Access to Credit and Green Innovation

Abstract

Starting with the natural credit relationship between financial institutions and enterprises, this paper examines the relationship between distance-based access to credit and green innovation by using the data of financial licenses and listed enterprises. Based on the resource dependence theory, the authors use the geographical location of bank branches and enterprises to build micro-level credit access indicators. It shows that enterprises with better access to credit have more motivation to carry out green innovation. Taking the number of branches of the Bank of China in 1937 as an instrumental variable, it still supports the above results. Its influence lies in the reduction of financing constraints of enterprises. This paper further discusses the impact of green finance and digitization. The development of green finance and digitization could replace the benefits of distance-based access to credit. Combined with the transformation process of traditional banks in the future, this paper puts forward some policy suggestions to promote green innovation and low-carbon development.

Regional Culture and Digital Financial Inclusion in China

“…The spatial gap might be resulted from economic development, education levels, local policies, endowments, and regional institutions (Guo et al, 2020). Many studies have examined the causes of the imbalance issue from the perspective of formal institutional environments such as the digital divide, population density, traditional financial development level, government regulation, and human capital (Bai & Lin, 2022;Gholami et al, 2021;Hou et al, 2022;Mahmood et al, 2021;Shao et al, 2021;Xie et al, 2022;Zhang et al, 2023). However, few works explored the impact of informal institutions on the development of digital financial inclusion, especially the impact of regional culture.…”

Uncovering the Dark Side of Artificial Intelligence in Electronic Markets

“…By integrating market and competition orientation, e-commerce enterprises can enhance their understanding of customer needs, identify market opportunities, promote product development, and increase innovation success by accessing a wider range of market information (Jebarajakirthy et al, 2022;Li, Du et al, 2022;Raisch & Krakowski, 2021;Sun & Li, 2022;Sun & Wang, 2022;Yu & Yu, 2022;Zhang, 2022). Numerous digital business companies and retailers, such as Amazon, leverage AI to enhance sales, attract and retain customers and improve profitability (Zheng et al, 2023) through optimized marketing strategies and streamlined business processes (Bai & Lin, 2022;Liu & Li, 2022;Kozinets & Gretzel, 2020;Ma & Zhang, 2022;Rashidin et al, 2022;Shankar, 2020;Varsha et al, 2021;. Simultaneously, utilizing AI introduces many new challenges that span ethical, legal, social, and technological dimensions (Trappey et al, 2022;Akter et al, 2021;Xu et al, 2022).…”