The Coupling and Driving Effect of Financial Technology and Green Venture Capital

Ying Cai; Liyan Pan; Bin Qian; Yuqing Wang; Shanzhi Xu; Jiaming Zhu

doi:10.54097/jid.v2i3.7289

Authors

Ying Cai
Liyan Pan
Bin Qian
Yuqing Wang
Shanzhi Xu
Jiaming Zhu

DOI:

https://doi.org/10.54097/jid.v2i3.7289

Keywords:

Financial technology, Green venture capital, System coupling, Fixed effect, Panel Data

Abstract

The “supply side” of financial technology is coupled with the “demand side” of green venture capital development, which has played a guiding role in technological change and industrial upgrading and will promote great changes in the financial industry. As an important part of the financial industry, green investment has high-risk characteristics, and financial technology plays a key role in reducing the risk of green investment. In this paper, firstly, by extracting the data of 31 provinces, municipalities, and autonomous regions from 2013 to 2020, the measurement system of financial technology and green venture capital is constructed, and then the regression model is constructed to empirically analyze the relationship between financial technology and green venture capital, and the robustness test and the calculation of coupling degree are carried out. Finally, based on the analysis results, some feasible suggestions are put forward in order to improve the coupling degree between financial technology and green venture capital.

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