Purpose This study examines the impact of Fintech credit on green innovation across countries. As global efforts to promote sustainable development intensify, understanding how alternative financing mechanisms, including Fintech credit, influence environmental innovation becomes increasingly relevant. Design/methodology/approach The study employs a cross-national panel dataset covering the period from 2013 to 2019. Green innovation is measured by the number of environment-related inventions by domestic inventors. Fintech credit is measured by its total volume. Ordinary least squares regression is applied. Findings Fintech credit is shown to have a positive effect on green innovation, although this influence depends on the components of the former. Furthermore, the positive impact is stronger in countries with limited capital supply and lower levels of financial development, indicating a substitution effect of Fintech credit. Originality/value This study advances the finance – innovation literature by offering cross-country evidence on the heterogeneous effects of digital credit on green innovation. By distinguishing Fintech from Bigtech credit and analyzing key moderating factors, it clarifies how different digital financial channels and country-specific conditions shape innovation outcomes.
Tran et al. (Mon,) studied this question.
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