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AbstractGreen innovation is a key way for firms to establish competitive advantage and contribute to sustainable development, but it often suffers from financing constraints. In this regard, environmental, social, and governance (ESG) practices allow firms to have a wider investor base, face lower risk, and generate positive market reactions, ultimately leading to a lower cost of capital, which may potentially alleviate financing constraints and provide strong motivation for green innovation. Combining stakeholder theory with the resource‐based view (RBV), this study investigated how ESG substantially affects corporate green innovation. Based on a zero‐inflated Poisson regression analysis of 1577 listed Chinese manufacturing firms, we found that better ESG could significantly induce better corporate green innovation, and financing constraints acted as a mediator in the relationship between ESG and green innovation. Our findings contribute to a more detailed understanding of the mechanisms by which corporate pro‐social decision‐makings initiate and boost green innovation.

Purpose
Digital technologies, such as big data and artificial intelligence, significantly impact entrepreneurial activities worldwide. However, research on entrepreneurial activities enabled by digital technologies is fragmented, divergent and delayed. This study aims to provide a structured review of digital entrepreneurship (DE) to identify status, hotspots, knowledge structure, dynamic trends and future developments in this field.


Design/methodology/approach
The bibliometric analysis was applied to offer a technological review on DE. In total 704 publications and their 34,083 references from Web of Science were retrieved as the sample set. Basic characteristics of publications, including the most influential documents, authors, journals and countries, were obtained. Then, co-citation and co-occurrence analyses were conducted to sketch the contours of the structure and evolution of DE.


Findings
DE has attracted increasing attention in the past three decades, especially after 2013. There are dozens of countries, hundreds of journals and more than 1,000 authors that have contributed to this field. Based on keyword co-occurrence clustering and co-citation clustering, the authors proposed a 3E (empower, evolution and ecosystem) framework of DE to facilitate an interdisciplinary dialogue for evidence-based policymaking and practice. In the future, researchers need to pay more attention to theoretical research and study DE from a holistic and dynamic perspective with consideration to the negative impact of digital technology on entrepreneurial activities.


Originality/value
This study draws an outline of the global advance on DE research. It presents an opportunity to comprehensively understand the contemporary achievements, the march of knowledge and the logical venation underlying academic developments as well as foundations for policymaking.

We studied the relationship between investor protection, government behavior, and financial development using data covering six provinces (Guangdong, Jiangsu, Shandong, Zhejiang, Henan, and Sichuan) and two provincial-level cities (Beijing and Shanghai) in China for the period 2005–2014. Using panel data estimation techniques, we found that there is a positive relationship between investor protection and financial development; by contrast, highly-intense government intervention leads to more financial impediments. Moreover, government intervention in education could promote financial development through its contribution to having a higher amount of the fund supply. Our empirical findings have important implications for policy-makers in terms of reforming the capital market regulation. ; Full Text