Research on the Impact of Fintech on Green Innovation of Enterprises

The study constructed regional fintech development level indicators based on the Baidu search index of fintech keywords in each province, and conducted an empirical analysis using relevant data of A-share listed companies from 2012 to 2021. It is found that the development of fintech significantly promotes corporate green innovation. This finding remains robust after changing the sample interval and the measurement regression, verifying the important role of fintech in promoting corporate green innovation. Meanwhile, the heterogeneity analysis finds that FinTech plays a more significant role in promoting corporate green innovation in the eastern region. Its development not only brings new opportunities for the financial industry in the east, but also provides a steady stream of innovation vitality for the real economy in the east. Continuously promoting the development of fintech and reshaping the ecological pattern of the financial industry is of great significance in stimulating the innovation vitality of the real economy and promoting the construction of an innovative country.