How does digital transformation influence green governance? A synthesis of the literature

Yulong Sun, Juancan Guo

Article ID: 2826
Vol 5, Issue 2, 2024
DOI: https://doi.org/10.54517/ec.v5i2.2826
Received: 30 July 2024; Accepted: 2 September 2024; Available online: 20 September 2024;
Issue release: 30 December 2024

VIEWS - 929 (Abstract)

Download PDF

Abstract

Propose: This paper focuses on helping companies solve the pressure brought by the current digital trend and environmental ecological challenges and achieve the strategic goal of sustainable development. Methods: In this paper, the literature review method is used to collect the relevant literature of the Web of Science (WOS) database 2014–2015 and explore the natural advantages of digital transformation (DT) in the field of green governance. In addition, VOSviewer is used for literature metrology to generate a visual map in order to visually present the current research hotspots. Results: This study shows that DT has three advantages in the field of green governance. Firstly, DT can significantly affect green governance. Secondly, DT can significantly affect green innovation. Thirdly, DT can significantly affect Environment, Social, and Governance (ESG) performance. Practical implications: This study reviews the relevant literature on DT and green governance and excavates the influence of DT in the field of green governance. On the one hand, this study enriches the dual research perspectives of DT and green governance, fills the gap in the study of DT green governance and the level of new green governance, and has important theoretical significance. On the other hand, it is of great practical significance to explore the impact of DT on green governance and provide an important reference for companies to build a new governance paradigm in the digital era.


Keywords

digital transformation; green governance; corporate


References

1. Guo L, Xu L. The Effects of Digital Transformation on Firm Performance: Evidence from China’s Manufacturing Sector. Sustainability. 2021; 13(22): 12844. doi: 10.3390/su132212844

2. Wang H, Feng J, Zhang H, et al. The effect of digital transformation strategy on performance: The Moderating Role of Cognitive Conflict. International Journal of Conflict Management. 2020; 31(3): 441–462. doi: 10.1108/ijcma-09-2019-0166

3. Ma D, Zhu Q. Innovation in emerging economies: Research on the digital economy driving high-quality green development. Journal of Business Research. 2022; 145: 801–813. doi: 10.1016/j.jbusres.2022.03.041

4. Wang Y, Yang Y, Qin Z, et al. A Literature Review on the Application of Digital Technology in Achieving Green Supply Chain Management. Sustainability. 2023a; 15(11): 8564. doi: 10.3390/su15118564

5. Guo JT, Luo GY. How the tax burden affects the high-quality development of enterprises: the moderating effect based on the digital transformation of enterprises. Journal of Shenzhen University (Humanities and Social Sciences Edition). 2023; 40(04): 1–11.

6. Zheng J, Khurram MU, Chen L. Can Green Innovation Affect ESG Ratings and Financial Performance? Evidence from Chinese GEM Listed Companies. Sustainability. 2022; 14(14): 8677. doi: 10.3390/su14148677

7. Zhou S, Zhou P, Ji H. Can digital transformation alleviate corporate tax stickiness: The mediation effect of tax avoidance. Technological Forecasting and Social Change. 2022; 184: 122028. doi: 10.1016/j.techfore.2022.122028

8. Tran NP, Le QTT, Vo AT, et al. Digital transformation and corporate restructuring: does corporate governance matter? Journal of Strategy and Management. 2024. doi: 10.1108/jsma-04-2023-0084

9. Tanushev C. Digital transformation: The impact on corporate strategy. Economic Alternatives. 2022; 3: 383–404.

10. Tian G, Li B, Cheng Y. Does digital transformation matter for corporate risk-taking? Finance Research Letters. 2022; 49: 103107. doi: 10.1016/j.frl.2022.103107

11. Xu Y, Wang L, Xiong Y, et al. Does digital transformation foster corporate social responsibility? Evidence from Chinese mining industry. Journal of Environmental Management. 2023; 344: 118646. doi: 10.1016/j.jenvman.2023.118646

