Does Fintech Foster the Development of Green Finance?

Financial technology is of crucial significance in economic and financial advancement. Against the backdrop of promoting green economic growth, the question arises: What is Fintech’s role in driving green finance? This paper examines the impact of Fintech on green finance by analyzing panel data from 30 provinces in China for the period 2011–2021. The findings reveal that (1) Fintech facilitates the development of green finance; (2) financial efficiency and green innovation are significant channels through which Fintech promotes green finance; and (3) there is heterogeneity in Fintech’s impact on green finance across different levels of financial development. Specifically, the influence of Fintech on green finance is more pronounced in regions with higher levels of financial development.

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Publication Details

Journal
Emerging Markets Finance and Trade
Published
2024-11-20
DOI
https://doi.org/10.1080/1540496x.2024.2430500
Citations
9
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
4.76

Funders

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article

Does Fintech Foster the Development of Green Finance?

Yi Quan, Tingting Li, Jie Xu, Fu Chen
9 citations
Emerging Markets Finance and Trade
FinTech, Crowdfunding, Digital Finance
4.76
article

Does Fintech Foster the Development of Green Finance?

Yi Quan, Tingting Li, Jie Xu, Fu Chen
article en
9 citations

Abstract

Financial technology is of crucial significance in economic and financial advancement. Against the backdrop of promoting green economic growth, the question arises: What is Fintech’s role in driving green finance? This paper examines the impact of Fintech on green finance by analyzing panel data from 30 provinces in China for the period 2011–2021. The findings reveal that (1) Fintech facilitates the development of green finance; (2) financial efficiency and green innovation are significant channels through which Fintech promotes green finance; and (3) there is heterogeneity in Fintech’s impact on green finance across different levels of financial development. Specifically, the influence of Fintech on green finance is more pronounced in regions with higher levels of financial development.

Emerging Markets Finance and TradeVol. 61(6)
Liaoning University (CN), University of Leeds (GB)
China Scholarship Council, Department of Education of Liaoning Province
Industry, innovation and infrastructure
Openalex Percentile: Top 5%
FinTech, Crowdfunding, Digital Finance
4.76
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Does Fintech Foster the Development of Green Finance? — Yi Quan, Tingting Li, et al. · Emerging Markets Finance and Trade (2024) | TGRS Research Map | TGRS