Financial Technology Empowers Enterprises’ Green Total Factor Productivity

Yifan Zheng; Yujie Gong; Zhenning Zhang; Jiali Yao; Zuomin Gan; Tingyue Guan

doi:10.2991/978-94-6239-642-5_60

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Financial Technology Empowers Enterprises’ Green Total Factor Productivity

Authors

Yifan Zheng¹^{, *}, Yujie Gong¹, Zhenning Zhang¹, Jiali Yao¹, Zuomin Gan¹, Tingyue Guan¹

¹Changchun University of Science and Technology, Changchun, Jilin, 130013, China

^*Corresponding author. Email: 1492017244@qq.com

Corresponding Author

Yifan Zheng

Available Online 29 April 2026.

DOI: 10.2991/978-94-6239-642-5_60 How to use a DOI?
Keywords: FinTech; Green Total Factor Productivity; Corporate Green Transition
Abstract: Using data from Chinese A-share listed companies spanning 2007 to 2024, this study applies the SBM-Malmquist-Luenberger (SBM-ML) index to measure firms’ green total factor productivity (GTFP). It further adopts a panel double fixed-effects model, supplemented by robustness tests and instrumental variable methods, to systematically investigate the enabling effects of financial technology (fintech) on corporate GTFP and the heterogeneity of these effects. The results indicate that fintech significantly and positively promotes corporate GTFP—a conclusion that remains valid even after addressing endogeneity issues and conducting multiple robustness tests. At the regional level, fintech exerts a significant impact on GTFP in eastern and western China but has no significant effect in central China.
Copyright: © 2026 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
Series: Advances in Economics, Business and Management Research
Publication Date: 29 April 2026
ISBN: 978-94-6239-642-5
ISSN: 2352-5428
DOI: 10.2991/978-94-6239-642-5_60 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Yifan Zheng
AU  - Yujie Gong
AU  - Zhenning Zhang
AU  - Jiali Yao
AU  - Zuomin Gan
AU  - Tingyue Guan
PY  - 2026
DA  - 2026/04/29
TI  - Financial Technology Empowers Enterprises’ Green Total Factor Productivity
BT  - Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
PB  - Atlantis Press
SP  - 617
EP  - 623
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-642-5_60
DO  - 10.2991/978-94-6239-642-5_60
ID  - Zheng2026
ER  -

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