The effects of green finance on enterprises’ green innovation under the “dual carbon” goal: an exploratory study based on fsQCA

Impact of green innovation on carbon reduction in China

“…Additionally, the integration of green development with the financial sector has garnered attention. Studies examining green finance and corporate green innovation suggest that green finance stimulates corporate green innovation by reflecting internal corporate quality and attracting external innovation resources 7 . On top of that, scholars have further categorised green innovation into green process innovation and green product innovation, positing that green process innovation positively influences green product innovation, both of which contribute to firm performance enhancement 8 .…”

Can Digital Transformation Reduce Enterprise Carbon Intensity? An Empirical Analysis of Chinese Manufacturers

“…The main reason for using it as a mechanism variable is that compared to R&D inputs, green patents most naturally represent the results of businesses' green technological innovation activities, and patents have a clear technological categorization, reflecting that the majority of green patents have distinct value implications and that they actively represent the contributions of innovation activities [61]. To further explore the processes underlying the different types of green innovation, this paper refers to Du and Guo [62] and Lou et al [63] and refers to "high-quality" innovation behaviors that aim to promote technological advancement and gain competitive advantages for the purpose of substantive innovation; innovation behaviors that aim to seek other benefits by pursuing "quantity" of innovation; and innovation behaviors that seek "quantity" of innovation by pursuing other benefits for the purpose of "quantity" of innovation. The innovation strategy of pursuing "quantity" and "speed" of innovation to satisfy regulation and the government is referred to as strategic innovation [64].…”