Research on the Impact of Fintech on Green Innovation in Manufacturing Enterprises
Based on the data from listed manufacturing companies in China,this study uses the pi-lot policy of integrating technology and finance as a quasi-natural experiment and employs the differ-ence-in-differences method to systematically investigate the impact of financial technology on corporate green innovation.The research has found that financial technology can promote green innovation in enterprises through information matching optimization effect,financing constraint relief effect,and human capital agglomeration effect,and this effect has biased characteristics.In this process,com-mand-and-control environmental regulations have a negative moderating effect,market-incentive envi-ronmental regulations do not play a moderating role,and public participation environmental regula-tions have a positive moderating effect.On the basis of promoting green innovation in enterprises through financial technology,it can further improve the environmental performance of enterprises,but the improvement effect on the financial performance of enterprises has a certain lag.
fintechcorporate green innovationheterogeneous environmental regulationfirm performancedifference-in-differences
万方数据
维普
