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Fintech and Green Investor Entry

Author

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  • Jiang, Yong
  • Klein, Tony
  • Weber, Olaf
  • Ren, Yi-Shuai

Abstract

Engaging green investors is essential for firms seeking a green transformation. A considerable amount of research has investigated the factors influencing green investor entry (GIE) into a firm. However, the impact of financial technology (Fintech) on GIE has been inadequately studied. This study empirically examines the influence of Fintech on GIE and its underlying mechanisms, using data from Chinese A-share listed firms from 2011 to 2020. The findings indicate that the advancement of Fintech in a city significantly enhances the ability of firms within its jurisdiction to recruit GIE. This conclusion remains strong despite the implementation of robustness checks and the consideration of endogeneity issues. Further analysis reveals that the positive effect of Fintech on GIE is more pronounced in non-state-owned enterprises, mature enterprises, and heavily polluting enterprises. Mechanism studies demonstrate that Fintech enhances GIE by mitigating financing constraints and improving enterprises' environmental governance performance and the quality of corporate information disclosure. Finally, our findings offer data and a reference for governments to entice green investors via the advancement of Fintech.

Suggested Citation

  • Jiang, Yong & Klein, Tony & Weber, Olaf & Ren, Yi-Shuai, 2025. "Fintech and Green Investor Entry," International Review of Economics & Finance, Elsevier, vol. 104(C).
    • Handle: RePEc:eee:reveco:v:104:y:2025:i:c:s1059056025008780
    DOI: 10.1016/j.iref.2025.104715
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