文献类型：期刊文献

英文题名：Effect of Digital Economy Development on Enterprises’ Green Innovation: Empirical Evidence from Listed Companies in China

作者：Tang, Maogang[1]; Liu, Yinlin[1]; Hu, Fengxia[2]; Wu, Baijun[1]

机构：[1] School of Business, East China University of Science and Technology, Shanghai, 200237, China; [2] School of Statistics and Mathematics, Shanghai Lixin University of Accounting and Finance, Shanghai, 201209, China

年份：2022

外文期刊名：SSRN

收录：EI(收录号：20220463288)

语种：英文

外文关键词：E-learning - Economics - Investments

摘要：The digital economy could potentially promote enterprises’ green innovation through optimizing resource allocation, innovation, and network effects. However, few empirical studies explore the mechanism of the promotion effect of digital economy development on enterprises’ green innovation. In this context, this study explores this mechanism based on the technological innovation effects, the learning-by-doing effect, innovation cooperation networks, and financial constraint alleviation. Based on microdata from Chinese "A" listed companies for a time period ranging from 2010 to 2020, this research article adopts a multidimensional fixed effects model to conduct empirical analyses. The benchmark results suggest that digital economy development significantly promotes enterprises’ green innovation. The findings remain robust after a series of robustness tests and an endogeneity test. Mechanism analysis confirms that digital economy development can facilitate enterprises’ green innovation by promoting innovation effects, the learning-by-doing mechanism and spillover effect, innovation cooperation network formation, and financial constraint alleviation. Finally, we suggest that the government should implement a series of support policies, establish collaborative innovation platforms and organizations, explore the application scenarios of digital technologies in green innovation, and increase the construction of and investment in digital infrastructure to promote enterprises’ green innovation. ? 2022, The Authors. All rights reserved.