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Academic Journal of Business & Management, 2025, 7(6); doi: 10.25236/AJBM.2025.070602.

The Impact of Green Finance on Manufacturing Resilience: Perspectives from Technological Innovation and Energy Structure

Author(s)

Kang Wang, Shuai Liu

Corresponding Author:
Kang Wang
Affiliation(s)

School of Economics, Beijing Wuzi University, Beijing, China

Abstract

This study examines the impact of green finance on manufacturing resilience and its underlying mechanisms using panel data from 30 Chinese provinces between 2012 and 2022. By constructing a comprehensive evaluation system for manufacturing resilience that encompasses three dimensions and introducing technological innovation and energy structure transition as mediating variables, the empirical analysis reveals the following findings: (1) Green finance has a significantly positive effect on manufacturing resilience. (2) Both technological innovation and energy structure transformation serve as partial mediators in the relationship between green finance and manufacturing resilience. (3) Regional heterogeneity analysis indicates that the positive impact of green finance is most pronounced in eastern China, while its effects are weaker in other regions.

Keywords

Green finance; Manufacturing Resilience; energy structure transition

Cite This Paper

Kang Wang, Shuai Liu. The Impact of Green Finance on Manufacturing Resilience: Perspectives from Technological Innovation and Energy Structure. Academic Journal of Business & Management (2025), Vol. 7, Issue 6: 7-14. https://doi.org/10.25236/AJBM.2025.070602.

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