Exploring digital green convergence for firm competitiveness

Yanyun Zhang, Shujing Yue and Xiaobing Lai

Finance Research Letters, 2024, vol. 70, issue C

Abstract: Promoting digital green convergence is critical toward high-quality development. Sampling with 17,814 digital green patents of listed firms in China from 2009 to 2021, we find that digital green convergence significantly improves firm competitiveness. The dependability and relevance of our findings are further confirmed by several robustness tests. Our mechanism analysis shows that digital green convergence enhances firm competitiveness by reducing agency costs and increasing Environmental, Social, and Governance (ESG) performance. This paper provides theoretical and practical implications for uncovering the value of digital green convergence to improve firm competitiveness.

Keywords: Digital green convergence; Firm competitiveness; Resource-based view (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013928

DOI: 10.1016/j.frl.2024.106363

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