12. Chen P, Hao Y. Digital transformation and corporate environmental performance: The moderating role of board characteristics. Corporate Social Responsibility and Environmental Management. 2022; 29(5): 1757–1767. doi: 10.1002/csr.2324

13. Wang L, Liu S, Xiong W. The Impact of Digital Transformation on Corporate Environment Performance: Evidence from China. International Journal of Environmental Research and Public Health. 2022; 19(19): 12846. doi: 10.3390/ijerph191912846

14. Zhao X, Cai L. Digital transformation and corporate ESG: Evidence from China. Finance Research Letters. 2023; 58: 104310. doi: 10.1016/j.frl.2023.104310

15. Yang, P., Hao, X., Wang, L., et al. Moving toward sustainable development: the influence of digital transformation on corporate ESG performance. Kybernetes. 2024; 53(2), 669–687.

16. Li S, Yang Z, Tian Y. Digital transformation and corporate performance: evidence from China. China Economic Journal. 2023; 16(3): 312–334. doi: 10.1080/17538963.2023.2254138

17. Gao F, Lin C, Zhai H. Digital Transformation, Corporate Innovation, and International Strategy: Empirical Evidence from Listed Companies in China. Sustainability. 2022; 14(13): 8137. doi: 10.3390/su14138137

18. van Eck NJ, Waltman L. Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics. 2009; 84(2): 523–538. doi: 10.1007/s11192-009-0146-3

19. Ellegaard O, Wallin JA. The bibliometric analysis of scholarly production: How great is the impact? Scientometrics. 2015; 105(3): 1809–1831. doi: 10.1007/s11192-015-1645-z

20. Giustiziero G, Kretschmer T, Somaya D, et al. Hyperspecialization and hyperscaling: A resource—based theory of the digital firm. Strategic Management Journal. 2022; 44(6): 1391–1424. doi: 10.1002/smj.3365

21. Zhang H, Zhang Q. How Does Digital Transformation Facilitate Enterprise Total Factor Productivity? The Multiple Mediators of Supplier Concentration and Customer Concentration. Sustainability. 2023; 15(3): 1896. doi: 10.3390/su15031896

22. Chen H, Tian Z. Environmental uncertainty, resource orchestration and digital transformation: A fuzzy-set QCA approach. Journal of Business Research. 2022; 139: 184–193. doi: 10.1016/j.jbusres.2021.09.048

23. Mooi EA, Frambach RT. Encouraging innovation in business relationships—A research note. Journal of Business Research. 2012; 65(7): 1025–1030. doi: 10.1016/j.jbusres.2011.03.016

24. Frynas JG, Mol MJ, Mellahi K. Management Innovation Made in China: Haier’s Rendanheyi. California Management Review. 2018; 61(1): 71–93. doi: 10.1177/0008125618790244

25. Asif M, Yang L, Hashim M. The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China. Sustainability. 2024; 16(7): 2651. doi: 10.3390/su16072651

26. Long H, Feng GF, Chang CP. How does ESG performance promote corporate green innovation? Economic Change and Restructuring. 2023; 56(4): 2889–2913. doi: 10.1007/s10644-023-09536-2

27. Song M, Wang S, Zhang H. Could environmental regulation and R&D tax incentives affect green product innovation? Journal of Cleaner Production. 2020; 258: 120849. doi: 10.1016/j.jclepro.2020.120849

28. Cui J, Wang S, Xin Y. Research on Technical Framework of Smart Grid Data Management from Consortium Blockchain Perspective. Proc. CSEE. 2020; 40: 836–847

29. Li D, Shen W. Can Corporate Digitalization Promote Green Innovation? The Moderating Roles of Internal Control and Institutional Ownership. Sustainability. 2021; 13(24): 13983. doi: 10.3390/su132413983

