Digital Economy, Environmental Regulation and Corporate Green Technology Innovation: Evidence from China

Wang, Chenggang; Liu, Tiansen; Zhu, Yue; Lin, Meng; Chang, Wen-Hao; Wang, Xinyu; Li, Dongrong; Wang, He; Yoo, Jinsol

doi:10.3390/ijerph192114084

Cited by 32 publications

(15 citation statements)

References 38 publications

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“…The infrastructure construction of the digital economy can help promote the scale growth of the digital economy, enhance the openness of the innovation ecosystem, and create a more inclusive and open enterprise innovation environment [51]. Thus, it can attract more innovation resources to gather, reducing the cost and risk of enterprises' innovation to reach technological collaborative innovation.…”

Section: H1 Digital Economy Can Promote Enterprise Technological Inno...mentioning

confidence: 99%

Research on the Influence of Digital Economy on Technological Innovation: Evidence from Manufacturing Enterprises in China

Wang

Wei

2023

Sustainability

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Digital economy is a key breakthrough in the new round of the industrial revolution, and technological innovation is the key to economic growth and wealth creation by enterprises. The influence of the digital economy on the innovation of manufacturing enterprises is directly related to solving the problem of inadequate development. Therefore, it is of great theoretical value and practical significance to study the influence of the digital economy on enterprise technological innovation. Taking Chinese manufacturing companies during 2016–2020 as a sample, this paper measured the technological innovation level of enterprises by the quantity and quality of innovation output of manufacturing enterprises and measured the development degree of the digital economy by the four dimensions of digital economy infrastructure, digital industrialization, industrial digitalization, and digital governance. The influence of the digital economy on enterprise technological innovation was researched through the Moran index and panel regression model. Moran’s indexes were all greater than 0, and the data were concentrated in the first and third quadrants of the scatter chart, and the value dropped from 0.186 to 0.152, indicating that provincial digital economic development presents a phenomenon of aggregation in spatial distribution, which gradually decreases along the eastern coast to the western region and gradually moves from aggregation to dispersion. The regression coefficients are significant at least at the level of 10%, indicating that the digital economy can effectively promote the output quantity and quality of technological innovation in manufacturing enterprises. The digital economy has a double-promotion effect on technological innovation. In promoting the technological innovation of manufacturing enterprises, infrastructure, digital industrialization, and industrial digitization play a dual and positive role as well as digital governance. In addition, the digital economy and its four dimensions have a first-order and second-order time-lag effect, which has a double-promotion effect on enterprises’ technological innovation. In general, the digital economy can promote enterprise technological innovation.

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Section: H1 Digital Economy Can Promote Enterprise Technological Inno...mentioning

confidence: 99%

Research on the Influence of Digital Economy on Technological Innovation: Evidence from Manufacturing Enterprises in China

Wang

Wei

2023

Sustainability

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“…Which technologies will be used technically (simple blockchain or smart contracts, or another technical solution) will be demonstrated in the further development, but the technical solution has no fundamental importance regarding the requirements for this network. In addition, there is currently no certainty that this solution will be implemented either by the corporation itself, or by using an off-the-shelf platform, or by using solutions proposed by the registrar or depository (Makedon, Mykhailenko, Vazov, 2021;Wang, et al 2022).…”

Section: Digitization and Formation Of The Corporationmentioning

confidence: 99%

Modification of the Value Management of International Corporate Structures in the Conditions of the Digital Economy

