Abstract:Based on the data from listed manufacturing companies in China, this study uses the pilot policy of integrating technology and finance as a quasi-natural experiment and employs the difference-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, command-and-control environmental regulations have a negative moderating effect, market-incentive environmental regulations do not play a moderating role, and public participation environmental regulations 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.
熊智桥,刘建江. 金融科技对制造业企业绿色创新的影响研究[J]. 管理学报, 2024, 21(12): 1812-.
XIONG Zhiqiao,LIU Jianjiang. Research on the Impact of Fintech on Green Innovation in Manufacturing Enterprises. Chinese Journal of Management, 2024, 21(12): 1812-.