Digital Financial Inclusion, Financial Efficiency and Green Innovation

被引：15
|
作者：
Li, Yanru [1 ,2 ]
Sun, Guanglin [3 ,4 ]
Gao, Qiang [1 ]
Cheng, Changming [1 ]
机构：
[1] Nanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China
[2] Nanjing Intellectual Property Protect Ctr, Nanjing 211800, Peoples R China
[3] Nanjing Univ Finance & Econ, Sch Finance, Nanjing 210023, Peoples R China
[4] Chinese Acad Social Sci, Inst Ind Econ, Beijing 100006, Peoples R China
来源：
SUSTAINABILITY | 2023年 / 15卷 / 03期
基金：
中国国家自然科学基金;
关键词：
digital financial inclusion; financial efficiency; capital misallocation; green innovation; GMM model; CHINA;
D O I：
10.3390/su15031879
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
The financing difficulty of green innovation projects has always been an obstacle to enterprises' green innovation. Digital financial inclusion provides a new opportunity to solve the financing difficulty of green innovation. Based on the construction of a theoretical framework for digital financial inclusion to influence green innovation, this study empirically analyzes the impact and mechanism of digital financial inclusion on green innovation by using the provincial panel data of China from 2011 to 2020. The results show that digital financial inclusion has a significant positive impact on green innovation. The promotion effect of the development of digital financial inclusion on green innovation is mainly driven by the depth of digital financial inclusion use and the digitalization of financial inclusion. The results of the intermediary effect analysis show that digital financial inclusion can promote green innovation by alleviating capital misallocation and improving financial efficiency.
引用
收藏
页数：13
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