30. Siachou E, Vrontis D, Trichina E. Can traditional organizations be digitally transformed by themselves? The moderating role of absorptive capacity and strategic interdependence. Journal of Business Research. 2021; 124: 408–421. doi: 10.1016/j.jbusres.2020.11.011

31. Cannas R. Exploring digital transformation and dynamic capabilities in agrifood SMEs. Journal of Small Business Management. 2021; 61(4): 1611-1637. doi: 10.1080/00472778.2020.1844494

32. Li D, Liu J. Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China. Journal of Business Research. 2014; 67(1): 2793–2799. doi: 10.1016/j.jbusres.2012.08.007

33. Matarazzo M, Penco L, Profumo G, et al. Digital transformation and customer value creation in Made in Italy SMEs: A dynamic capabilities perspective. Journal of Business Research. 2021; 123: 642–656. doi: 10.1016/j.jbusres.2020.10.033

34. Feng H, Wang F, Song G, et al. Digital Transformation on Enterprise Green Innovation: Effect and Transmission Mechanism. International Journal of Environmental Research and Public Health. 2022; 19(17): 10614. doi: 10.3390/ijerph191710614

35. Ellström D, Holtström J, Berg E, et al. Dynamic capabilities for digital transformation. Journal of Strategy and Management. 2021; 15(2): 272–286. doi: 10.1108/jsma-04-2021-0089

36. Yousaf Z. Go for green: green innovation through green dynamic capabilities: accessing the mediating role of green practices and green value co-creation. Environmental Science and Pollution Research. 2021; 28(39): 54863–54875. doi: 10.1007/s11356-021-14343-1

37. Su X, Wang S, Li F. The Impact of Digital Transformation on ESG Performance Based on the Mediating Effect of Dynamic Capabilities. Sustainability. 2023; 15(18): 13506. doi: 10.3390/su151813506

38. Mele G, Capaldo G, Secundo G, et al. Revisiting the idea of knowledge-based dynamic capabilities for digital transformation. Journal of Knowledge Management. 2023; 28(2): 532–563. doi: 10.1108/jkm-02-2023-0121

39. Jiang Z, Lyu P, Ye L, et al. Green innovation transformation, economic sustainability and energy consumption during China’s new normal stage. Journal of Cleaner Production. 2020; 273: 123044. doi: 10.1016/j.jclepro.2020.123044

40. Fosu E, Yi K, Asiedu D. The effect of CSR on corporate social performance: Mediating role of corporate image, green innovation and moderating role of corporate identity. Corporate Social Responsibility and Environmental Management. 2023; 31(1): 69–88. doi: 10.1002/csr.2553

41. Constantinescu D, Caraiania C, Lungua CI, et al. Environmental, social and governance disclosure associated with the firm value. Evidence from energy industry. Accounting and Management Information Systems. 2021; 20(1): 56–75.

42. Inamdar MM. Moderating role of ESG disclosures and its impact on firm financial performance. The Quarterly Review of Economics and Finance. 2024; 97: 101892. doi: 10.1016/j.qref.2024.101892

43. Veeravel V, Murugesan VP, Narayanamurthy V. Does ESG disclosure really influence the firm performance? Evidence from India. The Quarterly Review of Economics and Finance. 2024; 95: 193–202. doi: 10.1016/j.qref.2024.03.008

44. Lys T, Naughton JP, Wang C. Signaling through corporate accountability reporting. Journal of Accounting and Economics. 2015; 60(1): 56–72. doi: 10.1016/j.jacceco.2015.03.001

45. Srivisal N, Jamprasert N, Sthienchoak J, et al. Environmental, social and governance and creditworthiness: Two contrary evidence from major Asian markets. Asian Academy of Management Journal of Accounting and Finance. 2021; 17(2): 161–187. doi: 10.21315/aamjaf2021.17.2.7

