{"title":"绿色金融促进中国新型优质生产力的机制:技术创新与数据因素","authors":"Zhongwei Zhu , Qian Hua , Shuai Xu , Weiwei Lin","doi":"10.1016/j.ribaf.2025.103038","DOIUrl":null,"url":null,"abstract":"<div><div>This paper aims to measure the development levels of China's green finance (GF) and new quality productive forces (NQPFs), and explore the mechanism and heterogeneous effects of GF on the development of NQPFs. By employing the data envelopment analysis and the entropy value method, this paper innovatively constructs a new multi-dimensional evaluation system of \"GF-NQPFs\". And the study sheds light on the promotion effect of GF on NQPFs from the perspectives of technological innovation and data factors. The study presents three key findings. Firstly, the development level of China's GF has been steadily rising, with the scale of key indicators such as green investment expanding. Secondly, GF can efficiently drive forward the progress of NQPFs. Thirdly, the mechanism through which GF promotes the development of NQPFs is chiefly manifested in two aspects: technological innovation and data factors. The discovery of the driving mechanism of technological innovation and data factors and the key role of green investment provides a scientific reference for developing China's GF and improving NQPFs.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"79 ","pages":"Article 103038"},"PeriodicalIF":6.3000,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The mechanism of green finance in promoting China's new quality productive forces: Technological innovation and data factor\",\"authors\":\"Zhongwei Zhu , Qian Hua , Shuai Xu , Weiwei Lin\",\"doi\":\"10.1016/j.ribaf.2025.103038\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper aims to measure the development levels of China's green finance (GF) and new quality productive forces (NQPFs), and explore the mechanism and heterogeneous effects of GF on the development of NQPFs. By employing the data envelopment analysis and the entropy value method, this paper innovatively constructs a new multi-dimensional evaluation system of \\\"GF-NQPFs\\\". And the study sheds light on the promotion effect of GF on NQPFs from the perspectives of technological innovation and data factors. The study presents three key findings. Firstly, the development level of China's GF has been steadily rising, with the scale of key indicators such as green investment expanding. Secondly, GF can efficiently drive forward the progress of NQPFs. Thirdly, the mechanism through which GF promotes the development of NQPFs is chiefly manifested in two aspects: technological innovation and data factors. The discovery of the driving mechanism of technological innovation and data factors and the key role of green investment provides a scientific reference for developing China's GF and improving NQPFs.</div></div>\",\"PeriodicalId\":51430,\"journal\":{\"name\":\"Research in International Business and Finance\",\"volume\":\"79 \",\"pages\":\"Article 103038\"},\"PeriodicalIF\":6.3000,\"publicationDate\":\"2025-07-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Research in International Business and Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0275531925002946\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531925002946","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The mechanism of green finance in promoting China's new quality productive forces: Technological innovation and data factor
This paper aims to measure the development levels of China's green finance (GF) and new quality productive forces (NQPFs), and explore the mechanism and heterogeneous effects of GF on the development of NQPFs. By employing the data envelopment analysis and the entropy value method, this paper innovatively constructs a new multi-dimensional evaluation system of "GF-NQPFs". And the study sheds light on the promotion effect of GF on NQPFs from the perspectives of technological innovation and data factors. The study presents three key findings. Firstly, the development level of China's GF has been steadily rising, with the scale of key indicators such as green investment expanding. Secondly, GF can efficiently drive forward the progress of NQPFs. Thirdly, the mechanism through which GF promotes the development of NQPFs is chiefly manifested in two aspects: technological innovation and data factors. The discovery of the driving mechanism of technological innovation and data factors and the key role of green investment provides a scientific reference for developing China's GF and improving NQPFs.
期刊介绍:
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance