Green finance, climate change, and green innovation: Evidence from China

被引：1
|
作者：
Chen, Fuyong [1 ]
Zeng, Xiao [2 ]
Guo, Xiang [3 ]
机构：
[1] Chongqing Technol & Business Univ, Ctr Coordinated Dev Chengdu Chongqing Econ Circle, Sch Accountin, Chongqing 400067, Peoples R China
[2] Guangdong Univ Technol, Sch Management, Guangzhou 510520, Peoples R China
[3] Sichuan Univ Sci & Engn, Sch Management, Zigong 643000, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 63卷
关键词：
Green finance; Climate change; Green innovation; Financing cost;
D O I：
10.1016/j.frl.2024.105283
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the relationship between the development of green finance and corporate green innovation. The research results indicate that the development of green finance significantly improves the level of green innovation in enterprises, which can simultaneously increase the quantity and quality of innovation. This conclusion still holds after adopting lagged regression and excluding the digital finance effect. The examination of the impact mechanism reveals that financing cost play a mediating role in this effect. In addition, we find that the development of green finance has a more significant promoting effect on green innovation when climate change is high.
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页数：9
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