| Title | Can digital economy foster synergistic increases in green innovation and corporate value? Evidence from China |
|---|---|
| ID_Doc | 62420 |
| Authors | Song, GM; Wang, FY; Dong, F |
| Title | Can digital economy foster synergistic increases in green innovation and corporate value? Evidence from China |
| Year | 2024 |
| Published | Plos One, 19, 6 |
| Abstract | The rapid evolution of the digital economy has significantly accelerated progress towards achieving green and sustainable processes, particularly in the field of green production. While existing research has delved into the effects of the digital economy on Green Innovation (GI) and the consequences of digital transformation on Corporate Value (CV), there remains a notable gap in the literature regarding the potential for synergistic enhancements in firms' GI&CV through the ongoing digital revolution. This study utilizes an evolutionary game model and employs system dynamics methods to simulate the dynamic evolution trajectory of the influence of the digital economy on the synergy between GI&CV. Subsequently, it empirically assesses the interconnected synergies between GI&CV using a dataset comprising information from Chinese listed firms spanning from 2011 to 2020, examining the impact of the digital economy on these synergies. Moreover, the study delves into the analysis of the transmission mechanism and conducts an extended investigation to further explore this phenomenon. The findings of this paper including: (1) The digital economy acts as a driving force behind the synergistic enhancement of firm GI&CV. Moreover, this effect is further augmented by governmental environmental regulation and green subsidy policies. (2) Drawing upon the information asymmetry theory and the resource-based theory, the regional marketization level and firms' digital transformation play intermediary roles. (3) The heterogeneity test indicate that firms situated in eastern regions and those classified as non-heavily polluted benefitted to a greater extent. This study sheds light on the incentive implications of digital economy for the synergistic upgrading of GI&CV, thereby extending the breadth of study on the consequences of digital economy. Moreover, it offers actionable suggestions for enterprises to leverage digital economy development towards achieving a synergistic improvement of GI&CV. |
| https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0304625&type=printable |
Similar Articles
| ID | Score | Article |
|---|---|---|
35347
|
Jiang, SX; Li, YF; You, N Corporate digitalization, application modes, and green growth: Evidence from the innovation of Chinese listed companies(2023) | |
| 30413
|
Ning, J; Yin, QR; Yan, A How does the digital economy promote green technology innovation by manufacturing enterprises? Evidence from China(2022) | |
| 30434
|
Ge, YQ; Xia, YF; Wang, TY Digital economy, data resources and enterprise green technology innovation: Evidence from A-listed Chinese Firms(2024) | |
| 62516
|
Liu, K; Liu, XM; Wu, ZH Nexus between Corporate Digital Transformation and Green Technological Innovation Performance: The Mediating Role of Optimizing Resource Allocation(2024)Sustainability, 16, 3 | |
| 31692
|
Zhao, P; Guo, JH; Wang, Y How Does the Digital Economy Affect Green Development?-Evidence from 284 Cities in China(2023)Sustainability, 15, 15 | |
| 62407
|
Zhao, R; Ren, ZP Does Digital Economy Promote Enterprise Green Innovation? Evidence from Listed Heavy-Polluting Enterprises in China(2023)Polish Journal Of Environmental Studies, 32, 5 | |
| 35620
|
Fan, YJ; Su, Q; Wang, XH; Fan, M Digitalization and green innovation of enterprises: Empirical evidence from China(2023) | |
| 62178
|
Liu, QL; Yang, XX; Shen, ZY; Streimikiene, D Digital economy and substantial green innovation: empirical evidence from Chinese listed companies(2024)Technology Analysis & Strategic Management, 36, 10 | |
| 35642
|
Feng, H; Wang, FY; Song, GM; Liu, LL Digital Transformation on Enterprise Green Innovation: Effect and Transmission Mechanism(2022)International Journal Of Environmental Research And Public Health, 19, 17 | |
| 35086
|
Wang, XY; Zhong, XF Digital transformation and green innovation: firm-level evidence from China(2024) |