{"title":"Does digital transformation promote the green innovation of China’s listed companies?","authors":"Peng Liang, Xinhui Sun","doi":"10.1007/s10668-024-05059-6","DOIUrl":null,"url":null,"abstract":"<div><p>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.</p></div>","PeriodicalId":540,"journal":{"name":"Environment, Development and Sustainability","volume":"26 9","pages":"22199 - 22235"},"PeriodicalIF":4.7000,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environment, Development and Sustainability","FirstCategoryId":"93","ListUrlMain":"https://link.springer.com/article/10.1007/s10668-024-05059-6","RegionNum":3,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
引用次数: 0
Abstract
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.
期刊介绍：
Environment, Development and Sustainability is an international and multidisciplinary journal covering all aspects of the environmental impacts of socio-economic development. It is also concerned with the complex interactions which occur between development and environment, and its purpose is to seek ways and means for achieving sustainability in all human activities aimed at such development. The subject matter of the journal includes the following and related issues:
-mutual interactions among society, development and environment, and their implications for sustainable development
-technical, economic, ethical and philosophical aspects of sustainable development
-global sustainability - the obstacles and ways in which they could be overcome
-local and regional sustainability initiatives, their practical implementation, and relevance for use in a wider context
-development and application of indicators of sustainability
-development, verification, implementation and monitoring of policies for sustainable development
-sustainable use of land, water, energy and biological resources in development
-impacts of agriculture and forestry activities on soil and aquatic ecosystems and biodiversity
-effects of energy use and global climate change on development and sustainability
-impacts of population growth and human activities on food and other essential resources for development
-role of national and international agencies, and of international aid and trade arrangements in sustainable development
-social and cultural contexts of sustainable development
-role of education and public awareness in sustainable development
-role of political and economic instruments in sustainable development
-shortcomings of sustainable development and its alternatives.
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