A Study on the Impact Mechanism of Digitalization on Corporate Green Innovation

Abstract

With the wide application of digital technologies such as big data, cloud computing and 5G technology, the digital transformation of enterprises provides new ways for enterprises to enhance green innovation and achieve sustainable development. Starting from the resource-based view and combining signaling theory and stakeholder theory, this article empirically analyzes the impact of enterprise digitalization level on green innovation by examining the effect of enterprise digitalization level on green innovation and the inner transmission mechanism. The results show that (1) the digitalization level of enterprises can promote the improvement of green innovation, and this is not affected by the nature of property rights and the region of enterprises; (2) there is a partial mediating effect of government subsidies in the relationship between the digitalization level of enterprises and green innovation, and enterprises can obtain more innovation resources and thus promote green innovation through the improvement of digitalization level, and this effect is stronger in enterprises in eastern regions than in other regions; (3) The relationship between digitalization level and green innovation is positively affected by the fulfillment of corporate social responsibility, and the promotion effect of digitalization level on green innovation is strengthened as the degree of fulfillment of corporate social responsibility increases. This article reveals the ways in which digitalization level influences enterprise green innovation, which further enriches the theoretical study of enterprise green innovation. The article provides policy suggestions for the government to improve the level of corporate green innovation and achieve the dual carbon goal; it also provides references for enterprises to build a multi-level influence mechanism to promote the improvement of the green innovation level based on the stakeholder theory.

Discovering the Sustainable Innovation Service Process of Organizational Environment, Information Sharing and Satisfaction: The Moderating Roles of Pressure

“…Several scholars have combined innovation diffusion theory (IDT) with other theoretical models to carry out experiments because IDT can serve as an exhaustive theoretical framework to gain more comprehension of behavioral intentions in sustainable innovation adoption [16]. Recent studies have employed social exchange theory and signaling theory to address issues of sustainable innovation [56][57][58][59][60]. Therefore, this research attempts to expand IDT by integrating it with social exchange theory and signaling theory to develop a theoretical model for examining sustainable innovation.…”

Translating Organizational Change into Entrepreneurial Identity—A Study of Energy Transition in a Large State-Owned Enterprise

“…External factors are environmental regulation and policies (Chen et al 2022), green finance (Dong et al 2022;Zhang et al 2022), integration with the supply chain (Hong et al 2019;Sun and Sun 2021), and the regime of open innovation (Yang and Roh 2019). Internal factors are the absorptive (Chen et al 2014;Du and Wang 2022) and the control (Li et al 2018;Ma et al 2022;Wang et al 2022a) capacities of the firm, strategy (Yahya et al 2022), and the role of digitalization (Gao et al 2023).…”

Study on the Impact of Common Institutional Ownership on Corporate Green Transformation in the Context of “Dual Carbon”: Evidence from China

“…In the context of green development, implementing the new development concept and promoting enterprises to carry out green transformation have become the necessary path for China's industries to adapt to for the new development stage [1]. As a microscopic subject of economic development and the main source of ecological pollution, enterprises are an indispensable role in establishing a sound green economic system [2]. However, due to the imperfect market mechanism, the relevant system and financial supply cannot fully cover the investment in and risk of the green transformation of enterprises, and the spillover of green transformation results in positive externality with fewer policy compensation measures, which makes the subjective initiative of enterprises' transformation low [3,4].…”