Digital transformation driving green innovation: Evidence from Chinese A-Share firms

被引:2
|
作者
Li, Hemei [1 ]
Liu, Zhenya [2 ]
Hachard, Virginie [2 ]
机构
[1] Beijing Int Studies Univ, Business Sch, Beijing 100024, Peoples R China
[2] Metis Lab, EM Normandie Business Sch, Paris, France
关键词
Green innovation; Digital transformation; Media attention; Analyst coverage; Rent-seeking behavior; CORPORATE; PERFORMANCE;
D O I
10.1016/j.iref.2024.103487
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
With its "dual carbon" goals, Chinese firms are being challenged to improve both their environmental and economic performance. Previous research has found that digital transformation can foster the development of firms in various ways. Using a fixed-effects Poisson model, we examine China's A-share listed firms from 2009 to 2022 to elucidate the relationship between digital transformations and green innovation. The results show that digital transformation significantly promotes firms' green transformations. Moreover, digital transformation affects green innovations by attracting media attention, increasing analyst coverage, and reducing firms' rent-seeking behavior. The study further demonstrates that institutional investors and comprehensive green information disclosure can augment digital transformations' positive effects on green innovation.
引用
收藏
页数:17
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