46. Matute-Vallejo J, Bravo R, Pina JM. The influence of corporate social responsibility and price fairness on customer behaviour: evidence from the financial sector. Corporate Social Responsibility and Environmental Management. 2011; 18(6): 317–331. doi: 10.1002/csr.247

47. Nugroho DPD, Hsu Y, Hartauer C, et al. Investigating the Interconnection between Environmental, Social, and Governance (ESG), and Corporate Social Responsibility (CSR) Strategies: An Examination of the Influence on Consumer Behavior. Sustainability. 2024; 16(2): 614. doi: 10.3390/su16020614

48. Wang H, Jiao S, Bu K, et al. Digital transformation and manufacturing companies’ ESG responsibility performance. Finance Research Letters. 2023b; 58: 104370. doi: 10.1016/j.frl.2023.104370

49. Samadhiya A, Agrawal R, Kumar A, et al. Blockchain technology and circular economy in the environment of total productive maintenance: a natural resource-based view perspective. Journal of Manufacturing Technology Management. 2023; 34(2): 293–314. doi: 10.1108/jmtm-08-2022-0299

50. Feng Z, Chen W. Environmental Regulation, Green Innovation, and Industrial Green Development: An Empirical Analysis Based on the Spatial Durbin Model. Sustainability. 2018; 10(1): 223. doi: 10.3390/su10010223

51. Cao H, Chen Z. The driving effect of internal and external environment on green innovation strategy—The moderating role of top management’s environmental awareness. Nankai Business Review International. 2019; 10(3): 342–361. doi: 10.1108/nbri-05-2018-0028

52. Asif M, Gouqing Z. Innovative application of artificial intelligence in a multi-dimensional communication research analysis: a critical review. Discover Artificial Intelligence. 2024; 4(1): 37. doi: 10.1007/s44163-024-00134-3

53. Tsou HT, Chen JS. How Does Digital Technology Usage Benefit Firm Performance? Digital Transformation Strategy and Organisational Innovation as Mediators. Technol. Anal. Strateg. Manag. 2021; 10: 1–14.

54. Kawabata T. Private governance schemes for green bond standard: influence on public authorities’ policy making. Green Finance. 2020; 2(1): 35–54. doi: 10.3934/gf.2020003

55. Li X, Li W, Zhang Y. Family Control, Political Connection, and Corporate Green Governance. Sustainability. 2020; 12(17): 7068. doi: 10.3390/su12177068

56. Kusis J, Brokane L, Miltovica B. Green Governance Principles in The Development of Environmental Education Infrastructure. Economic science for rural development conference proceedings. 2017; (44).

57. MacKenzie A, Pearson LJ, Pearson CJ. A framework for governance of public green spaces in cities. Landscape Research. 2019; 44(4): 444–457. doi: 10.1080/01426397.2018.1444153

58. Xue J, He Y, Liu M, et al. Incentives for Corporate Environmental Information Disclosure in China: Public Media Pressure, Local Government Supervision and Interactive Effects. Sustainability. 2021; 13(18): 10016. doi: 10.3390/su131810016

59. Huang L, Lei Z. How environmental regulation affect corporate green investment: Evidence from China. Journal of Cleaner Production. 2021; 279: 123560. doi: 10.1016/j.jclepro.2020.123560

60. Xu J, Liu F, Shang Y. R&D investment, ESG performance and green innovation performance: evidence from China. Kybernetes. 2021; 50(3): 737–756. doi: 10.1108/k-12-2019-0793

61. Fan J, Teo T. Will China’s R&D investment improve green innovation performance? An empirical study. Environmental Science and Pollution Research. 2022; 29(26): 39331–39344. doi: 10.1007/s11356-021-18464-5

62. Kocmanova A, Simberova I. Modelling of corporate governance performance indicators. Engineering Economics. 2012; 23(5): 485–495. doi: 10.5755/j01.ee.23.5.2865

