Research on the Impact of Digital Economy on Green Innovation of Manufacturing Enterprises
DOI:
https://doi.org/10.54691/mbk4wp69Keywords:
Digital Economy; Manufacturing Firms; Green Innovation; Heterogeneity Analysis.Abstract
The purpose of this study is to investigate the impact of digital economy on green innovation of manufacturing enterprises, this paper takes China's A-share listed companies as a sample, and adopts entropy method to measure the digital economy, which is measured by taking the logarithm of the total number of green patent applications of manufacturing enterprises. The fixed effect model is utilized for testing. The results show that the digital economy can enhance the green innovation ability of manufacturing enterprises. In addition, the digital economy has a more significant impact on the green innovation of manufacturing enterprises in the eastern region of China, while the impact on the central and western regions is relatively small. This finding highlights the important role of digital economy in promoting green innovation of manufacturing enterprises. For manufacturing enterprises, actively exploring the development path of digital economy and strengthening the application of digital technology can help to enhance green innovation capability and sustainable development. At the same time, the government and relevant stakeholders should also increase support for the development of the digital economy and promote the integration of digital technology and green development, in order to promote the green transformation and sustainable development of the manufacturing industry.
Downloads
References
[1] LI Wei-An ZHANG Yao-Wei ZHENG Min-Na et al. Research on Green Governance of Chinese Listed Companies and Its Evaluation [J]. Management World, 2019, 35 (05): 126-133+160.
[2] LI Qingyuan XIAO Zehua. Heterogeneous Environmental Regulatory Tools and Corporate Green Innovation Incentives-Evidence from Green Patents of Listed Firms [J]. Economic Research, 2020, 55 (09): 192-208.
[3] Huang J W , Li Y H .Green Innovation and Performance: the View of Organizational Capability and Social Reciprocity[J].145(2):1-16.
[4] GUO Hai, SHEN Rui, WANG Donghan et al. Research on the "Double-edged Sword" Effect of Organizational Legitimacy on Corporate Growth [J]. Nankai Management Review, 2018, 21 (05): 16-29.
[5] Rezende L D A , Bansi A C , Rodrigues Alves M F ,et al. Take your time: examining when green innovation affects financial performance in multinationals[J]. Journal of Cleaner Production, 2019, 233(OCT. 1):993-1003.
[6] Zou Yaqing. Status quo and reform of enterprise business management mode in the background of economic structure transformation [J]. Marketing World, 2020, (44): 154-155.
[7] Teng Lei, Ma Degong. Can digital finance promote high-quality development? [J]. Statistical Research,2020, 37 (11): 80-92.
[8] Ferraris A, Mazzoleni A , Devalle A ,et al. Big data analytics capabilities and knowledge management: impact on firm performance[J].Management Decision, 2019, 57(8):1923-1936.
[9] Jens H .Determinants of Environmental Innovation - New Evidence from German Panel Data Sources[J].SSRN Electronic Journal, 2006.DOI:10.2139/ ssrn.879707.
[10] BI Kexin,WANG Yuhan,YANG Zhaogun. Impact of innovation resource input on green innovation capacity of green innovation system - An empirical study based on the perspective of manufacturing FDI inflow [J]. China Soft Science, 2014, (03): 153-166.
[11] WANG Hui,WANG Shuqiao,MIAO Zhuang et al. Heterogeneous Threshold Effect of R&D Investment on Green Innovation Efficiency-An Empirical Study Based on Chinese High-Tech Industries [J]. Research Management, 2016, 37 (02): 63-71.
[12] Wei Z , Sun L .How to leverage manufacturing digitalization for green process innovation: an information processing perspective[J].Industrial Management & Data Systems, 2021, ahead-of-print (ahead-of-print).DOI:10. 1108/IMDS-08-2020-0459.
[13] SHI Dachan,DING Hai,WEI Pingping. Can smart city construction reduce environmental pollution [J]. China Industrial Economy, 2018, (06): 117-135.
[14] Zhai, Huayun,Lewis. Research on the relationship between digital financial development, financing constraints and corporate green innovation [J]. Science and Technology Progress and Countermeasures, 2021, 38 (17):116-124.
[15] TANG Song,WU Xuchuan,ZHU Jia. Digital Finance and Corporate Technological Innovation – Structural Characteristics, Mechanism Identification and Effect Differences under Financial Regulation [J]. Management World, 2020, 36 (05): 52-66+9.
[16] YU Lianchao,BI Xi,ZHANG Weiguo. Construction of Green Transformation Evaluation System for Industrial Enterprises [J]. Statistics and Decision Making, 2019, 35 (14): 186-188.
[17] Wan Jiayu, Zhou Qin, Xiao Yi, "Digital Finance, Financing Constraints and Corporate Innovation, "Economic Review, 2020, (01): 71-83.
[18] ZHAO Tao,ZHANG Zhi,LIANG Shangkun. Digital Economy, Entrepreneurial Activity and High Quality Development - Empirical Evidence from Chinese Cities [J]. Management World, 2020, 36 (10): 65-76.
[19] Lai, Wenjing,Manny Zheng. Inflation expectations, firm growth and business investment [J]. Statistical Research, 2016, 33 (05): 34-42.
[20] Zhang J,Wei ZQ. Can Digital Economy Drive Low-Carbon Transformation of Household Consumption? --Based on empirical evidence from Chinese household tracking surveys [J]. Modern Finance and Economics (Journal of Tianjin University of Finance and Economics), 2023, 43 (09): 3-19. DOI:10.19559/j.cnki.12-1387.2023.09.001.
[21] Han Chao,Sang Ruicong. Enterprise product switching and product quality improvement under environmental regulation constraints [J]. China Industrial Economy, 2018, (02): 43-62.
[22] Meuleman M , Maeseneire W D .Do R&D Subsidies Affect SMEs' Access to External Financing?[J]. Research Policy, 2008, 41(3).
[23] Wang Gang,Xie Fuji,Jia You. A Reexamination of R&D Subsidy Policy Incentive Mechanism - Based on the Examination of External Financing Incentive Mechanism [J]. China Industrial Economy, 2017, (02) :60-78.
[24] Yu Yongze,Zhang Shaohui. Urban house price, purchase restriction policy and technological innovation [J]. China Industrial Economy, 2017, (06): 98-116.
[25] Jin Gang, Shen Kunrong. Beggar-thy-neighbor or neighborly? --Environmental Regulation Enforcement Interactions and Urban Productivity Growth [J]. Management World, 2018, 34 (12): 43-55.
[26] DONG Zhiqing, WANG Hui. The "local-neighborhood" green technology progress effect of environmental regulation [J]. China Industrial Economy, 2019, (01): 100-118.
[27] WEN Zhonglin,HOU Jetai. Comparison and Evaluation of Hidden Variable Interaction Effect Analysis Methods [J]. Mathematical Statistics and Management, 2004, (03): 37-42.
Downloads
- Views: 6 | Downloads: 2 PDF
Published
Issue
Section
License
Copyright (c) 2024 Scientific Journal of Economics and Management Research
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.