Climate policy uncertainty and digital transformation of enterprise—Evidence from China

Yan Mo and Xiaotong Liu

Economics Letters, 2023, vol. 233, issue C

Abstract: We propose that climate policy uncertainty negatively affects the digital transformation of enterprise by using China listed firms’ data from 2010 to 2021. We find that this effect remains significant after controlling for endogeneity using climate policy uncertainty in the USA as an instrumental variable. Additionally, we consider financial constraints and free cash flows as channels through which climate policy uncertainty affects companies’ digital transformation.

Keywords: Climate policy uncertainty; Digital transformation of enterprise; Free cash flow; Financial constrains (search for similar items in EconPapers)
JEL-codes: G18 G31 M21 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:233:y:2023:i:c:s0165176523004020

DOI: 10.1016/j.econlet.2023.111377

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