Proceedings of the 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024)

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The Impact of Financial Technology Development on Green Innovation Levels: A Study of 285 Prefecture-Level Cities in China

Authors
Jiaqian Zhao1, *
1Xi’an Polytechnic University, Xi’an, Shaanxi, 710600, China
*Corresponding author. Email: Zndrc2024@163.com
Corresponding Author
Jiaqian Zhao
Available Online 15 April 2025.
DOI
10.2991/978-94-6463-676-5_39How to use a DOI?
Keywords
Financial Technology; Financing Constraints; Green Innovation
Abstract

Green innovation not only serves as a critical engine for promoting high-quality development, but it also emphasizes the efficient allocation of resources through the use of new technologies and concepts, compared to traditional innovation. However, the research and development (R&D) and implementation of green innovation often require substantial financial support and extended development periods, making financing a significant barrier in its execution. The rise of financial technology (fintech) offers new possibilities for addressing this challenge. Based on panel data from 285 prefecture-level cities in China from 2011 to 2022, On the basis of the analysis of the theoretical relationship between the two, the level of fintech and green innovation in prefecture-level cities is measured, and the two-way fixed effect model is used to verify. The results indicate that the development of fintech not only directly enhances the level of regional green innovation but also improves it by alleviating financing constraints.

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 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
15 April 2025
ISBN
978-94-6463-676-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-676-5_39How 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  - Jiaqian Zhao
PY  - 2025
DA  - 2025/04/15
TI  - The Impact of Financial Technology Development on Green Innovation Levels: A Study of 285 Prefecture-Level Cities in China
BT  - Proceedings of the 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024)
PB  - Atlantis Press
SP  - 406
EP  - 413
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-676-5_39
DO  - 10.2991/978-94-6463-676-5_39
ID  - Zhao2025
ER  -