The Promotional Effect of FinTech on Corporate Green Governance Performance: Empirical Evidence Based on A-share Listed Companies

Abstract

 Driven by big data, artificial intelligence, and other cutting-edge technologies, FinTech has entered a stage of deep integration and innovation. Empowered by FinTech, corporate green governance performance breaks free from the shackles of traditional paradigms and enters a new chapter of innovation and advancement. This paper adopts the data of A-share listed companies from 2009 to 2023 to study the impact of FinTech on corporate green governance performance. The study results show that FinTech has a significant promotional effect on green governance performance, which still holds after endogeneity treatment and other robustness tests. Second, the impact of FinTech on corporate green governance performance is heterogeneous. The effect is greater for enterprises in non-technology-intensive, heavily polluting industries and industries with a low degree of competition. Third, FinTech improves the green governance performance of enterprises by promoting green innovation and increasing green credit. The research in this paper is of great practical significance for green sustainable development and provides strong support for enterprise policy making and resource allocation.