绿色金融对绿色技术转移的非线性影响研究  

The Non-linear Impact of Green Finance on Green Technology Transfer

作　　者：姚定俊[1] 张雨 胡进展 Yao Dingjun;Zhang Yu;Hu Jinzhan

机构地区：[1]南京财经大学金融学院,江苏南京210023 [2]南开大学经济学院,天津300071

出　　处：《上海金融》2025年第1期57-68,共12页Shanghai Finance

基　　金：国家社会科学基金重大项目“绿色低碳循环发展经济体系建设研究”(24ZDA097);江苏省研究生科研与实践创新计划项目“企业发行绿色债券降低了股价崩盘风险吗?”(KYCX24_1958)的阶段性成果。

摘　　要：基于2010-2021年我国30个省区市的面板数据,使用面板固定效应模型研究绿色金融对绿色技术转移的非线性影响。研究发现:第一,绿色金融对绿色技术转移具有显著的倒U型影响;第二,劳动力错配会弱化绿色金融对绿色技术转移的非线性影响;第三,绿色金融对绿色技术转移的倒U型影响在研发强度较高的地区更显著;第四,绿色信贷对绿色技术转移的影响不显著,绿色保险会抑制绿色技术转移,而绿色证券和绿色投资会促进绿色技术转移。基于此,本文提出了有关政策建议。Based on the panel data of 30 provinces,autonomous regions and municipalities directly under the Central Government in China from 2010 to 2021,the paper employs a panel fixed-effects model to study the nonlinear impact of green finance on green technology transfer.The findings reveal that:First,green finance has a significant inverted U-shaped impact on green technology transfer.Second,labor mismatch weakens the non-linear impact of green finance on green technology transfer.Third,the inverted U-shaped impact of green finance on green technology transfer is more pronounced in regions with higher R&D intensity.Fourth,green credit has a non-significant effect on green technology transfer,green insurance suppresses green technology transfer,while green securities and green investment promote it.Based on these findings,this paper proposes targeted policy suggestions for promoting green technology transfer from the perspective of green finance.

关 键 词：绿色金融 绿色技术转移 熵权TOPSIS 倒U型关系 

分 类 号：F832[经济管理—金融学]