Makedon

Mykhailenko

Dzyad

2023

EJMI

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Purpose of the research. Investigate formats for managing the value of international corporate structures, taking into account the formation of digital assets, and develop recommendations for introducing precise modifications to the management of the value of international corporations in the digital economy. Design/Method/Plan of the reseach. Systematic, synergistic, conceptual and methodological approaches are used, involving the use of the method of analysis and synthesis, modeling, formalization, methods of statistical and economic analysis, modeling, expert support and evaluation. Results of the research. The formation of a new external environment of corporations - the "digital environment" - is substantiated as a space for the manifestation of competitive advantages of the digital transformation of the economy, which is characterized by a clarification of the influence of digitalization on the activities of international corporate structures. The factors of increasing the cost in the digital environment are identified, being based on the developed modified approach, which takes into account both the change of the previously known cost factors in the digital environment and the emergence of new, previously unformulated cost factors, which allow to create a scenario of the economic activity of the corporation in the digital environment, to establish the dependence of the selected factors cost and will divide the factors acting in the formation of the digital environment, and the factors that manifest themselves directly in the digital economy. The concept of cost management of the corporation has been developed, in terms of assessing the new external corporate environment, taking into account the influence of digital factors, identifying new cost levers, taking into account radical changes in technological processes, including recommendations on the adaptation of new digital cost management tools, which allows assessing the digital component of the growth of modern markets and takes into account both the creation and destruction of value under the influence of the digital economy. The theoretical significance of the research. The role of the digital economy in relation to the models and tools of corporate governance has been determined. The points of contact and interaction of corporate strategies and the process of business digitalization based on the effective management of the value of the corporation have been studied. The practical significance of the research. The results and recommendations of the study can be implemented in long-term programs for the digitalization of international corporate governance practices and digital support for the development or adaptation of corporate strategies in order to implement the complex potential of the corporation. Originality/Value/Scientific novelty of the research. The specificity of the implementation of digital economy tools in the organizational formats of the activities of international corporate structures has been studied. Modified models for improving corporate value management based on blockchain technologies and digital cost control as part of a corporate strategy have been proposed. Prospects for further research. The obtained results of the research can be used in the context of the development of national and branch programs for digitalization of corporate management and the implementation of digital technologies in the model of corporatization of enterprises and organizations of various forms of ownership. Article type. Theoretical. JEL Classification: F23, L19, O33

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“…examined the effectiveness of regional environmental regulation. Taking environmental regulation as an intermediary variable, they studied the impact of the DE on green technology innovation under the influence of environmental regulation [30]. The development of the DE promotes the improvement in the level of green technology innovation, and the DE can indirectly influence green technology innovation through the mediating variable of environmental regulation.…”

Section: Theoretical Mechanisms and Research Hypothesesmentioning

confidence: 99%

Can Digital Economy Development Contribute to the Low-Carbon Transition? Evidence from the City Level in China

Liu

Tian

et al. 2023

IJERPH

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As a new engine to promote high-quality development and a sustainable economy, the digital economy (DE) plays a key role in achieving carbon reduction targets. In this paper, we use the “broadband China (BC)” policy as a proxy variable for the DE and employ the panel data of Chinese prefecture-level cities from 2006 to 2019 to investigate the effect of DE development on carbon emission intensity and its mechanism of action. It is found that (1) DE development significantly reduces the carbon emissions of cities and presents dynamic and sustainable characteristics; (2) the results of mechanism tests indicate that DE development is more inclined to reduce carbon emission intensity by improving regional innovation quality than by improving regional innovation quantity; (3) the impact of DE development on carbon emission intensity differs among cities with different characteristic attributes and different environmental regulation intensity, and the emission reduction effect is more obvious in non-resource-based cities, cities with lower environmental regulation intensity, and cities with weaker environmental target constraints; (4) the impact of DE development and innovation-driven development strategies on reducing carbon emission intensity has a policy linkage effect.

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Digital Economy, Environmental Regulation and Corporate Green Technology Innovation: Evidence from China

Cited by 32 publications

References 38 publications

Research on the Influence of Digital Economy on Technological Innovation: Evidence from Manufacturing Enterprises in China

Research on the Influence of Digital Economy on Technological Innovation: Evidence from Manufacturing Enterprises in China

Modification of the Value Management of International Corporate Structures in the Conditions of the Digital Economy

Can Digital Economy Development Contribute to the Low-Carbon Transition? Evidence from the City Level in China

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