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ORIGINAL RESEARCH
Enterprise Digital Transformation and Green
Technology Innovation: Evidence from Innovation
Sub-Dimension and Time Lag Effect
1
School of Economics, Beijing Technology and Business University, Beijing, 102488, China
2
Economics Department, Irvine Valley College, Irvine, 92618, USA
3
School of Finance, Central University of Finance and Economics, Beijing, 102206, China
Submission date: 2023-11-10
Final revision date: 2024-01-03
Acceptance date: 2024-01-23
Online publication date: 2024-03-15
Publication date: 2025-01-02
Corresponding author
Yongjian Huang
School of Finance, Central University of Finance and Economics, Beijing, 102206, China
School of Finance, Central University of Finance and Economics, Beijing, 102206, China
Pol. J. Environ. Stud. 2025;34(1):177-186
KEYWORDS
TOPICS
ABSTRACT
With the development of digital and green economies, enterprise digital transformation inventively
promotes green technological innovation. Using data from listed companies in Shanghai and Shenzhen
from 2008 to 2021 with text analysis, we construct a multidimensional fixed-effect model to study the
impact of enterprise digital transformation on green technology innovation. We find that enterprise digital
transformation promotes green technology innovation, holding after a series of robustness tests and
endogeneity treatments, by reducing financing constraints and easing enterprise risks. Further analysis
shows that among the two sub-dimensions of enterprise green technology innovation, the promotion
effect on independent innovation of green technology is more prominent. There is also a time lag effect
in the promotion effect on both green technology innovation and its sub-dimensions, showing a tendency
to enhance and then weaken. Moreover, the positive effect of enterprise digital transformation is more
significant in heavy pollution industries, alongside non-state-owned and small-scale enterprises, with
different performances in sub-dimension.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
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| eISSN: | 2083-5906 |
| ISSN: | 1230-1485 |
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