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Author:

Zhao, Xiongfei (Zhao, Xiongfei.) | Li, Shuangjie (Li, Shuangjie.) (Scholars:李双杰) | Lu, Kaili (Lu, Kaili.) | Zhong, Yifan (Zhong, Yifan.)

Indexed by:

EI Scopus SCIE

Abstract:

This paper conducted an in-depth study to elucidate the impact of corporate intelligence transformation and regional financial technology on green economic growth, particularly the role of credit resource allocation. We developed a multi-sector general equilibrium model, integrating the heterogeneity of intelligent transformation in production sectors and accounting for the influence of Fintech on financial institutions. Within this model framework, panel data from 2011 to 2021 at the provincial, municipal, and micro-enterprise levels in China were used to validate the theoretical model through a mixed regression approach. The findings indicate that as intelligent transformation firms receive more credit resources, their potential for green economic growth increases, contributing to reduced regional carbon emissions. Additionally, the excess productivity of intelligent transformation firms has a significant positive impact on regional carbon reduction efforts. Moreover, the advancement of Fintech reduces financial institutional costs, further optimizing credit allocation and lowering overall market interest rates, thereby promoting green development within the region. However, advancements in Fintech may also redirect more credit resources toward low-risk general enterprises, resulting in a credit crowding-out effect for intelligent transformation firms. These findings indicate that, while promoting intelligent transformation, policy measures should also balance the resource allocation effects of Fintech across different types of enterprises.

Keyword:

Crowding-out effect Credit resources Financial institutions Carbon emissions Heterogeneous sectors

Author Community:

  • [ 1 ] [Zhao, Xiongfei]Beijing Univ Technol, Sch Econ & Management, Beijing 100124, Peoples R China
  • [ 2 ] [Li, Shuangjie]Beijing Univ Technol, Sch Econ & Management, Beijing 100124, Peoples R China
  • [ 3 ] [Lu, Kaili]Xidian Univ, Sch Comp Sci & Technol, Xian 710071, Shaanxi, Peoples R China
  • [ 4 ] [Zhong, Yifan]Univ Western Australia, Dept Management & Org, Business Sch, Perth, Australia

Reprint Author's Address:

  • [Zhao, Xiongfei]Beijing Univ Technol, Sch Econ & Management, Beijing 100124, Peoples R China;;

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Source :

JOURNAL OF ENVIRONMENTAL MANAGEMENT

ISSN: 0301-4797

Year: 2024

Volume: 371

8 . 7 0 0

JCR@2022

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 6

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