{"title":"绿色金融与金融科技的耦合协调发展对企业风险承担的影响:来自中国的证据","authors":"Dingjun Yao , Yu Zhang , Jinzhan Hu , Kun Fan","doi":"10.1016/j.frl.2025.107912","DOIUrl":null,"url":null,"abstract":"<div><div>By taking all A-share listed companies as samples from 2011 to 2021, the paper empirically studies the impact of the coupling and coordinated development of green finance and fintech on the level of corporate risk-taking. The study finds that, first, the coupling and coordinated development of green finance and fintech can improve the level of corporate risk-taking. Second, the mechanisms are easing financing constraints, improving the quality of information disclosure and promoting green technology innovation. Third, in high-tech industries and state-owned enterprises, the coupling and coordinated development of the two improves the level of corporate risk-taking more significantly.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"85 ","pages":"Article 107912"},"PeriodicalIF":7.4000,"publicationDate":"2025-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Effect of coupling and coordinated development of green finance and fintech on corporate risk-taking: Evidence from China\",\"authors\":\"Dingjun Yao , Yu Zhang , Jinzhan Hu , Kun Fan\",\"doi\":\"10.1016/j.frl.2025.107912\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>By taking all A-share listed companies as samples from 2011 to 2021, the paper empirically studies the impact of the coupling and coordinated development of green finance and fintech on the level of corporate risk-taking. The study finds that, first, the coupling and coordinated development of green finance and fintech can improve the level of corporate risk-taking. Second, the mechanisms are easing financing constraints, improving the quality of information disclosure and promoting green technology innovation. Third, in high-tech industries and state-owned enterprises, the coupling and coordinated development of the two improves the level of corporate risk-taking more significantly.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"85 \",\"pages\":\"Article 107912\"},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2025-07-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325011705\",\"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":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325011705","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Effect of coupling and coordinated development of green finance and fintech on corporate risk-taking: Evidence from China
By taking all A-share listed companies as samples from 2011 to 2021, the paper empirically studies the impact of the coupling and coordinated development of green finance and fintech on the level of corporate risk-taking. The study finds that, first, the coupling and coordinated development of green finance and fintech can improve the level of corporate risk-taking. Second, the mechanisms are easing financing constraints, improving the quality of information disclosure and promoting green technology innovation. Third, in high-tech industries and state-owned enterprises, the coupling and coordinated development of the two improves the level of corporate risk-taking more significantly.
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.
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