Establishment of regional environmental courts, development of financial technology, and optimization of the business environment

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-03-25 DOI:10.1016/j.frl.2025.107280

ZiYan Chen , Tao Zhao

引用次数: 0

Abstract

In an era marked by the convergence of ecological civilization and digital economic expansion, this study examines the interplay between regional environmental courts (EC), financial technology (FT) advancements, and business environment optimization. Using data from 285 Chinese cities spanning 2017–2022, the analysis reveals that the establishment of regional EC positively contributes to improving the business environment. Moreover, the development of FT significantly amplifies this positive impact. An examination of the underlying mechanisms indicates that although the initial implementation of EC may intensify corporate financing constraints, advancements in FT effectively mitigate this challenge.

查看原文本刊更多论文

求助全文

约1分钟内获得全文求助全文

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance