26 U 0206:23-04-26 0206:23-04-26 08:30:00.000 0206:23-04-26 utf8 0 Osu Text txt Computermedien c Online-Ressource cr 1969432047 10.1080/00036846.2025.2452537 KXP 1969432047 eng rda 2026 https://www.tandfonline.com/doi/pdf/10.1080/00036846.2025.2452537?download=true application/pdf H ZZ https://doi.org/10.1080/00036846.2025.2452537 R ZZ ZDB-1-TFL-article ZDB-7-TFS-article Green finance and "greenization" of enterprise's technology based on evolutionary game theory and empirical test in China Shaozhou Qi, Mengyu Jia, Xiaoxiao Zhou and Teng Zhang 875253873 Tpv3 gnd/1122230907 481211268 piz Qi Shaozhou VerfasserIn aut 1900439980 Tpv3 gnd/1340491095 piz Jia Mengyu VerfasserIn aut 1755704992 Tpv3 gnd/1232003514 piz Zhou Xiaoxiao VerfasserIn aut 1936046148 Tpv3 gnd/1376572036 piz Zhang Teng VerfasserIn aut 58 2026 2 314-331 Enthalten in 269016880 Obv zdb/1473581-7 077662199 1466-4283 Applied economics New York, NY Routledge 1969 Online-Ressource 202600000580002686 FS Green finance DE-206 FS green innovation DE-206 FS evolutionary game DE-206 FS total factor productivity DE-206 FS China DE-206 49 Aufsatz in Zeitschrift Article 26 PICA 23-04-26 08:30:00.000 utf8 23-04-26 6877 0206 Green innovation emerges as a pivotal breakthrough for expediting the shift towards a sustainable green development model. Green Finance Reform and Innovation Pilot Zones (GFRIPZ), functioning as a comprehensive policy initiative, harness diverse policy instruments to catalyse the green transformation of enterprises. Constructing a tripartite game model (government, banks, enterprises), this study sheds light on the green evolution of enterprises' strategic behaviour with the incentive of GFRIPZ, and explains the underlying mechanism of green finance for green innovation. Data of Chinese listed companies (2007–2019) are used to test the mechanism and specific effect of green finance with the difference-in-differences method. The findings reveal that green finance effectively promotes enterprises' adoption of green innovation strategies. The mechanism appears to be that green finance promotes green innovation by increasing environmental protection investment, reducing financing constraints and improving total factor productivity. Meanwhile, enterprise digitization and industry-finance integration play a positive synergistic role in connecting green finance and green innovation. Besides, the promoting effect of green finance on green innovation in large, non-polluting and mature enterprises is more prominent relative to that in others. This study elucidates the micro-mechanisms underlying green finance system design that foster green innovation and achieve high-quality economic development. 23-04-26 23-04-26 08:30:00.000 utf8 23-04-26 6877 0206 4957128464 23-04-26 x1z