The impact of digital inclusive finance on corporate ESG performance: based on the perspective of corporate green technology innovation

• Published in: Environmental science and pollution research international Vol. 30; no. 24; pp. 65314 - 65327
• Main Authors: Li, Wenqi, Pang, Wenbin
• Format: Journal Article
• Language: English
• Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.05.2023; Springer Nature B.V
• Subjects: Aquatic Pollution; Atmospheric Protection/Air Quality Control/Air Pollution; China; Clean technology; Earth and Environmental Science; Ecotoxicology; Empirical analysis; Environment; Environmental Chemistry; Environmental Health; Environmental performance; Environmental Pollution; Environmental science; Finance; Green development; Industry; Innovations; Organizations; Research Article; Sustainable development; Technology; Waste Water Technology; Water Management; Water Pollution Control; China; Digital inclusive finance; Green technology innovation; Corporate ESG performance
• ISSN: 1614-7499; 0944-1344; 1614-7499
• DOI: 10.1007/s11356-023-27057-3

Enterprises are important subjects in the transformation of national green development, while financial support is an important thrust to promote the fulfillment of environmental responsibility. In the dual context of building a digital inclusive financial system and green transformation of corporate production, this paper explores the impact of digital inclusive finance on corporate ESG performance and its mechanism of action through theoretical and empirical analyses using data of Chinese A-share listed enterprises from 2011 to 2020. It is found that the development of digital inclusive finance significantly contributes to the improvement of corporate ESG performance, and the impact of digital inclusive finance on corporate ESG performance has a marginal decreasing effect, while corporate green technology innovation has a marginal increasing effect on corporate ESG performance. The mechanism analysis found that corporate green technology innovation has a mediating effect. The development of digital inclusive finance can enhance the green technology innovation ability of enterprises, and the green technology innovation of enterprises enhances the green sustainability ability of enterprises and improves the ESG performance of corporates. Further research shows that the effects of digital inclusive finance and corporate green technology innovation on corporate ESG performance are industry heterogeneous and pollution degree heterogeneous. How to promote financial services to better promote the combination of corporate green development and fulfillment of social and environmental responsibility is the most direct research implication of this paper.