Can Bank Fintech Development Reduce Carbon Emissions Around Businesses?
The development of banking fin-tech can not only improve the competitiveness in the corporate credit market,but also enhance the quality and efficiency of banking services for the development of the real economy,which is an important driving force for building a financial powerhouse and realizing high-quality development.Using the data of A-share listed companies in Shanghai and Shenzhen from 2013 to 2022,the article constructs the weighted indicators of the impact of bank fin-tech at the enterprise level as well as the indicators of the total carbon emissions around the enterprise,and analyses the impact of the development of bank fin-tech on the carbon emissions of the enter-prise and the mechanism of its role.Mechanisms analyses show that bank fin-tech can reduce the level of peripheral car-bon emissions of firms by improving the efficiency of firms'factor allocation and the quality of environmental informa-tion disclosure.Heterogeneity analyses show that the carbon mitigation effect of bank fin-tech is more pronounced for firms that are larger,have a higher degree of financial development in their provinces,are not in heavy polluting in-dustries,and have loans with state-owned banks.Banks'financial science and technology can achieve carbon emission reduction mainly by guiding enterprises to carry out ex ante green innovation and investment activities rather than ex post pollution control activities.In this regard,it is recommended that banks be guided to vigorously develop financial technology to enhance the efficiency of factor allocation and the quality of environmental information disclosure by en-terprises;at the same time,differentiated financial support policies should be implemented to accurately and effectively support and guide enterprises to reduce carbon emissions.
bank financial technologycarbon emission reductionfactor allocation efficiencyenvironmental information disclosure
万方数据
维普
