Effect of coupling and coordinated development of green finance and fintech on corporate risk-taking: Evidence from China

By taking all A-share listed companies as samples from 2011 to 2021, the paper empirically studies the impact of the coupling and coordinated development of green finance and fintech on the level of corporate risk-taking. The study finds that, first, the coupling and coordinated development of green finance and fintech can improve the level of corporate risk-taking. Second, the mechanisms are easing financing constraints, improving the quality of information disclosure and promoting green technology innovation. Third, in high-tech industries and state-owned enterprises, the coupling and coordinated development of the two improves the level of corporate risk-taking more significantly.