Catalytic role of the digital economy in fostering corporate green technology innovation: a mechanism for sustainability transformation in China

Shixian Ling, Hongfu Gao and Di Yuan

Economic Analysis and Policy, 2024, vol. 84, issue C, 278-292

Abstract: The digital economy is a novel catalyst for economic growth and sustainable development, representing an emerging trend in economic development. This study investigates the impact of the digital economy on green technology innovation within Chinese listed companies between 2009 and 2022. The empirical studies indicate the digital economy significantly promotes green technology innovation in corporations, especially in non-state-owned, large-sized, and mid-western companies. The analysis of the influence mechanism reveals that the digital economy has a substantial impact on the advancement of green technology innovation. This is achieved through alleviating financing constraints, promoting human capital agglomeration, and improving resource allocation efficiency. This research provides decision-making references for promoting green development and resolving the paradox of imbalanced and insufficient growth among companies with various ownership structures, total asset sizes, and regions.

Keywords: Digital economy; Green technology innovation; Financing constraints; Human capital agglomeration; Resource allocation efficiency (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592624002273
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:84:y:2024:i:c:p:278-292

DOI: 10.1016/j.eap.2024.09.005

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().