Exploring the effects of manufacturing servitization on enterprise energy conservation and emissions reduction moderated by digital transformation

Wang, Jianlong; Wang, Weilong; Wu, Haitao; Liu, Yong

doi:10.1016/j.eneco.2023.106706

Cited by 40 publications

(10 citation statements)

References 83 publications

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“…However, all these measures have different degrees of shortcomings and deficiencies. Hence, we refer to Wang et al (2023) and use the frequency of "digital" related terms in firms' annual reports as a proxy variable for digital transformation.…”

Section: Variables Selectionmentioning

confidence: 99%

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Going out and bringing in: Exploring the impact of OFDI on green innovation performance under firms' digital transformation strategies

Wang,

Wu,

Liu

et al. 2024

Manage Decis Econ

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Under the digital transformation strategy, whether the overseas investment activities of firms can achieve reverse green spillover is significant to their implementation of green and low‐carbon transformation. Accordingly, we examined the impact of outward foreign direct investment (OFDI) on green technology innovation (GTI) in parent firms under the digital transformation strategy at the micro‐level using a zero‐inflated negative binomial regression (ZINB) model with data from Chinese A‐share listed firms for 2000–2021. The study shows that (1) OFDI is beneficial to the growth of the parent firm's GTI. The results of both the instrumental variables approach and robustness tests support the baseline findings. (2) The scale, competitive, and human capital effects are the three micro‐mechanisms through which OFDI drives GTI. (3) Digital transformation has a positive moderating effect on OFDI and GTI, implying that digital transformation reinforces the reverse green spillover effect of OFDI. (4) The results of heterogeneity analysis show that state‐owned firms and firms with overseas executives have a more outstanding contribution of OFDI to GTI, and the moderating effect of digital transformation is more significant. This study provides micro‐level theoretical and empirical experiences on the green innovation effects of firms' digital transformation and overseas investment strategies.

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Section: Variables Selectionmentioning

confidence: 99%

“…Based on Equation (1), we draw on Wang et al (2023) to construct a mediating effects model to prove whether research Hypothesis 2 holds. We incorporate the scale effect, competition effect, and human capital into Equation (1), respectively, and construct the following model:…”

Section: Mechanistic Test Modelmentioning

confidence: 99%

Going out and bringing in: Exploring the impact of OFDI on green innovation performance under firms' digital transformation strategies

Wang,

Wu,

Liu

et al. 2024

Manage Decis Econ

Self Cite

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“…In addition, the ratio of service industry to industrial output increase is used to measure the progress of industrial structure, with higher levels indicating enhanced service capabilities that provide opportunities for integrating industry with service sectors. Digital transformation within manufacturing industries has revolutionized traditional business models by leveraging digital technologies resulting in continuous improvements in service quality while simultaneously facilitating savings energy and emission reduction through enhanced green technology innovation efforts and optimized element structure (Wang et al, 2023). Apart from these aforementioned factors, government behavior also plays a non-negligible impact on the digitalization and green improvement of manufacturing industry.…”

Section: Review Of Existing Academic Achievementsmentioning

confidence: 99%

Influencing Factors as well as Implementation Path of Synergistic Development of Digitalization and Greening in Manufacturing Industry: Analysis from a Configuration Perspective

haiyong,

Han,

Qin

2024

REA

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<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="font-family: 'times new roman', times, serif; font-size: 14pt;">The manufacturing sector must incorporate digitalization and greening as crucial strategies to attain high level of development in the context of the digital economy, given its significant role in quality of environment. Most of existing studies explore net effect of a single or several factors on the digitalization or greening in the manufacturing industry. Limited investigation has been done to integrate various factors impacting the connection and synchronized advancement of digitalization and greening within the manufacturing. Factors affecting the synergy of digitalization and green change within manufacturing are recognized in this article, and a theoretical framework is established to analyze. FsQCA tool is also put into use to survey configurational cases, which contains synergy degree of green digitalization from 30 provinces’ manufacturing in China. Results show that: (1) Between 2007 and 2020, the development level of digital-green integration in the manufacturing industry shows an upward trend. There are three types of collaborative modes, namely, "industrial robot driven" "market development driven" and "market development driven - industrial robot driven", with each mode consisting of at least one to four equivalent pathways. (2) The marketization level and application of industrial robots are the important external and internal pulling forces that drive the synergy degree of digitalization and green change within manufacturing industry, respectively.(3) The influencing factors of the collaborative mode choice of digital-green development within manufacturing industry are complementary, among which, the degree of marketization is similar to the role of industrial robots in the configuration, which are capable to weaken the negative impact from insufficient government R&D investment support under specific conditions; (4) The non-high collaborative state of digital green in manufacturing industry is mainly due to the low level of marketization, openness, and economic development, as well as the low application rate of industrial robots and software products. This study enriches the theoretical understanding on digitalization and green change of manufacturing industry. Meanwhile, it also provides insights to advance the integrated and synergistic advancement of digital green transformation in manufacturing practice.</span></p>

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“…Relying solely on keywords cannot adequately reflect the digital transformation behaviors of industries and companies [ 15 ]. Furthermore, the insurance industry differs significantly from the manufacturing industry, which is the primary focus of current research [ 16 ]. The insurance industry has unique business and industry structures, making existing methods of measuring digital transformation less suitable for this sector.…”

Section: Introductionmentioning

confidence: 99%

Index construction and application of digital transformation in the insurance industry: Evidence from China

Liu,

Yang,

Zheng

2024

PLoS ONE

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In the context of digitization, the insurance industry’s value chain is undergoing significant shifts. However, the existing research on its comprehension and measurement remains relatively limited. This study constructs an index system for digital transformation in the insurance industry (DTII) on three components: digital infrastructure, digital platform, and digital applications. Utilizing data from 31 provinces in China, this study employs the entropy weight method, analytic hierarchy process method and minimum relative entropy method to measure the weights of indicators, empirically applying this index system. The results show that DTII in China experiences rapid advancement with an average annual growth rate of 20.46% from 2014 to 2020 and there exists strong regional convergence. In addition, the spatial agglomeration and spatial effects of DTII are mainly concentrated in the life insurance industry and the eastern region. This study provides an index system and empirical evidence for evaluating the DTII, providing policy insights for exploring the sustainable development path of the insurance industry in the digital era.

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Exploring the effects of manufacturing servitization on enterprise energy conservation and emissions reduction moderated by digital transformation

Cited by 40 publications

References 83 publications

Going out and bringing in: Exploring the impact of OFDI on green innovation performance under firms' digital transformation strategies

Going out and bringing in: Exploring the impact of OFDI on green innovation performance under firms' digital transformation strategies

Influencing Factors as well as Implementation Path of Synergistic Development of Digitalization and Greening in Manufacturing Industry: Analysis from a Configuration Perspective

Index construction and application of digital transformation in the insurance industry: Evidence from China

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