Corporate green innovation in a digital economy

Penghua Qiao, Siting Liu, Hung-Gay Fung and Chen Wang

International Review of Economics & Finance, 2024, vol. 92, issue C, 870-883

Abstract: This study examines how a digital economy that embraces digital technology and transformation influences corporate green innovation. Our analysis of a sample of Chinese firms reveals a positive relationship between the digital economy and corporate green innovation. The digital economy stimulates firms to engage in corporate digitalization, which in turn promotes green innovation. Additionally, digitalization reduces the financial constraints of firms with better access to trade credit and lowers corporate debt costs, implying that firms with richer financial resources engage in more green innovation.

Keywords: Green innovation; Digital economy; Digitalization; Financial constraints (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:92:y:2024:i:c:p:870-883

DOI: 10.1016/j.iref.2024.02.073

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