Research on the Impact of Green Finance on Corporate Green Technology Innovation
DOI:
https://doi.org/10.54097/4pxxa581Keywords:
Green Finance, Enterprises' Green Technology, Virtual Variable, Mediation Effect Test.Abstract
The development of green finance has brought new opportunities and challenges to enterprises' green technology. However, whether green finance can positively promote enterprises' green innovation still needs further examination. Based on the panel data of A-share listed companies from 2008 to 2018, this paper constructs an empirical model by using dummy variables before and after the implementation of policies and the attributes of enterprises to analyze the impact of green finance on enterprises' green technology innovation. Through regression analysis, the establishment of intermediary effect model and placebo test, the relationship between the two is further explored. The research shows that green finance has a positive impact on enterprises' green technology innovation. When green finance rises by 1 unit, enterprises' green technology rises by 0.12. Therefore, we should actively promote green finance, strengthen the infrastructure construction of green finance, improve the coverage of green finance, and deepen the deep joint supervision of the government, banks and enterprises.
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