Does the Development of Digital Finance Contribute to Corporate Green Innovation? Evidence from China

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Panel data analysis shows digital finance enhances corporate green innovation, indicating reduced information asymmetry.

Digital finance significantly promotes corporate green innovation, particularly in non-state enterprises.
The breadth of digital finance coverage is identified as the largest contributor to enhancing green innovation.
Using a fixed-effects model, the study analyzed data from Chinese A-share listed companies from 2011 to 2020.
This research highlights the differing effects of digital finance across various regional and financial regulatory contexts.

Lyu et al. (2025) studied this question.

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