A Study on the Impact of FinTech on Corporate Green Innovation

Abstract

Taking China 's A-share listed companies from 2011 to 2023 as research samples, this paper conducts empirical analysis based on the two-way fixed effect model. The results show that financial technology has a significant promoting effect on corporate green innovation activities. Further mechanism test shows that Fintech mainly exerts its influence through two paths : first, alleviating the financing constraints faced by enterprises and improving the financial availability of green R & D activities ; second, promote the digital transformation of enterprises and enhance their ability in green technology R & D and application. The moderating effect analysis reveals that the good ESG performance of enterprises can positively regulate the promotion effect of FinTech, that is, the higher the ESG rating, the stronger the enabling effect of FinTech on green innovation. The research conclusions of this paper provide an empirical basis and policy enlightenment for improving the sustainable financial support system and guiding enterprises to accelerate the green and low-carbon transformation.