Promoting corporate financing efficiency through digital finance and sustainable practices

This paper explores the impact of digital finance (DFI) and environmental performance (EP) on corporate financing efficiency (FE) in China's property sector. The research addresses two main questions: How do digital finance and environmental performance influence corporate financing efficiency? What are the policy implications of these influences for enhancing green transformation in the sector? Employing robust techniques, including fixed-effect regression and a difference-in-differences (DID) approach. The study reveals that DFI and EP have a significant positive effect on FE. The analysis demonstrates that higher levels of DFI and improved EP lead to more effective allocation and utilization of financial resources. The DID results further indicate that an increase in DFI contributes to a significant enhancement in FE with a one-year lag, without violating the parallel trends assumption. The study shows that integrating digital finance and environmental sustainability improves financial efficiency. It urges policymakers to promote investments in digital financial technologies.

Authors

Institutions

Publication Details

Journal
Journal of Sustainable Finance & Investment
Published
2024-09-16
DOI
https://doi.org/10.1080/20430795.2024.2401361
Primary Topic
Sustainable Finance and Green Bonds
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Promoting corporate financing efficiency through digital finance and sustainable practices

Muhammad Suhrab, Chen Pinglu, Ningyu Qian
Journal of Sustainable Finance & Investment
Sustainable Finance and Green Bonds
article

Promoting corporate financing efficiency through digital finance and sustainable practices

Muhammad Suhrab, Chen Pinglu, Ningyu Qian
article en

Abstract

This paper explores the impact of digital finance (DFI) and environmental performance (EP) on corporate financing efficiency (FE) in China's property sector. The research addresses two main questions: How do digital finance and environmental performance influence corporate financing efficiency? What are the policy implications of these influences for enhancing green transformation in the sector? Employing robust techniques, including fixed-effect regression and a difference-in-differences (DID) approach. The study reveals that DFI and EP have a significant positive effect on FE. The analysis demonstrates that higher levels of DFI and improved EP lead to more effective allocation and utilization of financial resources. The DID results further indicate that an increase in DFI contributes to a significant enhancement in FE with a one-year lag, without violating the parallel trends assumption. The study shows that integrating digital finance and environmental sustainability improves financial efficiency. It urges policymakers to promote investments in digital financial technologies.

Journal of Sustainable Finance & InvestmentVol. 14(4)
Huazhong University of Science and Technology (CN)
Openalex Percentile: Top 78%
Sustainable Finance and Green Bonds
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Promoting corporate financing efficiency through digital finance and sustainable practices — Muhammad Suhrab, Chen Pinglu, et al. · Journal of Sustainable Finance & Investment (2024) | TGRS Research Map | TGRS