Impact of Digital Transformation on Green Innovation in Manufacturing under Dual Carbon Targets

Jianliang Yang · Hongbo Shan · Penglong Xian · Xiaomeng Xu · Na Li

12 citations0/0 files storedSustainability

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Environmental Sustainability in Business Digital Economy and Transformation Sustainability and Innovation in Business

Abstract

The development of green innovation in the manufacturing industry is crucial for sustainability, as it can lead to significant environmental and economic benefits. Meanwhile, the impact of digital transformation on green innovation in the manufacturing industry has been proven to be significant in a previous study. To further explore the impact of digital transformation on the development of green innovation in the manufacturing industry under the dual carbon goal, this article selects data from Chinese A-share manufacturing listed companies from 2013 to 2022 as the observation sample, proposes research hypotheses based on stakeholder theory, and conducts empirical analysis. The results indicate that digital transformation can significantly promote the development of green innovation in the manufacturing industry, which is transmitted through corporate environmental responsibility. Corporate environmental responsibility plays a partial mediating role in the impact of digital transformation on the development of green innovation. Meanwhile, media attention can strengthen the positive impact of digital transformation on green innovation. In heterogeneity analysis, it was found that the higher the institutional shareholding and analyst attention, the more likely a company’s digital transformation can promote green innovation. In addition, by comparing and analyzing the data of the two years before and after the proposal of the dual carbon target, it was found that the incentive effect of the dual carbon target did not achieve the expected effect in this article, which may be related to the short time of the proposal of the dual carbon target and the impact of the epidemic.

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References

2018Green innovation and organizational performance: The influence of big data and the moderating role of management commitment and HR practices 2020Developing a unified definition of digital transformation 2022Market incentives, carbon quota allocation and carbon emission reduction: Evidence from China's carbon trading pilot policy 2022Effects of Digital Finance on Green Innovation considering Information Asymmetry: An Empirical Study Based on Chinese Listed Firms 2023Firms' digitalization in manufacturing and the structure and direction of green innovation 2023Impacts of digital transformation on eco-innovation and sustainable performance: Evidence from Chinese manufacturing companies 2022Climate policy and low-carbon innovation: Evidence from low-carbon city pilots in China 2021How Industry 4.0 technologies and open innovation can improve green innovation performance?

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