University of Portsmouth, Portsmouth, UK.
Anqing Vocational and Technical College of Anhui Province, Anqing City, Anhui Province, China.
J Environ Manage. 2024 Nov;370:122990. doi: 10.1016/j.jenvman.2024.122990. Epub 2024 Oct 25.
In recent years, fintech has rapidly developed on a global scale, bringing about significant transformations across various industries. Particularly in the energy sector, the potential of fintech to promote corporate green investment has increasingly become a focus. As the energy industry accounts for a significant proportion of global greenhouse gas emissions, guiding companies in implementing green investment has become an important issue for environmental protection and sustainable development. However, previous studies have rarely systematically investigated the influence of fintech on corporate green investment in the energy industry and the mechanisms involved. Hence, this study aims to bridge this research gap within the context of China. By utilizing valid survey data from 466 corporations in the Chinese energy industry and the method of structural equation modeling, the results indicate that: (1) Fintech can promote corporate green investment in the energy industry. (2) Fintech can promote corporate data-driven decision-making capability, information transparency, and sustainable development strategy. (3) Data-driven decision-making capability, information transparency, and sustainable development strategy can also promote corporate green investment in the energy industry. (4) Mediation analysis reveals that data-driven decision-making capability, information transparency, and sustainable development strategy each play a mediating role in the impact of fintech on corporate green investment. (5) Comparative analysis of the mediation effects indicates that there is a certain degree of difference among these three variables' mediating effects, but it did not reach a statistically significant level. This study provides rich insights for business practices, encouraging companies to strengthen their focus on green investment in the fintech era and offer guidance and recommendations to relevant stakeholders, thereby providing practical guidance for corporate green transformation and sustainable development. Finally, this research also contributes to policy development and optimization.
近年来，金融科技在全球范围内迅速发展，给各个行业带来了重大变革。特别是在能源领域，金融科技促进企业绿色投资的潜力越来越受到关注。由于能源行业占全球温室气体排放的很大比例，引导企业进行绿色投资已成为环境保护和可持续发展的重要问题。然而，以往的研究很少系统地研究金融科技对能源行业企业绿色投资的影响及其内在机制。因此，本研究旨在在中国背景下填补这一研究空白。本研究利用中国能源行业 466 家企业的有效调查数据，采用结构方程模型方法，结果表明：（1）金融科技可以促进能源行业企业的绿色投资。（2）金融科技可以促进企业的数据驱动决策能力、信息透明度和可持续发展战略。（3）数据驱动决策能力、信息透明度和可持续发展战略也可以促进能源行业企业的绿色投资。（4）中介分析表明，数据驱动决策能力、信息透明度和可持续发展战略在金融科技对企业绿色投资的影响中均发挥了中介作用。（5）中介效应的比较分析表明，这三个变量的中介效应存在一定程度的差异，但没有达到统计学上的显著水平。本研究为企业实践提供了丰富的见解，鼓励企业在金融科技时代加强对绿色投资的关注，并为相关利益相关者提供指导和建议，从而为企业绿色转型和可持续发展提供实际指导。最后，本研究也为政策制定和优化做出了贡献。
