Does digital finance matter for corporate green investment? Evidence from heavily polluting industries in China
Energy Economics, ISSN: 0140-9883, Vol: 117, Page: 106476
2023
- 109Citations
- 149Captures
Metric Options: Counts1 Year3 YearSelecting the 1-year or 3-year option will change the metrics count to percentiles, illustrating how an article or review compares to other articles or reviews within the selected time period in the same journal. Selecting the 1-year option compares the metrics against other articles/reviews that were also published in the same calendar year. Selecting the 3-year option compares the metrics against other articles/reviews that were also published in the same calendar year plus the two years prior.
Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
Green investment is an important way to strengthen pollution control and improve environmental quality. In the context of the rapid development of the digital economy, digital finance may be an important engine for corporate green investment. This study investigates the effect of digital finance development on corporate green investment based on data from heavily polluting industries in China from 2011 to 2020. The result suggests that digital finance greatly increases corporate green investment, and this finding still holds after a series of robustness tests. This is demonstrated by the fact that the coverage breadth and digitalization of digital finance significantly promote green investment. Digital finance mainly promotes green investment by stimulating intra-firm capital flows and intensifying market competition. The driving effects of digital finance on green investment are stronger in state-owned enterprises and in regions where environmental and financial regulations are more stringent. Our findings provide empirical inspiration for understanding how firms carry out environmental governance under the development of emerging financial market services.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S0140988322006053; http://dx.doi.org/10.1016/j.eneco.2022.106476; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85144261949&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S0140988322006053; https://dx.doi.org/10.1016/j.eneco.2022.106476
Elsevier BV
Provide Feedback
Have ideas for a new metric? Would you like to see something else here?Let us know