The Effect of Enterprise Digital Transformation on Green Technology Innovation: A Quantitative Study on Chinese Listed Companies

Abstract

Promoting enterprise digital transformation is of great significance in accelerating the innovation capability of green technology and boosting green and low-carbon economic development. Therefore, based on the textual analysis of enterprise annual reports, the measurement index of enterprise digital transformation was constructed, and combined with the data of listed, A-share companies in Shanghai and Shenzhen from 2011 to 2021, a quantitative study was conducted on the relationship between enterprise digital transformation and green technology innovation. The quantitative study shows that there is a significant positive correlation between enterprise digital transformation and green technology innovation. The CEO IT background plays a positive moderating role between digital transformation and green technology innovation in enterprises. Based on the quantitative study from the perspective of fiscal incentives, it was found that different fiscal incentive policies play different roles in an enterprises’ digital transformation and green technology innovation; that is, government subsidies play an intermediary role between the two, and tax preferences play a positive moderating role between the two. This research enriches the mechanism analysis between enterprise digital transformation and green technology innovation, and it provides a useful exploration for the further promotion of both enterprise digital transformation and green technology innovation.

Enterprise Digital Transformation and Regional Green Innovation Efficiency Based on the Perspective of Digital Capability: Evidence from China

“…Under the trend of digitalization, promoting the DTE provides opportunities for improving the ERGI. Many studies have noted the positive impact of DTE on green innovation [9,[63][64][65], but most studies only focus on the micro level. DTE not only affects the green innovation development of the enterprise, but also affects other innovation subjects in the region.…”

Integrating ESG into Corporate Strategy: Unveiling the Moderating Effect of Digital Transformation on Green Innovation through Employee Insights

“…Digital transformation is consistent with green development and provides the internal driving force for corporate green technology innovation [40]. In addition, some scholars found by constructing enterprise digital transformation measurement indicators that there is a significant positive correlation between the digital transformation of Chineselisted companies and green technology innovation, and the CEO's IT background and tax incentives play a positive regulatory role [41]. Furthermore, some scholars point out that digital transformation can increase green innovation, especially in the context of insufficient internal controls and limited institutional ownership [42].…”

The Impact of Capital Market Opening on Enterprise Green Technology Innovation: Insights from the Shanghai–Hong Kong Stock Connect

“…Promoting the coordinated and efficient development of enterprise green technology innovation is of great significance to the realization of high-quality economic development in China [21]. In addition, green technology innovation is an important driving force for the sustainable growth of the global economy [22][23][24]. The current research on the influencing factors of enterprise green technology innovation mainly focuses on the following three aspects: In terms of environmental regulation, relevant studies have found that it is difficult to completely rely on the means of a spontaneous market system to promote enterprise green technology innovation [25].…”