Venture capital intervention and intelligent empowerment: Drivers of corporate green innovation

Tao Zhou, Ziling Huang, Junkang Huang, Junshan Duan and Gang Liu

International Review of Financial Analysis, 2025, vol. 104, issue PA

Abstract: This study utilizes a dual fixed-effects model to examine the connection between venture capital involvement and enterprise digital-intelligence empowerment. The findings demonstrate that venture capital participation plays a significant role in promoting enterprises' digital-intelligence transformation, providing crucial support for operational optimization and the application of digital technologies. Venture capital further promotes the digital-intelligence transformation by enhancing the enterprises' green innovation capabilities, achieving a synergistic effect between innovation and digital-intelligence development. Enterprise scale plays a critical threshold role in this relationship; the larger the scale, the more efficiently an enterprise can integrate financial and technological resources to advance digital-intelligence development.

Keywords: Venture capital involvement; Digital-intelligence empowerment; Enterprise green innovation; Enterprise scale (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:104:y:2025:i:pa:s105752192500359x

DOI: 10.1016/j.irfa.2025.104272

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