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Research on the impact of the integration of digital economy and real economy on enterprise green innovation
Sun, Guanglin1,2,3; Fang, Jiming1; Li, Jinning4; Wang, Xiaolin5
2024-03
Source PublicationTechnological Forecasting and Social Change
ABS Journal Level3
ISSN0040-1625
Volume200Pages:123097
Abstract

Enhancing the green innovation capability of enterprises holds pivotal significance in achieving the “dual carbon” target. The integration of digital economy and real economy provides new ideas for promoting green innovation in enterprises. Based on the Chinese A-share listed companies panel data from 2011 to 2022, this paper empirically tests the impact of the integration of the digital economy and real economy on enterprise green innovation. The results show that integrating the digital economy and the real economy significantly positively affects green innovation. Improving the integration level of the digital and real economies is conducive to promoting green innovation. Intrinsic mechanisms show significant mediating effects on financing constraints, enterprise digital transformation, and corporate social responsibility. The integration of the digital and real economies can promote enterprise green innovation by alleviating enterprise financing constraints, driving enterprise digital transformation, and promoting corporate social responsibility. Heterogeneity analysis shows that the impact of integrating the digital and real economies on enterprise green innovation affects state-owned enterprises more than private enterprises. The effect on small enterprises is significantly positive at the 1 % confidence level; however, the impact on the green innovation of large enterprises is not significant.

KeywordCorporate Social Responsibility Digital Transformation Financing Constraints Green Innovation Integration Of The Digital Economy And The Real Economy Economy
DOI10.1016/j.techfore.2023.123097
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics ; Public Administration
WOS SubjectBusiness ; Regional & Urban Planning
WOS IDWOS:001143763900001
PublisherELSEVIER SCIENCE INCSTE 800, 230 PARK AVE, NEW YORK, NY 10169
Scopus ID2-s2.0-85180366108
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Citation statistics
Document TypeJournal article
CollectionFaculty of Business Administration
Corresponding AuthorLi, Jinning
Affiliation1.School of Finance, Nanjing University of Finance and Economics, Nanjing, 210023, China
2.Institute of Industrial Economics of Chinese Academy of Social Sciences, Beijing, 100006, China
3.Collaborative Innovation Center for Emissions Trading System Co-Constructed by the Province and Ministry, Wuhan, 430205, China
4.Xingzhi College, Zhejiang Normal University, Jinhua, 321001, China
5.Faculty of Business Administration, University of Macau, Macau, 999078, China
Recommended Citation
GB/T 7714
Sun, Guanglin,Fang, Jiming,Li, Jinning,et al. Research on the impact of the integration of digital economy and real economy on enterprise green innovation[J]. Technological Forecasting and Social Change, 2024, 200, 123097.
APA Sun, Guanglin., Fang, Jiming., Li, Jinning., & Wang, Xiaolin (2024). Research on the impact of the integration of digital economy and real economy on enterprise green innovation. Technological Forecasting and Social Change, 200, 123097.
MLA Sun, Guanglin,et al."Research on the impact of the integration of digital economy and real economy on enterprise green innovation".Technological Forecasting and Social Change 200(2024):123097.
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