Social credit, green finance, and technological innovation: Basis for enhanced green economy framework

International Journal of Research Studies in Educational Technology
CollabWritive Special Issue
Volume 8, Issue Number 1

Available Online: 5 July 2024

Author/s:

Yu, Nannan
Graduate School, Lyceum of the Philippines University – Batangas, Philippines

Abstract:

The thesis studies a green economic framework that highlights the outstanding contributions of various dimensions such as social credit, sustainable economy, and innovation in the field of technology to the progress of a sustainable economy. Through empirical research, SPSS data analysis software was used to conduct descriptive statistics and inferential analysis of questionnaire data. A total of 400 respondents participated in the questionnaire of this article, which revealed the current evaluation status of social credit, sustainable economy, and innovation to develop environment-friendly economy and obtain the interrelationship between these green economic factors. Research shows that respondents show no disagreement with the influence of evaluation indicators related to social credit, green finance, and technological innovation on green economic development, and confirms that factors such as credit, transparency, sustainable practices, environment and social governance play a role in shaping social credit and green finance importance. The study also reveals the analysis of the importance of customer satisfaction and technological innovation for companies to gain market competitiveness. Through studies about the relationship between social credit, green finance and technological innovation, the conclusion is that there is a positive and significant connection between social credit, sustainable finance, and innovation in the field of technology. So, social credit contributes to the development of environment-friendly finance and innovation in technology. Good social credit of enterprises will bring higher green financial efficiency and innovation in the field of technology. In the meantime, a strong positive relationship exists between sustainable finance and innovation in technology, that is, the higher the effectiveness of green finance, the greater the influence of technological innovation. This article also constructs a framework for green economic development. The green economic enhancement framework includes social credit, green finance, and technological innovation. Finally, this article provides researchers with suggestions with certain empirical reference significance for promoting the advancement of sustainable economy, laying an important foundation for the subsequent development of environment-friendly economy.

Keywords: social credit, green finance, technological innovation, green economy, framework

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DOI: https://doi.org/10.5861/ijrset.2024.8002

Cite this article:
Yu, N. (2024). Social credit, green finance, and technological innovation: Basis for enhanced green economy framework. International Journal of Research Studies in Educational Technology, 8(1), 9-23. https://doi.org/10.5861/ijrset.2024.8002