{"title":"From bytes to blooms: Tech-driven transformation and green revenues","authors":"June Cao , Zijie Huang , Ari Budi Kristanto","doi":"10.1016/j.eneco.2025.108312","DOIUrl":null,"url":null,"abstract":"<div><div>Exploiting the staggered implementation of city-level Broadband China Pilot as an exogenous increase in digital transformation, this study investigates whether and how tech-driven transformation affects firms' green revenues. Using a difference-in-differences model, we find that firms' digital transformation enhances green revenues following the implementation of this policy. We document that higher environmental regulatory intensity and enhanced environmental protection practices serve as underlying mechanisms. Further analyses reveal that this impact is more pronounced among firms experiencing overinvestment and those with higher green capabilities. Our study contributes to the net-zero framework by providing a collaboration channel between micro- and macro-level institutional mechanisms to achieve a win-win scenario between economic efficiency and environment friendliness.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"144 ","pages":"Article 108312"},"PeriodicalIF":14.2000,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0140988325001355","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/2/27 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Exploiting the staggered implementation of city-level Broadband China Pilot as an exogenous increase in digital transformation, this study investigates whether and how tech-driven transformation affects firms' green revenues. Using a difference-in-differences model, we find that firms' digital transformation enhances green revenues following the implementation of this policy. We document that higher environmental regulatory intensity and enhanced environmental protection practices serve as underlying mechanisms. Further analyses reveal that this impact is more pronounced among firms experiencing overinvestment and those with higher green capabilities. Our study contributes to the net-zero framework by providing a collaboration channel between micro- and macro-level institutional mechanisms to achieve a win-win scenario between economic efficiency and environment friendliness.
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.
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