IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v85y2025ipcs1544612325013030.html

Data monopoly, financial support, and the diffusion of green technology: The dual effects of platform enterprises' technological openness strategies

Author

Listed:
  • Ke, Deng-Yao
  • Hsueh, Cheng (Eugune)

Abstract

This paper analyzes the relationship between data monopoly, financial support, and the diffusion of green technology based on sample data from platform-type listed companies in China's A-share market from 2014 to 2023. It also conducts a dual-effect analysis based on the technology openness strategies of platform-type enterprises. Empirical results indicate that the relationship between data monopoly and the diffusion of green technology follows an inverted “U” shape; the stronger the financial support, the higher the degree of green technology diffusion among platform-type enterprises; and financial support has a significant moderating effect in the relationship between data monopoly and technology diffusion.

Suggested Citation

  • Ke, Deng-Yao & Hsueh, Cheng (Eugune), 2025. "Data monopoly, financial support, and the diffusion of green technology: The dual effects of platform enterprises' technological openness strategies," Finance Research Letters, Elsevier, vol. 85(PC).
  • Handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325013030
    DOI: 10.1016/j.frl.2025.108045
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325013030
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.frl.2025.108045?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Sebastian Losacker & Jens Horbach & Ingo Liefner, 2023. "Geography and the speed of green technology diffusion," Industry and Innovation, Taylor & Francis Journals, vol. 30(5), pages 531-555, May.
    2. Xu, Nuo & Gao, Yubin & Du, Lizhen & You, Liang, 2023. "Does administrative monopoly regulation affect corporate financialization? From the perspective of vertical industrial chain competition in China," Finance Research Letters, Elsevier, vol. 53(C).
    3. Ma, Baolin & Li, Ke & Xu, Haiwen & An, Jin & Wang, Yihan & Zhang, Yu, 2024. "Research on heterogeneous financial support mechanisms for innovation in different types of technology enterprises," Finance Research Letters, Elsevier, vol. 68(C).
    4. Bin Shen & Chen Zhu & Qingying Li & Xiaofeng Wang, 2021. "Green technology adoption in textiles and apparel supply chains with environmental taxes," International Journal of Production Research, Taylor & Francis Journals, vol. 59(14), pages 4157-4174, July.
    5. Wang, Xiong & Li, Jingyao & Ren, Xiaohang, 2022. "Asymmetric causality of economic policy uncertainty and oil volatility index on time-varying nexus of the clean energy, carbon and green bond," International Review of Financial Analysis, Elsevier, vol. 83(C).
    6. Gao, Wang & Wei, Jiajia & Zhang, Hongwei & Zhang, Haizhen, 2024. "Does climate policy uncertainty exacerbate extreme risk spillovers between green economy and energy metals?," Resources Policy, Elsevier, vol. 91(C).
    7. Vu, Quang & Tran, Tuyen Quang, 2021. "Government financial support and firm productivity in vietnam," Finance Research Letters, Elsevier, vol. 40(C).
    8. He, Feng & Chen, Longxuan & Wu, Haomin, 2024. "Competitive imitation and corporate innovation in private enterprises," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    9. Yu-Hong Ai & Di-Yun Peng & Huan-Huan Xiong, 2021. "Impact of Environmental Regulation Intensity on Green Technology Innovation: From the Perspective of Political and Business Connections," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    10. Qian, Simeng, 2024. "The effect of ESG on enterprise value under the dual carbon goals: From the perspectives of financing constraints and green innovation," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 318-331.
    11. Qin, Lu & Aziz, Ghazala & Hussan, Muhammad Wasim & Qadeer, Afifa & Sarwar, Suleman, 2024. "Empirical evidence of fintech and green environment: Using the green finance as a mediating variable," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 33-49.
    12. Xiujie Tan & Si Cheng & Yishuang Liu, 2024. "Green digital finance and technology diffusion," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    13. Feng, Chen-Yu & Yang, Xiaodong & Afshan, Sahar & Irfan, Muhamamd, 2023. "Can renewable energy technology innovation promote mineral resources’ green utilization efficiency? Novel insights from regional development inequality," Resources Policy, Elsevier, vol. 82(C).
    14. Su, Zhaoxian & Wang, Hao & Zhao, Guanqi & Xie, Chunyu, 2024. "How digital government mediate the influence of fossil fuels on green innovation: Evidence from China's a-share industrial enterprises," Resources Policy, Elsevier, vol. 91(C).
