Does digital transformation promote the green innovation of China's listed companies?

被引:1
|
作者
Liang, Peng [1 ]
Sun, Xinhui [2 ]
机构
[1] Capital Univ Econ & Business, Coll Accounting, 121 Zhangjia Rd, Beijing, Peoples R China
[2] Univ Int Business & Econ, Business Sch, 10 Huixin Dongjie, Beijing, Peoples R China
基金
中国国家自然科学基金;
关键词
Digital transformation; Green innovation; Environmental management; Human capital; Resource allocation efficiency; FIRM PERFORMANCE; TECHNOLOGY; ADVANTAGE; BARRIERS;
D O I
10.1007/s10668-024-05059-6
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Green innovation is essential to sustainable development and carbon neutrality. How to adopt digital technology to promote corporate green innovation (CGI) has become a widespread topic among scholars. This paper examines how digital transformation influences CGI in Chinese non-financial listed companies from 2008 to 2020. Using textual analysis to construct indicators of digital transformation, we find that CGI can be significantly enhanced by enterprise digital transformation in both quantity and quality. We also explore the underlying channels and find that enterprise digital transformation promotes CGI by improving environmental management, human capital upgrading, and resource allocation efficiency. Moreover, we investigate the moderating effects of various factors and conclude that enterprise digital transformation's favorable effects on CGI are more pronounced in companies with good environmental responsibility, labor-intensive industries, high financial risks, intense market competition, and state-owned enterprises, as well as in companies located in regions with strong environmental regulations and a low level of digital economy development. This paper contributes to the literature on green innovation and digital transformation, as well as provides empirical evidence for enterprises in emerging market countries to promote energy saving and green transformation using digital technology.
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页码:22199 / 22235
页数:37
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