Research on the impact of digital inclusive finance on enterprise’s green innovation --with government grants as a mediating variable
DOI:
https://doi.org/10.54691/bcpbm.v25i.1901Keywords:
Digital inclusive finance, Enterprise’s green innovation, Government grantsAbstract
Based on carbon neutralization, enterprise’s green innovation is increasingly becoming a significant support for high-quality economic development. This paper uses a two-way fixed-effects model to test the impact of digital inclusive finance on enterprise’s green innovation. It shows that digital inclusive finance can effectively promote the quantity and quality of enterprise’s green innovation. It also can indirectly promote enterprise’s green innovation by improving the precision of government grants. The heterogeneity analysis shows that the promoting effect of digital inclusive finance on green innovation is more significant in the middle and western regions, which lack financial services. And it is more significant in the heavy polluting enterprises, where the pressure of environmental regulation is greater; while the mediating effect of government grants is more significant in non-heavily polluting enterprises. Therefore, the digital inclusive finance should develop continuously, from multiple and differentiated dimensions, so as to promote enterprises' green innovation.
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