63. Wang Z, Chu E, Hao Y. Retracted: Towards sustainable development: How does ESG performance promotes corporate green transformation. International Review of Financial Analysis. 2024b; 91: 102982. doi: 10.1016/j.irfa.2023.102982

64. Pane Haden SS, Oyler JD, Humphreys JH. Historical, Practical, and Theoretical Perspectives on Green Management: An Exploratory Analysis. Management Decision. 2009; 47(07): 1041–1055. doi: 10.1108/00251740910978287

65. Zhou M, Govindan K, Xie X, et al. How to drive green innovation in China’s mining enterprises? Under the perspective of environmental legitimacy and green absorptive capacity. Resources Policy. 2021; 72: 102038. doi: 10.1016/j.resourpol.2021.102038

66. Liu T, Cao X. Going Green: How Executive Environmental Awareness and Green Innovation Drive Corporate Sustainable Development. Journal of the Knowledge Economy. 2024; 1–28. doi: 10.1007/s13132-024-01788-1

67. Luan D, Cao H, Qu T. How Does Corporate Green Innovation Strategy Translate into Green Innovation Performance Based on Chain Mediation? Sustainability. 2023; 15(16): 12507. doi: 10.3390/su151612507

68. Feng Y, Guo B, Wang X, et al. Facilitating or inhibiting? The impact of environmental information disclosure on enterprise investment value. Environmental Science and Pollution Research. 2024; 1–13.

69. Geng Y, Chen J, Liu T, et al. Public environmental attention, media coverage, and corporate green innovation: evidence from heavily polluting industries in China. Environmental Science and Pollution Research. 2023; 30(37): 86911–86926. doi: 10.1007/s11356-023-28369-0

70. Chi Y, Yang Y. Green finance and green transition by enterprises: An exploration of market-oriented governance mechanisms. Borsa Istanbul Review. 2023; 23(3): 628–646. doi: 10.1016/j.bir.2023.01.003

71. Guo B, Hu P, Lin J. The effect of digital infrastructure development on enterprise green transformation. International Review of Financial Analysis. 2024; 92: 103085. doi: 10.1016/j.irfa.2024.103085

72. Shen Y, Zhang X. Intelligent manufacturing, green technological innovation and environmental pollution. Journal of Innovation & Knowledge. 2023; 8(3): 100384. doi: 10.1016/j.jik.2023.100384

73. Verhoef PC, Broekhuizen T, Bart Y, et al. Digital transformation: A multidisciplinary reflection and research agenda. Journal of Business Research. 2021; 122: 889–901. doi: 10.1016/j.jbusres.2019.09.022

74. Piepponen A, Ritala P, Keränen J, et al. Digital transformation of the value proposition: A single case study in the media industry. Journal of Business Research. 2022; 150: 311–325. doi: 10.1016/j.jbusres.2022.05.017

75. Deng Z, Zhu Z, Johanson M, et al. Rapid internationalization and exit of exporters: The role of digital platforms. International Business Review. 2022; 31(1): 101896. doi: 10.1016/j.ibusrev.2021.101896

76. Pauliuk S, Koslowski M, Madhu K, et al. Co-design of digital transformation and sustainable development strategies - What socio-metabolic and industrial ecology research can contribute. Journal of Cleaner Production. 2022; 343: 130997. doi: 10.1016/j.jclepro.2022.130997

77. Zhang T, Shi ZZ, Shi YR, et al. Enterprise digital transformation and production efficiency: mechanism analysis and empirical research. Economic Research-Ekonomska Istraživanja. 2021; 35(1): 2781–2792. doi: 10.1080/1331677x.2021.1980731

78. Vogelsang K, Liere-Netheler K, Packmohr S, et al. Success factors for fostering a digital transformation in manufacturing companies. Journal of Enterprise Transformation. 2018; 8(1–2): 121–142. doi: 10.1080/19488289.2019.1578839

