Assessing the Impact of New Digital Infrastructure on Enterprise Green Transformation from a Triple Performance Perspective

Weilong Wang (), Jianlong Wang () and Haitao Wu ()
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Weilong Wang: Sichuan University
Jianlong Wang: Sichuan University

Journal of the Knowledge Economy, 2025, vol. 16, issue 1, No 193, 5594-5633

Abstract: Abstract The new digital infrastructure (NDI) formed by the organic combination of new-generation information technologies such as 5G, artificial intelligence, and industrial internet is an information highway for data circulation, constitutes the bottom support of the digital economy, and provides excellent new opportunities for enterprises’ green transformation (EGT). In this paper, we match the data of China’s Shanghai and Shenzhen A-share listed companies with city-level NDI measurement data from 2011 to 2019 and explore the impact of NDI on EGT from a performance perspective. The paper uncovers the following findings: (1) NDI significantly enhances enterprises’ economic, green innovation, and environmental performance, which implies that NDI can significantly promote EGT. Endogeneity and robustness recommendations also support this finding. (2) Mechanism analysis emphasizes that NDI promotes EGT by enhancing internal capacity building, strengthening external market attention, attracting government subsidies, and deepening green finance. (3) Heterogeneity analysis points out that NDI exhibits a more significant enhancement effect on an enterprise’s EGT when it belongs to the growth and maturity stages, a heavily polluting industry, and a region with a developed traditional transportation infrastructure. This paper enriches the theoretical connotation of EGT from a performance perspective, which can provide policy insights for governments and enterprises to grasp the green development opportunities NDI brings.

Keywords: New digital infrastructure; Enterprise green transformation; Economic performance; Green innovation performance; Environmental performance; Impact mechanism (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s13132-024-01976-z

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