数字化转型如何助力绿色发展——基于企业绿色创新的视角

doi:10.16088/j.issn.1001-6597.2024.04.010

Abstract

Abstract: Promoting a comprehensive green transformation of economic and social development is an inherent requirement for building a “Beautiful China”. With the rapid development of the digital economy, the deep integration of digital technology and the real economy will become a new driving force for green development. This paper, based on data from Chinese listed companies, systematically examines the impact and mechanism of digital transformation on green innovation. The empirical results indicate that digital transformation has significantly improved green innovation in enterprises, mainly indebted to more application of green invention patents. These results are robust to the use of the instrumental variable estimation approach based on the “Broadband China” and a battery of robustness tests. The effect of corporate digital transformation on green innovation, heterogeneity analysis shows, is stronger for state-owned enterprises, the high-polluting industries, and firms in areas with better internet infrastructure. Mechanism testing shows that digital transformation mainly promotes green innovation in enterprises by strengthening government and public supervision, alleviating financial constraints, and optimizing the human capital structure of enterprises. Further research has found that digital transformation significantly improves corporate environmental performance and effectively reduces urban pollution emissions, indicating that digital transformation contributes to green economic and social development. The research findings reveal the significant impact of digital transformation on green innovation in enterprises, providing decision-making basis for promoting green transformation of development methods in the digital age to achieve high-quality development.

Key words: digital transformation, green innovation, green development, broadband China

CLC Number: F273.1

LIU Chun, YU Jin-tao, GONG Xing-yu, ZHANG Yi. How Digital Transformation Promotes Green Development: Evidences from the Perspective of Corporate Green Innovation[J].Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(4): 97-115.

