The Study of The Impact of Digital Finance on Corporate Green Investment

Abstract

Green investment is an important way to strengthen pollution control and improve environmental quality. In recent years, in the rapid development of the economy at the same time, China is facing the serious problem of serious environmental pollution and lack of resources, change the mode of development, construction of a set of innovation, wisdom, high efficiency, green as one of the development model has become the future of China's enterprise development strategy of a major shift. In the future development of enterprises, green investment is a crucial part of breaking the traditional development model that has long relied excessively on high inputs, high pollution and high emissions, and shifting to a green and high-quality development model that relies more on technological advancement, efficiency improvement, and pollution and carbon reduction. Compared with traditional finance, digital finance expands the breadth and depth of financial development, and is a more sustainable, environmentally friendly and efficient mode of financial development, which may be able to become an important engine for corporate green investment.Based on the data of Chinese listed companies from 2011-2021, this paper studies the impact of digital finance development on corporate green investment. The empirical results show that digital finance significantly increases firms' green investment, and this conclusion still holds after a series of robustness tests.