Proceedings of the 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)

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A Study on the Impact of Fintech on Total Factor Productivity of Energy-intensive Manufacturing Enterprises

Authors
Kun Yuan1, *
1School of Economics and Management, Beijing Jiaotong University, Beijing, 100044, China
*Corresponding author. Email: 2506641690@qq.com
Corresponding Author
Kun Yuan
Available Online 10 July 2025.
DOI
10.2991/978-2-38476-440-2_57How to use a DOI?
Keywords
fintech; energy-intensive manufacturing enterprises; technological innovation; financing constraints; mediating effect
Abstract

With the spread of information technology in the financial sector, fintech emerges at the historic moment and develops rapidly. For energy-intensive manufacturing companies, this is a new opportunity. Based on the acquired data of Shanghai and Shenzhen A-share energy-intensive manufacturing listed companies and fintech data of prefecture-level cities from 2012 to 2021, this paper conducts a study. Then, through the regression analysis of panel data, there is a conclusion that fintech can significantly promote the growth of total factor productivity in energy-intensive manufacturing enterprises. Further mechanism analysis shows that fintech can improve the TFP of energy-intensive manufacturing enterprises by improving the level of technological innovation and alleviating financing constraints. Finally, based on the above empirical conclusions, suggestions are put forward for the upgrading and transformation of high energy consuming manufacturing enterprises under the trend of continuous development of fintech.

Copyright
© 2025 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 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
10 July 2025
ISBN
978-2-38476-440-2
ISSN
2352-5398
DOI
10.2991/978-2-38476-440-2_57How to use a DOI?
Copyright
© 2025 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.

Cite this article

risenwbib
TY  - CONF
AU  - Kun Yuan
PY  - 2025
DA  - 2025/07/10
TI  - A Study on the Impact of Fintech on Total Factor Productivity of Energy-intensive Manufacturing Enterprises
BT  - Proceedings of the 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)
PB  - Atlantis Press
SP  - 483
EP  - 494
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-440-2_57
DO  - 10.2991/978-2-38476-440-2_57
ID  - Yuan2025
ER  -