August 7, 2025SustainabilityOpen Access

Digital Finance, Financing Constraints, and Green Innovation in Chinese Firms: The Roles of Management Power and CSR

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Digital finance effectively alleviates financing constraints for Chinese firms, fostering potential for green innovation.
The study identifies a separation effect, where digital finance enhances iconic but not substantive green innovation.
Management power and CSR influence the effectiveness of digital finance in reducing financing barriers for firms.
Findings support the development of digital financial policies aimed at promoting sustainable enterprise growth.

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Empirical analysis shows digital finance reduces financing constraints in firms, highlighting management power and CSR roles.

Zhang et al. (2025) studied this question.

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