How Does Social Financing Structure Affect Corporate Sustainable Development? A Dual Perspective on the Quantity and Quality of Green Innovation
社会金融構造は企業の持続可能な発展にどのように影響するか？— グリーンイノベーションの量と質の二重の視点から (AI 翻訳)
Wei Wang, Yizhang Ye, Lei Qin, Zhao Wan
🤖 gxceed AI 要約
日本語
本稿は中国の上場企業データを用いて、地域の社会金融構造の市場化度が企業のグリーンイノベーションの量と質に与える影響を分析。市場化度が高いほど、グリーンイノベーションが促進されることを発見。地域資源配分、グリーン投資家の関与、経営者選好がメカニズムとして機能。金融市場化改革への示唆を提供。
English
This study uses Chinese listed company data to examine how regional social financing structure affects corporate green innovation quantity and quality. It finds that a higher degree of marketization in financing structure increases both quantity and quality of green innovation. The mechanism involves regional resource allocation, green investor involvement, and managerial preferences. Findings support financial marketization reforms.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国の地域金融構造とグリーンイノベーションの関係を実証。日本では、地域金融機関の役割やESG投資の地域差が議論されており、比較研究の材料として有用。ただし中国特有の制度環境に基づくため、直接適用には注意が必要。
In the global GX context
This paper provides empirical evidence from China on how financing structure influences corporate green innovation. For global GX context, it highlights the importance of financial marketization for sustainable innovation. Researchers and practitioners can consider how regional financing conditions affect firms' green R&D, which is relevant for transition finance discussions.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the link between regional financing structure and green innovation quantity/quality using Chinese data.
🏢実務担当者:Corporate sustainability teams can consider how local financing marketization affects their green innovation strategies.
🏛政策担当者:Policymakers can use findings to design financial market reforms that incentivize green innovation.
📄 Abstract（原文）
The regional social financing structure is a critical external financing environment for enterprises. This environment influences corporate sustainable development by affecting firms’ resource allocation and shaping their preferences. This dynamic has not been sufficiently researched. To address this, this study uses data about Chinese non-financial listed companies and data about regional social financing structure to investigate the impact of different regional social financing structures on the quantity and quality of green innovation by enterprises in specific regions. The study finds that a higher degree of marketization in the regional social financing structure increases the quantity and quality of corporate green innovation. The regional social financing structure primarily affects corporate green innovation through the allocation of regional factor resources, investments by green investors, and managerial preferences. This research expands the literature concerning financial structure and corporate sustainable development. The results provide evidence relevant to financial marketization reforms and offer practical implications for firms seeking to strengthen green innovation performance, thereby contributing to sustainable development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/su18073596first seen 2026-05-15 20:56:28
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