Does digital transformation empower green innovation? Evidence from listed companies in heavily polluting industries in China

Wenqiu Zhang, Junli Zhao, Hao Li and Shuilin Chen

Finance Research Letters, 2024, vol. 66, issue C

Abstract: We investigate the impact of digital transformation on green innovation based on the data from listed companies in heavily polluting industries in China from 2010 to 2020. Our findings reveal that under the joint action of crowding-out and synergistic effects, digital transformation has a U-shaped impact on green innovation. The results withstand multiple robustness checks. The heterogeneity test shows that the digital transformation of companies in the mature stage can better promote green innovation. Our results supplement the literature on digital transformation and green innovation, and provide theoretical implications for corporate sustainability.

Keywords: Digital transformation; Green innovation; U-Shaped; Firm life cycle; Sustainable development (search for similar items in EconPapers)
JEL-codes: O31 O33 Q55 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324007153
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:finlet:v:66:y:2024:i:c:s1544612324007153

DOI: 10.1016/j.frl.2024.105685

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().