articleInnovation and Green DevelopmentOct 31, 2023DIAMOND OA

Financial innovation and digitalization promote business growth: The interplay of green technology innovation, product market competition and firm performance

Shanghai Jiao Tong University · University of Castilla-La Mancha · +4 more institutions

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Abstract

With the emergence of technological innovations, digital finance with a blend of new models and the development of inclusive financial innovation shows great significance for business firms to emphasize innovative and competitive product market competition. Thus, financial digitalization and business environment directives help improve the financial performance of business enterprises. This study assesses the role of product market competitiveness on firm performance through the mediating role of digital financial innovation. The annual data of 90 companies from 2014 to 2020 is taken from the Pakistan stock exchange market. The empirical results are estimated using three paths by the Structural Equation Model…

Citation impact

188
total citations
FWCI
104.18
Percentile
100%
References
108
Citations per year

Authors

6

Topics & keywords

Keywords
  • Competition (biology)
  • Business
  • Product innovation
  • Industrial organization
  • Market competition
  • Technology innovation
  • Product (mathematics)
  • New product development
UN Sustainable Development Goals
  • Industry, innovation and infrastructure
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