Establishment of regional environmental courts, digital finance development, and corporate green innovation performance: A quasi-natural experiment based on the establishment of environmental courts

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-08-14 DOI:10.1016/j.frl.2025.108160

Cuidan Wu , Miaomiao Chui , Chen Yong , Liang Ma

引用次数: 0

Abstract

This research employs a sample of Chinese listed companies spanning 2008 to 2023 to conduct an in-depth analysis of the interrelationship among the establishment of environmental courts (EcoCourt), the development of digital finance, and corporate green innovation performance. Empirical findings reveal that EcoCourt exerts a significant promotional effect on corporate green innovation performance, with this impact being more pronounced in firms operating within highly competitive industries. Concurrently, the advancement of digital finance is also found to significantly enhance corporate green innovation performance. Furthermore, digital finance development is shown to play a significant moderating role in the relationship between environmental court establishment and corporate green innovation performance.

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区域环境法院设立、数字金融发展与企业绿色创新绩效：基于环境法院设立的准自然实验

本研究以2008年至2023年的中国上市公司为样本，深入分析了环境法院的设立、数字金融的发展与企业绿色创新绩效之间的相互关系。实证结果表明，生态法庭对企业绿色创新绩效有显著的促进作用，这种影响在竞争激烈的行业中更为明显。同时，数字金融的先进性也显著提升了企业的绿色创新绩效。此外，数字金融发展在环境法院建立与企业绿色创新绩效之间的关系中发挥了显著的调节作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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