Green financial development efficiency: a catalyst for driving China’s green transformation agenda towards sustainable development

Sarpong, Francis Atta; Sappor, Peter; Nyantakyi, George; Agyeiwaa, Owusu Esther; Ahakwa, Isaac; Cobbinah, Benjamin Blandful; Kir, Kalissa Fatoumata

doi:10.1007/s11356-023-26760-5

Cited by 28 publications

(3 citation statements)

References 103 publications

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“…Prior studies have demonstrated that this sampling methodology is accurate and provides reliable outcomes (Cobbinah et al, 2020; Kir et al, 2021; Owusu et al, 2022; Sappor et al, 2023; F. A. Sarpong et al, 2022, 2023). The sample includes Jiangsu-based manufacturing SMEs listed between 2012 and 2020.…”

Section: Methodsmentioning

confidence: 99%

Unleashing Potential: Overcoming Bottlenecks and Catalyzing Innovations in Intellectual Capital Intellectualization of Small and Medium-Sized Enterprises in Jiangsu During the Post-Industrial Era

Abredu,

Li,

Essien

et al. 2023

Sage Open

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The current research attempts to determine the degree to which three primary elements (Human, Structural, and relational capital) and intellectual capital are related to profitability of SMEs technological inventions in China’s Jiangsu province of as part of the country’s intellectualization process in the post-industrial era. The research utilizes data from 1,450 SME listings on the Shenzhen stock market between 2012 and 2020. The VAICTM model was used in this inquiry. Using PLS-SEM, the study evaluated four significant hypotheses. The research indicates that human and structural capital have a substantial meaningful correlation regarding SMEs success. The research also discovered a favorable association between human and structural capital and technological innovation in Jiangsu province throughout the post-industrial period. However, a strong negative correlation occurred between relational capital and the financial performance of small and medium-sized enterprises (SMEs). The research uncovered a substantial positive relationship between the technological innovation of SMEs and their financial success. The link between intellectual capital (HC, SC, and RC) and company performance was shown to be mediated and moderated by technological innovation. According to the findings, technical innovation considerably moderates the link between Human Capital and firm performance. The research indicated that Technical Innovation (TI) moderates the association between Structural Capital (RC) and firm performance. In contrast, Technical Innovation (TI) does not alter the association between Relational Capital (RC) and firm success in a substantial way.

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Section: Methodsmentioning

confidence: 99%

Unleashing Potential: Overcoming Bottlenecks and Catalyzing Innovations in Intellectual Capital Intellectualization of Small and Medium-Sized Enterprises in Jiangsu During the Post-Industrial Era

Abredu,

Li,

Essien

et al. 2023

Sage Open

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“…However, such technological innovations require substantial funding. Hence, developing green finance is considered an effective way to facilitate regional green energy technological innovation, which will consequently promote carbon reduction [32,33]. Green energy technologies can be financially supported by green finance while reducing the financing costs associated with innovation activities.…”

Section: Green Finance and Regional Green Energy Technological Innova...mentioning

confidence: 99%

The Impact of Green Finance and Financial Technology on Regional Green Energy Technological Innovation Based on the Dual Machine Learning and Spatial Econometric Models

Xie,

Zhao,

2024

Energies

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Regional green energy technological innovation is an important means to alleviate economic–environmental contradictions. The purpose of this study was to explore the mechanisms of green finance, financial technology, and regional green energy technological innovation. In this study, we constructed dual machine learning models, spatial econometric models, and panel threshold effect models to investigate the effects of green finance and financial technology on regional green energy technological innovation, using panel data from 266 cities nationwide from 2009 to 2021. The research findings are as follows: (1) Both green finance and financial technology significantly promote regional green energy technological innovation. (2) Based on a spatial weight matrix embedded in economic geography, both green finance and financial technology generate positive spatial spillover effects on regional green energy technological innovation. (3) The interaction between green finance and financial technology significantly contributes to regional green energy technological innovation. Financial technology can strengthen the positive local and neighboring effects of green finance on regional green energy technological innovation. (4) Based on the threshold effect of financial technology, green finance cannot significantly promote regional green energy technological innovation when financial technology is in an underdeveloped stage. With the advancement of financial technology, green finance continues to have a positive impact on regional green energy technological innovation. Based on this analysis and our conclusions, we propose practical policy recommendations that can provide a more sustainable approach to green energy technology innovation.

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“…Despite the outstanding advantages of green finance, its development still faces a number of challenges. Sarpong et al found that China's green financial development efficiency had experienced a process of rising and then falling, and showed obvious regional differences, with the highest in the east, the second in the center, and the lowest in the west [33]. Jiang et al also found that the regional gap in China's green finance development continues to widen, with Jiangsu, Zhejiang, Shanghai, and Beijing having higher attractiveness in the green finance linkage network [34].…”

Section: Literature Reviewmentioning

confidence: 99%

Can Green Finance Be a Regulator of “Water–Energy–Food” Synergy? Evidence from the Yangtze River Delta

Wang

2024

Sustainability

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The synergistic relationship between water, energy, and food faces increasing challenges. Green finance as a policy tool promotes high-quality and efficient development of water, energy, and food subsystems. However, whether it can improve the synergistic relationship of “water–energy–food” (WEF) still needs to be studied. Using the panel data of 38 prefecture-level cities in the Yangtze River Delta (YRD) from 2013 to 2021, and network DEA and panel regression models, we study the impact of green finance on the level of synergy of “water–energy–food”. The results of the study show that green finance can promote the synergy level of “water–energy–food” in the Yangtze River Delta city cluster, which was first inhibited and then promoted from 2013 to 2021. The impacts of green finance on the efficiency of the three subsystems are also characterized by a “U” shape. However, linear impacts show differences, with green finance improving the efficiency of the water subsystem but not the energy and food subsystems. The implementation of China’s national strategies empowers green finance. The digital strategy, the “dual carbon” strategy, and the new urbanization strategy have increased the effectiveness of green finance in contributing to the level of water–energy–food synergy. Regional heterogeneity analysis shows that the promotion effect of green finance mainly exists in non-resource-based cities, non-main grain-producing areas, and non-cities along the South-to-North water diversion route and large cities. Finally, this paper puts forward relevant policy recommendations.

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Green financial development efficiency: a catalyst for driving China’s green transformation agenda towards sustainable development

Cited by 28 publications

References 103 publications

Unleashing Potential: Overcoming Bottlenecks and Catalyzing Innovations in Intellectual Capital Intellectualization of Small and Medium-Sized Enterprises in Jiangsu During the Post-Industrial Era

Unleashing Potential: Overcoming Bottlenecks and Catalyzing Innovations in Intellectual Capital Intellectualization of Small and Medium-Sized Enterprises in Jiangsu During the Post-Industrial Era

The Impact of Green Finance and Financial Technology on Regional Green Energy Technological Innovation Based on the Dual Machine Learning and Spatial Econometric Models

Can Green Finance Be a Regulator of “Water–Energy–Food” Synergy? Evidence from the Yangtze River Delta

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