Research on the Micro-Driving Mechanism of Digital Finance on the Green Technology Innovation of Chinese Enterprises

Abstract

Green technology innovation is an important driving force for the sustainable development of Chinese enterprises, and digital finance can play a huge driving role in the green technology innovation of enterprises. Digital finance is the current trend of financial innovation, which can promote the comprehensive development of economy and society. Digital finance has played a certain driving role in the green technology innovation of Chinese enterprises, but there are still many deficiencies. The empirical research discusses the micro driving mechanism of digital finance for green technology innovation of Chinese enterprises, finds the shortcomings and puts forward the direction of improvement, so as to more effectively realize the driving value of digital finance to green technology innovation of enterprises. It is found that the driving function of digital finance is significantly higher than that of digital finance application; digital finance has significant driving function of green design innovation and green product innovation, but green production innovation is weak. The regulating function of digital level and corporate social responsibility exist, but has not been fully played. The digital finance driving function of enterprises in eastern region is significantly higher than that of central and western enterprises, and the digital finance driving function of medium-sized enterprises is significantly higher than that of large and small enterprises.