Can intelligent transformation enhance corporate green innovation performance?
Zheng Wang and
Hongchao Liu
Finance Research Letters, 2025, vol. 81, issue C
Abstract:
This study examines how intelligent transformation improves corporate green innovation performance in emerging markets. Analyzing 28,769 enterprise–year observations from Chinese-listed companies (2010–2022), we develop an innovative framework for measuring the implementation of intelligent transformation based on investments in technological infrastructure. Our findings suggest that intelligent transformation significantly enhances green innovation performance by improving financing efficiency. Heterogeneity analyses reveal that institutional contexts and industry characteristics shape this relationship. Enterprises with extensive intelligent transformation integration exhibit markedly improved green innovation outcomes. These insights reflect the synergistic relationship between technological advancement and environmental sustainability within the intelligent-green transition paradigm.
Keywords: Enterprise intelligent transformation; Green innovation performance; Debt financing costs; Digital Technology Investment; Environmental Sustainability (search for similar items in EconPapers)
JEL-codes: G32 L25 M15 O32 Q55 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325006865
DOI: 10.1016/j.frl.2025.107426
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