    15. Xin Wang & Soo-Haeng Cho & Alan Scheller-Wolf, 2021. "Green Technology Development and Adoption: Competition, Regulation, and Uncertainty—A Global Game Approach," Management Science, INFORMS, vol. 67(1), pages 201-219, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tan, Tingting, 2025. "Transparency meets discipline: Public data openness, the legal environment, and corporate financialization," Finance Research Letters, Elsevier, vol. 86(PG).
    2. Zeng, Chao & Xu, Bo, 2025. "Green credit and regional tourism industry development: An analysis based on heterogeneity and moderating effects," Finance Research Letters, Elsevier, vol. 85(PD).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gao, Yang & Wen, Sizhou & Yuan, Jingwen & Zhen, Qi, 2025. "Green credit policy and corporate innovation: A study of heavily polluting listed firms," Finance Research Letters, Elsevier, vol. 85(PE).
    2. Hao, Yinhui & Zhou, Yan, 2025. "Green bond issuance premium effect and investor incentive effect," Finance Research Letters, Elsevier, vol. 85(PC).
    3. Shi, Pengfei & Huang, Juan & Zhang, Yan & Wang, Xinrui & Li, Xingming, 2025. "Institutional configuration and industry green development from the perspective of digital capabilities," Finance Research Letters, Elsevier, vol. 85(PB).
    4. Zhao, Liangkai & Yang, Huayue, 2025. "Air pollution and green mergers and acquisitions: An empirical study on heavily polluting enterprises," International Review of Economics & Finance, Elsevier, vol. 103(C).
    5. Jin, Xianglu & Guan, Shuyuan, 2025. "The impact of early-stage venture capital on innovation and entrepreneurship," Finance Research Letters, Elsevier, vol. 85(PE).
    6. Ma, Tiancheng & Li, Xindi & Xing, Jiayi & Yang, Miao, 2025. "Foreign direct investment, R&D investment and corporate green technological innovation," Finance Research Letters, Elsevier, vol. 85(PD).
    7. Yang, Xiaodong & Razzaq, Asif, 2024. "Does Fintech influence green utilization efficiency of mineral resources? Evidence from China's regional data," Resources Policy, Elsevier, vol. 99(C).
    8. Jin, Wei & Yang, Jun & Wang, Chengfu, 2024. "Cost subsidy or environmental regulation? The effects of government interventions on environmental quality and 3BL performance," International Journal of Production Economics, Elsevier, vol. 270(C).
    9. Ma, Tianfang & Li, Jinke, 2025. "Green credit policy, financing constraints, and total factor productivity of enterprises," Finance Research Letters, Elsevier, vol. 85(PC).
    10. Kashamida Tazhibekova & Aigerim Shametova, 2025. "Ecological Initiatives and Their Influence on the Competitiveness and Sustainability of Companies: “Green” Strategies of SMEs," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 1623-1645, March.
    11. Zhu, Fengzhan & Chen, Liang, 2025. "Credit availability, overinvestment, and corporate innovation capability," Finance Research Letters, Elsevier, vol. 76(C).
    12. Lin Sun & Qixiang Yuan, 2024. "Only the Friendly Face? The Consequences of Consumer Education for Green Consumerism in Remanufacturing," Sustainability, MDPI, vol. 16(17), pages 1-16, August.
    13. Wang, Shuo & Huang, Deming, 2025. "Competition policy and corporate governance: A quasi-natural experiment based on the implementation of the Anti-Monopoly Law," Finance Research Letters, Elsevier, vol. 81(C).
    14. Yuanyang Wang & Yanlin Yang & Chenyu Fu & Zengzeng Fan & Xiaoping Zhou, 2021. "Environmental regulation, environmental responsibility, and green technology innovation: Empirical research from China," PLOS ONE, Public Library of Science, vol. 16(9), pages 1-21, September.
    15. Satar Bakhsh & Md Shabbir Alam & Wei Zhang, 2024. "Green finance and Sustainable Development Goals: is there a role for geopolitical uncertainty?," Economic Change and Restructuring, Springer, vol. 57(4), pages 1-30, August.
    16. Li, Xinqiang & Wang, Cheng, 2024. "Clean Energy's influence on the mineral resource market in the ASEAN region," Resources Policy, Elsevier, vol. 91(C).
    17. Deng, Yumiao & Fang, Mengmeng & Ma, Sichao & Wang, Fanzhi & Wu, Wanting, 2025. "The impact of bank FinTech on green credit allocation: Evidence from China," Finance Research Letters, Elsevier, vol. 71(C).
    18. Qiao, Nan & Xu, Bohan, 2025. "Green credit policy, media pressure, and corporate green innovation," International Review of Economics & Finance, Elsevier, vol. 98(C).
    19. Tu, Yubo & Hu, Lingyu & Hua, Xianglu & Li, Haohui, 2025. "Supply chain stability and corporate green technology innovation," International Review of Economics & Finance, Elsevier, vol. 97(C).
    20. Leifeng Zhang & Hui Wu & Yang Shen, 2025. "Unlocking the Digital Dividend: How Does Digitalization Promote Corporate Carbon Emission Reduction?," Sustainability, MDPI, vol. 17(16), pages 1-21, August.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325013030. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.