References

[1] 许宪春,任雪,常子豪. 大数据与绿色发展[J]. 中国工业经济, 2019(4): 5-22.
[2] 解学梅,朱琪玮. 企业绿色创新实践如何破解“和谐共生”难题？[J]. 管理世界,2021(1): 128-149.
[3] 韦施威,杜金岷,潘爽. 数字经济如何促进绿色创新——来自中国城市的经验证据[J]. 财经论丛, 2022(11): 10-20.
[4] 王海,沈盈盈,李言. 数字经济发展与地区绿色创新:负担还是赋能? [J]. 现代财经(天津财经大学学报), 2023(5): 34-49.
[5] 宋德勇,朱文博,丁海. 企业数字化能否促进绿色技术创新？——基于重污染行业上市公司的考察[J]. 财经研究, 2022(4): 34-48.
[6] 申明浩,谭伟杰. 数字化与企业绿色创新表现——基于增量与提质的双重效应识别[J]. 南方经济, 2022(9): 118-138.
[7] 张泽南,钱欣钰,曹新伟. 企业数字化转型的绿色创新效应研究:实质性创新还是策略性创新?[J]. 产业经济研究, 2023(1): 86-100.
[8] 祁怀锦,刘斯琴. 企业数字化发展对绿色创新的影响及其作用机理[J]. 当代经济科学, 2023(4): 72-83.
[9] 刘海曼,龙建成,申尊焕. 数字化转型对企业绿色创新的影响研究[J]. 科研管理, 2023(10): 22-34.
[10] 王海,郭冠宇,尹俊雅. 数字化转型如何赋能企业绿色创新发展[J]. 经济学动态, 2023(12): 76-91.
[11] Porter M E, van der Linde C. Toward a new concept of the environment-competitiveness relationship[J]. Journal of Economic Perspectives, 1995, 9(4): 97-118.
[12] 王馨,王营. 绿色信贷政策增进绿色创新研究[J]. 管理世界, 2021(6): 173-188.
[13] Tu M, Zhang B, Xu J, et al. Mass media, information and demand for environmental quality: evidence from the “Under the Dome”[J]. Journal of Development Economics, 2019, 143:102402.
[14] Zheng S, Kahn M E, Sun W, et al. Incentives for China’s urban mayors to mitigate pollution externalities: the role of the central government and public environmentalism[J]. Regional Science and Urban Economics, 2014, 47:61-71.
[15] 李青原,肖泽华. 异质性环境规制工具与企业绿色创新激励——来自上市企业绿色专利的证据[J]. 经济研究, 2020(9): 192-208.
[16] 柳春,张一,姚炜. 金融发展、地方政府帮助和私营企业银行贷款[J]. 经济学(季刊), 2020(1): 107-30.
[17] 张璇,李子健,李春涛. 银行业竞争、融资约束与企业创新——中国工业企业的经验证据[J]. 金融研究, 2019(10): 98-116.
[18] Petersen M A, Rajan R G. Trade credit: theories and evidence[J]. The Review of Financial Studies, 1997, 10(3): 661-691.
[19] Fisman R, Love I. Trade credit, financial intermediary development, and industry growth[J]. The Journal of Finance, 2003, 58(1): 353-374.
[20] Adams R, Jeanrenaud S, Bessant J,et al. Sustainability-oriented innovation: a systematic review[J]. International Journal of Management Reviews, 2016, 18(2): 180-205.
[21] Xu Q P, Kim T. Financial constraints and corporate environmental policies[J]. The Review of Financial Studies, 2022, 35(2): 576-635.
[22] Xie F, Zhang B, Zhang W. Trust, incomplete contracting, and corporate innovation[J]. Management Science, 2022, 68(5): 3419-3443.
[23] 王永进,匡霞,邵文波. 信息化、企业柔性与产能利用率[J]. 世界经济, 2017(1): 67-90.
[24] Balsmeier B, Woerter M. Is this time different? How digitalization influences job creation and destruction[J]. Research Policy, 2019, 48(8): 103765.
[25] Ketata I, Sofka W, Grimpe C. The role of internal capabilities and firms’ environment for sustainable innovation: evidence for Germany[J]. R&D Management, 2015, 45(1): 60-75.
[26] Xie X, Huo J, Zou H. Green process innovation, green product innovation, and corporate financial performance: a content analysis method[J]. Journal of Business Research, 2019, 101: 697-706.
[27] Huang J W, Li Y H. Green innovation and performance: the view of organizational capability and social reciprocity[J]. Journal of Business Ethics, 2017, 145(2): 309-324.
[28] Kong D, Wang Y, Zhang J. Efficiency wages as gift exchange: evidence from corporate innovation in China[J]. Journal of Corporate Finance, 2020, 65(3):101725.
[29] Cameron C A, Miller D L. A practitioner’s guide to cluster-robust inference[J]. Journal of Human Resources, 2015, 50(2): 317-372.
[30] Cui J, Zhang J, Zheng Y. Carbon pricing induces innovation: evidence from China’s regional carbon market pilots[J]. AEA Papers and Proceedings, 2018, 108:453-457.
[31] 徐佳,崔静波. 低碳城市和企业绿色技术创新[J]. 中国工业经济, 2020(12): 178-196.
[32] 黎文靖,郑曼妮. 实质性创新还是策略性创新?——宏观产业政策对微观企业创新的影响[J]. 经济研究, 2016(4): 60-73.
[33] 戚聿东,肖旭. 数字经济时代的企业管理变革[J]. 管理世界, 2020(6): 135-152.
[34] 吴非,胡慧芷,林慧妍,等. 企业数字化转型与资本市场表现——来自股票流动性的经验证据[J]. 管理世界, 2021(7): 130-144.
[35] 陈春花,朱丽,钟皓,等. 中国企业数字化生存管理实践视角的创新研究[J]. 管理科学学报, 2019(10): 1-8.
[36] 李春涛,闫续文,宋敏,等. 金融科技与企业创新——新三板上市公司的证据[J]. 中国工业经济, 2020(1): 81-98.
[37] 刘瑞明. 中国的国有企业效率:一个文献综述[J]. 世界经济, 2013(11): 136-160.
[38] Jiang F, Kim K A. Corporate governance in China: a survey[J]. Review of Finance, 2020, 24(4): 733-772.
[39] Bai C E, Lu J, Tao Z. The multitask theory of state enterprise reform: empirical evidence from China[J]. American Economic Review, 2006, 96(2): 353-357.
[40] 吕长江,赵宇恒. 国有企业管理者激励效应研究——基于管理者权力的解释[J]. 管理世界, 2008(11): 99-109.
[41] Chen Y C, Hung M, Wang Y. The effect of mandatory CSR disclosure on firm profitability and social externalities: evidence from China[J]. Journal of Accounting and Economics, 2018, 65(1): 169-190.
[42] 黄群慧,余泳泽,张松林. 互联网发展与制造业生产率提升:内在机制与中国经验[J]. 中国工业经济, 2019(8): 5-23.
[43] 赵涛,张智,梁上坤. 数字经济、创业活跃度与高质量发展——来自中国城市的经验证据[J]. 管理世界, 2020(10): 65-76.
[44] Xu Y X, Xuan Y, Zheng G. Internet searching and stock price crash risk: evidence from a quasi-natural experiment[J]. Journal of Financial Economics, 2021, 141(1): 255-275.
[45] Xie T, Yuan Y, Zhang H. Information, awareness, and mental health: evidence from air pollution disclosure in China[J]. Journal of Environmental Economics and Management, 2023, 120:102827.
[46] 孙鲲鹏,王丹,肖星. 互联网信息环境整治与社交媒体的公司治理作用[J]. 管理世界, 2020(7): 106-132.
[47] Chen Y, Liu M, Su J. Greasing the wheels of bank lending: evidence from private firms in China[J]. Journal of Banking & Finance, 2013, 37(7): 2533-2545.
[48] Li D, Yi L, Ng Travis, et al. Does trade credit boost firm performance?[J]. Economic Development and Cultural Change, 2016, 64(3): 573-602.
[49] 孙伟增,郭冬梅. 信息基础设施建设对企业劳动力需求的影响:需求规模、结构变化及影响路径[J]. 中国工业经济, 2021(11): 78-96.
[50] Di Giuli A, Kostovetsky L. Are red or blue companies more likely to go green? Politics and corporate social responsibility[J]. Journal of Financial Economics, 2014, 111(1): 158-180.
[51] Cronqvist H, Yu F. Shaped by their daughters: executives, female socialization, and corporate social responsibility[J]. Journal of Financial Economics, 2017, 126(3): 543-562.
[52] Xiao G, Shen S. To pollute or not to pollute: political connections and corporate environmental performance[J]. Journal of Corporate Finance, 2022, 74: 102214.
[53] 宋弘,孙雅洁,陈登科. 政府空气污染治理效应评估——来自中国“低碳城市”建设的经验研究[J]. 管理世界, 2019(6): 95-108.

