金融科技是否提高了中国的绿色创新效率？来自研发活动、绿色金融和政府环保意识的见解

IF 3.1 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-07-29 DOI:10.1016/j.qref.2025.102035

Chang-Sheng Liao

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引用次数: 0

摘要

本研究从研发活动的角度考察了中国金融科技与绿色创新效率（GIE）之间的复杂关系，采用阈值变量模型对2010 - 2020年的数据进行了分析。研究结果表明，金融科技对GIE的积极影响仅在一定条件下才会发展。金融科技与GIE在研发活动阈值模型中存在非线性动态关系，表明研发活动存在最优范围，过多的研发投入会导致负效用。同时产生的抑制效应可能抵消研发投资通过金融科技对绿色效率的促进作用。此外，政府的环保意识正向影响着金融科技与绿色能源之间的关系，在政府主导的金融科技政策导向下，政府环保意识有助于行业更便捷地获得资金投资绿色项目。本文对金融科技与全球GIE之间的关系提供了新的见解，并分析了金融科技对全球GIE的影响取决于不同的条件，如研发活动、绿色金融和政府的环境意识。

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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Does Fintech improve green innovation efficiency in China? Insight from R&D activities, green finance, and government environmental awareness

This study examines the complex relationship between Fintech and green innovation efficiency (GIE) in China from the perspective of research and development (R&D) activities, using a threshold variable model to analyze data from 2010 to 2020. The findings show that the positive effect of Fintech on GIE only developed under certain conditions. Fintech and GIE have a nonlinear dynamic relationship within the R&D activities threshold model, suggesting that R&D activities have an optimal range and excessive R&D investment can cause disutility. The simultaneously generated inhibitory effect may offset the promotional effect of R&D investment on green efficiency through Fintech. Furthermore, government environmental awareness positively influences the relationship between Fintech and GIE and assists industries in conveniently obtaining funds to invest in green projects under a government-led Fintech policy orientation. This paper offers new insight into the relationship between Fintech and GIE, along with an analysis of the effects of Fintech on GIE depending on different conditions, such as R&D activities, green finance, and government environmental awareness.

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.