The Impact of Digital Finance on Corporate Green Innovation

This paper discusses the impact of digital finance on corporate green innovation. Digital finance greatly promotes the development of corporate green innovation by providing convenient financing channels, reducing financing costs, and improving the efficiency of capital utilization. Utilizing big data and artificial intelligence technology, enterprises are able to better manage and control risks, thus improving the success rate of green innovation projects. In addition, digital finance also reduces information asymmetry, optimizes resource allocation, and improves the efficiency and effectiveness of green innovation through information transparency and data analysis. This paper analyzes the successful case of Tesla to reveal the key role of digital finance in green innovation, and puts forward corresponding suggestions for policy support and corporate strategy adjustment to promote the sustainable development of green economy.

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Publication Details

Journal
International Journal of Social Sciences and Public Administration
Published
2024-08-23
DOI
https://doi.org/10.62051/ijsspa.v4n1.12
Citations
5
Primary Topic
Energy, Environment, Economic Growth
Type
article
Field-Weighted Citation Impact
4.52
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article

The Impact of Digital Finance on Corporate Green Innovation

Gaohan Zhang, Zhen Chen
5 citations
International Journal of Social Sciences and Public Administration
Energy, Environment, Economic Growth
4.52
article

The Impact of Digital Finance on Corporate Green Innovation

Gaohan Zhang, Zhen Chen
article en
5 citations

Abstract

This paper discusses the impact of digital finance on corporate green innovation. Digital finance greatly promotes the development of corporate green innovation by providing convenient financing channels, reducing financing costs, and improving the efficiency of capital utilization. Utilizing big data and artificial intelligence technology, enterprises are able to better manage and control risks, thus improving the success rate of green innovation projects. In addition, digital finance also reduces information asymmetry, optimizes resource allocation, and improves the efficiency and effectiveness of green innovation through information transparency and data analysis. This paper analyzes the successful case of Tesla to reveal the key role of digital finance in green innovation, and puts forward corresponding suggestions for policy support and corporate strategy adjustment to promote the sustainable development of green economy.

International Journal of Social Sciences and Public AdministrationVol. 4(1)
Chinese Academy of Social Sciences (CN), University of Chinese Academy of Social Sciences
Industry, innovation and infrastructure
Openalex Percentile: Top 5%
Energy, Environment, Economic Growth
4.52
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