Supply chain digitalization, green technology innovation and corporate energy efficiency

IF 14.2 2区经济学 Q1 ECONOMICS Energy Economics Pub Date : 2025-02-01 Epub Date: 2024-12-25 DOI:10.1016/j.eneco.2024.108153

Zhiyi Li , Boqiang Hu , Yifei Bao , Yifei Wang

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Abstract

As global concerns over energy consumption and carbon emissions continue to intensify, improving energy efficiency has become a key challenge for organizations. There is an urgent need to explore new paths to improve energy efficiency. Based on the data of listed companies in China from 2013 to 2022 and using the implementation of supply chain innovation and application pilot work as a quasi-natural experiment, we use the PSM-DID model to assess the effect of supply chain digitization on corporate energy efficiency as well as the role of the potential mechanism of green technology innovation. It was found that supply chain digitization significantly promoted enterprise energy efficiency. The conclusion remains valid after robustness tests such as parallel trend tests, sensitivity tests, and placebo tests. Mechanistic analysis suggests that supply chain digitization can promote corporate energy efficiency by facilitating the quantity, quality, and innovation persistence of green technology innovations, which in turn promotes corporate energy efficiency. Heterogeneity analysis shows that the energy efficiency promotion effect of supply chain digitization is stronger for firms with lower institutional attention, larger scale, growth, and maturity. The conclusions of this paper suggest that policymakers and business managers should pay attention to the potential value of supply chain digitization in promoting corporate energy efficiency and supporting environmental sustainability, with a view to achieving both economic and environmental benefits.

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供应链数字化、绿色技术创新和企业能效

随着全球对能源消耗和碳排放的关注不断加剧，提高能源效率已成为组织面临的主要挑战。迫切需要探索提高能源效率的新途径。基于2013 - 2022年中国上市公司数据，以供应链创新与应用试点工作实施为准自然实验，运用PSM-DID模型评估供应链数字化对企业能效的影响，以及绿色技术创新的潜在机制作用。研究发现，供应链数字化显著提升了企业的能源效率。通过平行趋势检验、敏感性检验、安慰剂检验等稳健性检验，结论仍然有效。机制分析表明，供应链数字化可以通过促进绿色技术创新的数量、质量和创新持续性来提高企业能效，从而提高企业能效。异质性分析表明，制度关注度越低、规模越大、成长性越强、成熟度越高的企业，供应链数字化对能效的促进作用越强。本文的结论建议决策者和企业管理者应重视供应链数字化在提高企业能源效率和支持环境可持续性方面的潜在价值，以实现经济效益和环境效益的双重目标。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.