Metrics

Viewed

Full text

Abstract

Cited

Shared

Discussed

Comments

Recommended 10

[1]	WU Hong-zheng. Marx's Theory of World History and the Construction of a Unified New Culture[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(3): 1 -9 .
[2]	FU Wen-jun. Theoretical Interpretation of the Proposition that Capital Creates Culture[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(3): 10 -19 .
[3]	WANG Dian-li, WANG Wen-ting. Theoretical Reflection on Public Services for Modernization of Governance: Connotation, Requirements, and Paths[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(3): 20 -31 .
[4]	CHEN Shui-sheng, ZHU Chen-lang. Steering with Robustness: Logic and Strategies of National Governance for Mega Projects —A Case Study of “West-East Gas Transmission” Project[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(3): 32 -45 .
[5]	HU Ye-fei, ZHANG Yi-meng. Smart Governance in Smart City Construction: Empowerment Mechanism and Achievement Paths[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(3): 46 -58 .
[6]	HAN Xi-ping, YANG Yu-chuan. China’s Path to Modernization: A New Form of Human Civilization[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(4): 1 -8 .
[7]	WANG Min-guang, JIN Yu. An Exploration of China’s Fine Traditional Culture Elements in Xi Jinping Thought on Culture[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(4): 9 -17 .
[8]	ZHENG Zhi-feng,LUO Li-cheng. Hierarchical Data Governance for the Promotion of the “AI+” Initiative[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(4): 18 -28 .
[9]	ZHONG Xiao-wen, GAO Jie. Risks Assessment and the Governance Paths of “AI + Healthcare”[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(4): 29 -41 .
[10]	ZHU Teng-wei. Deconstruction, Inspection and Implementation of Algorithmic Justice in the Context of “AI+” Initiative: A perspective of Equity of Rights[J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(4): 42 -52 .

How Digital Transformation Promotes Green Development: Evidences from the Perspective of Corporate Green Innovation

PDF (PC)

Abstract

Cite this article

share this article

References

Related Articles 4

Metrics

Comments

Recommended 10

[1]	YIN Chun-jie, ZHOU Xin-shan, Gao Jin-ling. The Value, Risks and Countermeasures of Digital Textbook Application [J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(3): 130-138.
[2]	ZHENG Yue-ping, MEI Hong, WU HAN-rui. Why Is Data Governance at the Primary-level a Tough Job? —An Analysis Based on the Perspective of Multi-lag Theory [J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(2): 28-41.
[3]	WU Wei-hong, QIN Zhen, ZHANG Ai-mei, LIU Ying. Research on the Collaborative Impact Mechanism of Enterprise Digital Transformation and Government Digital Governance on the Innovation “Improvement in Both Quantity and Quality” [J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2024, 60(2): 42-58.
[4]	RONG Zhi, WU Lei, LI Jie. Digital Transformation of Primary-level Governance Driven by Public Value:Observation Based on the Operation of “Two Networks” [J]. Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition), 2022, 58(1): 49-62.