数字金融、融资限制和绿色技术创新：空间分析

IF 5.5 2区经济学 Q1 BUSINESS, FINANCE

Global Finance Journal Pub Date : 2024-05-11 DOI:10.1016/j.gfj.2024.100988

Bo Li , Zhenya Liu , Xuemei Jia , Fengping Ma

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引用次数: 0

摘要

本研究利用空间杜宾模型研究了融资约束对数字金融对绿色技术创新影响的中介作用。基于 2011 年至 2020 年中国 273 个城市的面板数据，实证结果表明，本地和周边融资约束对本地数字金融对绿色创新数量和质量的直接影响的中介作用超过 50%。此外，这些融资约束还完全调节了数字金融三大指标之一--邻国数字化水平的间接影响。这凸显了解决融资限制和促进区域合作的重要性，以提高数字金融在推动绿色技术方面的功效。

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Digital finance, financing constraints, and green technological innovation: A spatial analysis

This study investigates the role of financing constraints in mediating the influence of digital finance on green technological innovations by using the spatial Durbin model. Based on the panel data of 273 Chinese cities from 2011 to 2020, the empirical results demonstrate that local and neighboring financing constraints mediate more than 50% of the direct impact of local digital finance on the quantity and quality of green innovation. Moreover, these financing constraints completely mediate the indirect impact of neighbors' digitalization levels, one of the three indicators of digital finance. This underscores the importance of addressing financing constraints and fostering regional cooperation to enhance the efficacy of digital finance in advancing green technology.

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来源期刊

Global Finance Journal BUSINESS, FINANCE-

CiteScore

7.30

自引率

13.50%

发文量

106

审稿时长

53 days

期刊介绍： Global Finance Journal provides a forum for the exchange of ideas and techniques among academicians and practitioners and, thereby, advances applied research in global financial management. Global Finance Journal publishes original, creative, scholarly research that integrates theory and practice and addresses a readership in both business and academia. Articles reflecting pragmatic research are sought in areas such as financial management, investment, banking and financial services, accounting, and taxation. Global Finance Journal welcomes contributions from scholars in both the business and academic community and encourages collaborative research from this broad base worldwide.