Summary Can digital finance promote corporate green innovation? | SpringerLink link.springer.com
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Digital finance drives green innovation by overcoming financial limitations, fostering investment in research and development, and facilitating sustainable economic progress.
Slides
Slide Presentation (14 slides)
Key Points
- Digital finance has a positive effect on corporate green innovation.
- Digital finance promotes green innovation by alleviating financial constraints and increasing R&D investment.
- The effect of digital finance on green innovation is more pronounced in economically backward regions and high-polluting industries.
- This research provides practical guidance for promoting finance development and improving the ecological environment.
- The datasets used in this study are available upon reasonable request.
Summaries
17 word summary
Digital finance promotes green innovation by alleviating financial constraints, encouraging R&D investment, and supporting sustainable economic development.
55 word summary
Digital finance promotes corporate green innovation by alleviating financial constraints and encouraging increased investment in R&D, especially in economically backward regions and high-polluting industries. It facilitates the adoption of environmentally friendly practices and technologies by providing financial resources and reducing constraints. These findings provide practical guidance for promoting finance development and supporting sustainable economic development.
125 word summary
Digital finance has the potential to promote corporate green innovation, as evidenced by a study on Chinese listed firms from 2011 to 2018. The research shows that digital finance has a positive impact on green innovation, alleviating financial constraints and encouraging increased investment in research and development (R&D). This effect is particularly pronounced in economically backward regions and high-polluting industries. The study highlights the importance of digital finance in promoting green innovation across different regions and industries, with economically backward regions and high-polluting industries benefiting the most. Overall, digital finance can facilitate the adoption of environmentally friendly practices and technologies by providing financial resources and reducing constraints. The findings offer practical guidance for promoting finance development and improving the ecological environment, supporting sustainable economic development.
355 word summary
Digital finance has the potential to promote corporate green innovation, according to a study conducted on Chinese listed firms from 2011 to 2018. The research findings indicate that digital finance has a positive impact on green innovation, and this result is consistent across various tests. The study also reveals that digital finance helps alleviate financial constraints and encourages increased investment in research and development (R&D), which in turn promotes green innovation. The effect of digital finance on green innovation is particularly pronounced in economically backward regions and high-polluting industries.
The research provides practical guidance for promoting finance development and improving the ecological environment. It suggests that digital finance can play a significant role in driving corporate green innovation, thereby contributing to environmental improvement and sustainable economic development. By addressing financial constraints and facilitating increased R&D investment, digital finance can support the adoption of environmentally friendly practices and technologies by companies.
The study highlights the importance of digital finance in promoting green innovation in different regions and industries. Economically backward regions and high-polluting industries stand to benefit the most from the positive impact of digital finance on green innovation. This finding suggests that digital finance can help address environmental challenges in areas that are most in need of sustainable development.
Overall, the research emphasizes the potential of digital finance to drive corporate green innovation. By providing financial resources and reducing constraints, digital finance can facilitate the adoption of environmentally friendly practices and technologies by companies. This, in turn, contributes to the improvement of the ecological environment and supports sustainable economic development.
In conclusion, the study concludes that digital finance has a positive effect on corporate green innovation. It helps alleviate financial constraints and encourages increased investment in R&D, leading to the adoption of environmentally friendly practices and technologies by companies. The impact of digital finance on green innovation is particularly significant in economically backward regions and high-polluting industries. The findings of this research provide practical guidance for promoting finance development and improving the ecological environment. By leveraging the potential of digital finance, companies can drive green innovation and contribute to environmental improvement and sustainable economic development.