The Impact of Digital Transformation on Corporate Environment Performance: Evidence from China

被引:22
|
作者
Wang, Lei [1 ]
Liu, Shibo [2 ]
Xiong, Wanfang [3 ]
机构
[1] Huazhong Univ Sci & Technol, Sch Econ, Wuhan 430074, Peoples R China
[2] Chinese Univ Hong Kong, Sch Management & Econ, 2001 Longxiang Ave, Shenzhen 518172, Peoples R China
[3] Guangdong Univ Foreign Studies, Sch Accounting, Guangzhou Higher Educ Mega Ctr, Guangzhou 510006, Peoples R China
关键词
digital transformation; environmental pollution; total factor productivity; internal corporate governance; green innovation; GREEN GROWTH; INNOVATION; POLLUTION; PRODUCTIVITY; POLICIES; FIRMS; ICT;
D O I
10.3390/ijerph191912846
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
In recent years, the rate of climate change appears to have accelerated, and digital transformation and environmental performance have become increasingly important in the field of corporate social responsibility. Previous studies have mainly focused on the economic consequences of digital transformation. However, research on the effect of digital transformation on reducing firms' emissions is relatively rare. This study focused on two kinds of typical environmental pollutants: waste gas emissions and wastewater emissions. Using data on Chinese listed firms from 2010 to 2018 and adopting the fixed effect model to investigate the emission reduction effect and mechanism of digital transformation on waste gas emissions and wastewater emissions of firms, we found the following: (1) digital transformation significantly reduces pollution emissions; (2) the relationship is more pronounced in state-owned enterprises (SOEs), high-polluting enterprises, and economically developed regions; (3) to gain a more in-depth understanding of how digital transformation affects the pollution emission behavior of firms, we further conducted mechanism tests and found that digital transformation reduces pollution by increasing total factor productivity and green innovation and improving firms' internal controls. The above conclusions still hold after a series of robustness tests, including alternative econometric specifications and overcoming potential endogeneity with an instrumental variable. Overall, our findings provide new insights into the effect of digital transformation on environmental pollution emissions. Hence, all governments should pay more attention to digital transformation for sustainable development and improved environmental quality.
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页数:19
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