IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04894960.html
   My bibliography  Save this paper

Digital Finance, Financing Constraints, and Green Technological Innovation: A Spatial Analysis

Author

Listed:
  • Bo Li

    (Beijing International Studies University)

  • Zhenya Liu

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School)

  • Xuemei Jia

    (Beijing International Studies University)

  • Fengping Ma

    (Beijing International Studies University)

Abstract

This study investigates the role of financing constraints in mediating the influence of digital finance on green technological innovations by using the spatial Durbin model. Based on the panel data of 273 Chinese cities from 2011 to 2020, the empirical results demonstrate that local and neighboring financing constraints mediate more than 50% of the direct impact of local digital finance on the quantity and quality of green innovation. Moreover, these financing constraints completely mediate the indirect impact of neighbors' digitalization levels, one of the three indicators of digital finance. This underscores the importance of addressing financing constraints and fostering regional cooperation to enhance the efficacy of digital finance in advancing green technology.

Suggested Citation

  • Bo Li & Zhenya Liu & Xuemei Jia & Fengping Ma, 2024. "Digital Finance, Financing Constraints, and Green Technological Innovation: A Spatial Analysis," Post-Print hal-04894960, HAL.
    • Handle: RePEc:hal:journl:hal-04894960
    DOI: 10.1016/j.gfj.2024.100988
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. Song, Yang & Zhang, Yue & Zhang, Zhipeng & Sahut, Jean-Michel, 2025. "Artificial intelligence, digital finance, and green innovation," Global Finance Journal, Elsevier, vol. 64(C).
    2. Preethu Rahman & Mohammad Musa, 2025. "Bridging innovation and growth: the Belt and Road Initiative’s impact on Chinese provincial economies," International Economics and Economic Policy, Springer, vol. 22(3), pages 1-30, July.
    3. Song, Hongti & Chen, Wei, 2025. "A digital blueprint for sustainability: Can digital infrastructure policies promote renewable energy innovation?," Renewable Energy, Elsevier, vol. 244(C).
    4. Wei Jiang & Nana Jiang, 2025. "From sustainable development towards resilience: Does digital finance matter in enhancing ecological resilience?," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 2535-2552, April.
    5. Xu, Zhiyi & Yang, Jindi, 2025. "Impact of digital finance on rural industry revitalization," International Review of Economics & Finance, Elsevier, vol. 97(C).
    6. Wang, Wenwen, 2025. "Digital finance and firm green innovation: The role of media and executives," Finance Research Letters, Elsevier, vol. 74(C).
    7. Chen, Yaqin, 2024. "Navigating resource scarcity and digital finance solutions for a sustainable future in ASEAN," Resources Policy, Elsevier, vol. 98(C).
    8. Zhu, Wenpeng, 2024. "Digital finance, capital misallocation and corporate innovation," International Review of Economics & Finance, Elsevier, vol. 96(PC).
    9. Wang, Nian & Huang, Yue & Liao, Ruiwen, 2025. "Kill two birds with one stone: How to strengthen digital new infrastructure's impacts on urban green innovation – The channel of factor allocation," International Review of Economics & Finance, Elsevier, vol. 98(C).

    More about this item

    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:hal:journl:hal-04894960. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.