Research on the Promotion of Green Total Factor Productivity of Small and Medium-sized Manufacturing Enterprises in China by Fintech

DOI

10.2991/978-94-6463-888-2_59How to use a DOI?

Keywords

Green Total Factor Productivity; Fintech Development; Small and Medium-sized Enterprises; Carbon Neutrality / Dual Carbon Strategy; Green Technology Adoption

Abstract

Under the background of the “dual carbon” strategy, enhancing the Green Total Factor Productivity (GTFP) of the manufacturing industry has become a core issue for achieving high-quality development in China. Based on the panel data of small and medium-sized manufacturing enterprises in China from 2009 to 2020, this paper systematically calculates the GTFP at the enterprise level by using the super-efficiency SBM model combined with unexpected output. Meanwhile, a multi-dimensional fintech development index including the search popularity of fintech, the number of patents and the distribution of enterprises is constructed, and an empirical regression analysis is conducted using the systematic GMM method. The results show that fintech has a significant positive promoting effect on GTFP of small and medium-sized enterprises, with a regression coefficient of 0.176 (p<0.01). Mechanism tests show that fintech exerts its effects through two paths: alleviating financing constraints and increasing the adoption rate of green technologies. Heterogeneity analysis revealed that this effect was more pronounced in regions with well-developed digital infrastructure and in highly polluting industries, increasing GTFP by approximately 15.2% and 18.7% respectively. This article provides policy implications for promoting the integration of green financial technology and manufacturing.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Xiangcheng Wang
PY  - 2025
DA  - 2025/12/03
TI  - Research on the Promotion of Green Total Factor Productivity of Small and Medium-sized Manufacturing Enterprises in China by Fintech
BT  - Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)
PB  - Atlantis Press
SP  - 618
EP  - 623
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-888-2_59
DO  - 10.2991/978-94-6463-888-2_59
ID  - Wang2025
ER  -