Impact of fintech and green finance on environmental quality protection in India: By applying the semi-parametric difference-in-differences (SDID)

Sreenu, Nenavath

doi:10.1016/j.renene.2022.05.020

Cited by 102 publications

(23 citation statements)

References 20 publications

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“…Other research publications use different panel data models, owing to the lack of long time series data related to FinTech indicators and the greening policy [44]. Panel data were the suitable solution proposed by many scholars; methods go from linear regression modelling [33,51] to complex models such as GMM and 2SLS models [38,[52][53][54][55]. However, other papers scattered between ranking techniques such as the fuzzy methods in the decision-making process [32,35,37,38] and time series modelling techniques [12,34,56,57].…”

Section: Discussionmentioning

confidence: 99%

“…Granger causality test [51] "Impact of fintech and green finance on environmental quality protection in India: By applying the semi-parametric difference-in-differences (SDID)"…”

Section: Discussionmentioning

confidence: 99%

“…Many researchers suggest that FinTech has the potential to reduce environmental degradation. Moreover, the authors in [51,53] posited that green financial policies have been found to decrease CO 2 emissions in China. In the same frame, the authors in [61] argued that overall green FinTech-based rules and standards produce a positive environmental effect.…”

Section: Cluster Four: Fintech and Environmental Qualitymentioning

confidence: 99%

“…The literature under this theme illustrated how FinTech has the potential of reducing environmental degradation -Green industrial policies to reduce the CO 2 in China [51]. -Green FinTech positively affects economic growth [33].…”

Section: Environmental Quality and Fintechmentioning

confidence: 99%

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Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability

Tamasiga¹,

Onyeaka

Ouassou

2022

Energies

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The emergence of new transformational technology, known as the fourth industrial revolution, has crucially opened a new window to green economic growth. The transition to low carbon, green economy, and green sustainability has gained momentum simultaneously in developed and developing countries. The greening policy echoes the pending climate change and its entrenching disruptions. Financial technology, or FinTech seems to be a promising direction in unlocking the green dilemma; to be concrete, FinTech and the green economy are separately documented in the literature. Against this background, the current study investigates the intersection between green economic growth and FinTech by conducting a systematic-cum-bibliometric analysis of published papers in the Scopus database with the goal of first examining the role and opportunities of implementing green FinTech as a stimulus for transition towards green economic growth in African countries and, second, identifying knowledge gaps and future policy and research directions by developing an integrated framework to help African countries in the transition to green economic growth and green FinTech. The results illustrate an increasing trend in research attention towards the green FinTech concept and its relationship with green economic growth, climate change, and greening rules and standards. A deep inspection of the mined papers indicates that future research trajectories are oriented into five different mainstreams: technology and instruments in digital finance; regulation, policies, and green FinTech; climate risk mitigation through FinTech; FinTech and environmental quality; green finance and climate change mitigation. Based on these research directions, an integrated framework was conceptualised that aims to deliver green economic growth using FinTech as a vehicle of transition for African countries.

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Section: Discussionmentioning

confidence: 99%

“…Granger causality test [51] "Impact of fintech and green finance on environmental quality protection in India: By applying the semi-parametric difference-in-differences (SDID)"…”

Section: Discussionmentioning

confidence: 99%

Section: Cluster Four: Fintech and Environmental Qualitymentioning

confidence: 99%

Section: Environmental Quality and Fintechmentioning

confidence: 99%

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Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability

Tamasiga¹,

Onyeaka

Ouassou

2022

Energies

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“…The punishment effect of financing constraints forces HPEs to change their operation methods and achieve green upgrading of the industrial structure. GCP through favorable lending rates and green innovation compensation generates higher incentive effects than the punishment effects of financing constraints [ 19 , 20 ], and differentiation competitive advantage and first-mover advantage accelerate the green transformation of enterprises [ 21 , 22 ]. As an essential component of green supply chain practices, GCP plays an important role in corporate sustainability.…”

Section: Introductionmentioning

confidence: 99%

The Impact Mechanism of Green Credit Policy on the Sustainability Performance of Heavily Polluting Enterprises—Based on the Perspectives of Technological Innovation Level and Credit Resource Allocation

Ding¹,

Jing

et al. 2022

IJERPH

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Green credit policy (GCP), as one of the key financial instruments to achieve ’carbon peaking’ and ‘carbon neutrality’ targets, provides capital support for the green development of enterprises. This paper explores the impact mechanism of GCP on the sustainability performance of heavily polluting enterprises (HPEs) from the perspectives of technological innovation level (TIL) and credit resource allocation (CRA), using panel data for Chinese A-share listed manufacturing companies from 2010 to 2015 to construct a propensity score matching and differences-in-differences (PSM-DID) model. We find that GCP has a causal effect on corporate sustainability performance (CSP). Although GCP significantly improves CSP, there is no long-term effect. Heterogeneity analysis shows that the relationship between GCP and CSP is only significant in non-state-owned enterprises and in eastern and low-market-concentration enterprises. Mechanism tests indicate that GCP stimulates HPEs to invest more in technological innovation and thereby improves CSP through the innovation compensation effect; the credit constraint and information transfer effects caused by GCP reduce the credit resources available to HPEs but have a significant forced effect on CSP. This paper enriches the study of the economic consequences of GCP and provides implications for stakeholders to improve the green financial system and achieve green transformation of HPEs.

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The impact of Fintech on corporate carbon emissions: Towards green and sustainable development

Wang,

Zhao

et al. 2024

Bus Strat Env

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Fintech, as the fusion of finance and technology, has not only transformed the traditional financial industry and contributed to reshaping the real economy. But also, it holds the potential to offer a feasible solution for achieving green and sustainable development. This paper investigates the impact of Fintech on corporate carbon emissions (CCEs) by using data from the National Tax Survey Database (NTSD). The results suggest that Fintech development leads to a reduction in CCEs. Our findings remain robust even after using the instrumental variable approach to alleviate endogeneity problems. The mechanism analysis reveals that Fintech reduces CCEs via alleviating financing constraints, improving energy efficiency, and promoting green innovation. Heterogeneity analysis demonstrates that Fintech dramatically decreases CCEs from coal energy consumption, while increasing CCEs from consuming power and gas energy. Additionally, carbon emissions from state‐owned and foreign companies experience a more pronounced reduction through Fintech compared to those from private firms. Furthermore, firms in eastern and middle regions are more vulnerable to Fintech development. Moreover, enterprises in non‐high‐tech industries and high‐polluting industries exhibit noteworthy performance in reducing carbon emissions through Fintech adoption. This research offers policymakers a path to effectively govern CCEs and achieve their carbon reduction targets.

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Impact of fintech and green finance on environmental quality protection in India: By applying the semi-parametric difference-in-differences (SDID)

Cited by 102 publications

References 20 publications

Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability

Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability

The Impact Mechanism of Green Credit Policy on the Sustainability Performance of Heavily Polluting Enterprises—Based on the Perspectives of Technological Innovation Level and Credit Resource Allocation

The impact of Fintech on corporate carbon emissions: Towards green and sustainable development

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