Yao, Dingjun & Zhang, Yu & Hu, Jinzhan & Fan, Kun, 2025. "Effect of coupling and coordinated development of green finance and fintech on corporate risk-taking: Evidence from China," Finance Research Letters, Elsevier, vol. 85(PB).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pb:s1544612325011705
    DOI: 10.1016/j.frl.2025.107912
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    References listed on IDEAS

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    Cited by:

    1. Yang, Hongwei & Zhi, Hui & Wang, Zhiheng, 2026. "Financial technology, new quality productivity, and corporate growth: Micro evidence from Chinese listed companies," Finance Research Letters, Elsevier, vol. 87(C).
    2. Lin, Tianchen & Yang, Haolong, 2025. "How does urban digital finance drive low-carbon development? evidence from China’s green transition," Finance Research Letters, Elsevier, vol. 86(PF).
    3. Wang, Zhe & Zhang, Jinlong & Gao, Yanwen, 2026. "Green finance, cultural and tourism consumption, and sustainable development of tourism economy: A quasi-natural experiment based on the “dual pilot” policies," International Review of Financial Analysis, Elsevier, vol. 110(C).
    4. Zhu, Yue & Wu, Yuyang, 2026. "Climate risk and corporate cross-boundary digital innovation: An analysis based on the threshold effect of green digital finance," Finance Research Letters, Elsevier, vol. 92(C).
    5. Dou, Jie & Su, Chi Wei & Li, Wenyu & Dou, Junfeng, 2025. "Green finance and artificial intelligence: Catalysts for promoting sustainability?," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 13-25.

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    Keywords

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    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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