79. Liu H, Wang P, Li Z. Is There Any Difference in the Impact of Digital Transformation on the Quantity and Efficiency of Enterprise Technological Innovation? Taking China’s Agricultural Listed Companies as an Example. Sustainability. 2021; 13(23): 12972. doi: 10.3390/su132312972

80. Magistretti S, Pham CTA, Dell’Era C. Enlightening the dynamic capabilities of design thinking in fostering digital transformation. Industrial Marketing Management. 2021; 97: 59–70. doi: 10.1016/j.indmarman.2021.06.014

81. Mithas S, Tafti A, Mitchell W. How a Firm’s Competitive Environment and Digital Strategic Posture Influence Digital Business Strategy. MIS Quarterly. 2013; 37(2): 511–536. doi: 10.25300/misq/2013/37.2.09

82. Vaia G, Arkhipova D, DeLone W. Digital governance mechanisms and principles that enable agile responses in dynamic competitive environments. European Journal of Information Systems. 2022; 31(6): 662–680. doi: 10.1080/0960085x.2022.2078743

83. Wang C, Guo J, Xu W, et al. The impact of digital transformation on corporate green governance under carbon peaking and neutrality goals: Evidence from China. Plos one. 2024a; 19(6): e0302432. doi: 10.1371/journal.pone.0302432

84. Yang Y, Han J. Digital transformation, financing constraints, and corporate environmental, social, and governance performance. Corporate Social Responsibility and Environmental Management. 2023; 30(6): 3189–3202. doi: 10.1002/csr.2546

85. May G, Stahl B, Taisch M, et al. Energy management in manufacturing: From literature review to a conceptual framework. Journal of Cleaner Production. 2017; 167: 1464–1489. doi: 10.1016/j.jclepro.2016.10.191

86. Appio FP, Frattini F, Petruzzelli AM, et al. Digital Transformation and Innovation Management: A Synthesis of Existing Research and an Agenda for Future Studies. Journal of Product Innovation Management. 2021; 38(1): 4–20. doi: 10.1111/jpim.12562

87. El-Kassar AN, Singh SK. Green innovation and organizational performance: The influence of big data and the moderating role of management commitment and HR practices. Technological Forecasting and Social Change. 2019; 144: 483–498. doi: 10.1016/j.techfore.2017.12.016

88. Liu X, Liu F, Ren X. Firms’ digitalization in manufacturing and the structure and direction of green innovation. Journal of Environmental Management. 2023; 335: 117525. doi: 10.1016/j.jenvman.2023.117525

89. Gao D, Li S, Guo C. Top management team career experience heterogeneity, digital transformation, and the corporate green innovation: a moderated mediation analysis. Frontiers in Psychology. 2023; 14. doi: 10.3389/fpsyg.2023.1276812

90. Waqas M, Honggang X, Ahmad N, et al. Big data analytics as a roadmap towards green innovation, competitive advantage and environmental performance. Journal of Cleaner Production. 2021; 323: 128998. doi: 10.1016/j.jclepro.2021.128998

91. Wang H, Qi S, Zhou C, et al. Green credit policy, government behavior and green innovation quality of enterprises. Journal of Cleaner Production. 2022; 331: 129834. doi: 10.1016/j.jclepro.2021.129834

92. Sundaram R, Ziade J, Quinn E. Drivers of Change: An Examination of Factors That Prompt Managers to Enforce Changes in Business. Int. J. Manag. 2020; 11: 22–30.

93. Bresciani S, Huarng KH, Malhotra A, et al. Digital transformation as a springboard for product, process and business model innovation. Journal of Business Research. 2021; 128: 204–210. doi: 10.1016/j.jbusres.2021.02.003

94. Zhai H, Yang M, Chan K C. Does digital transformation enhance a firm’s performance? Evidence from China. Technology in Society, 2022, 68: 101841. doi: 10.1016/j.techsoc.2021.101841

95. Wang L, Hou S. The impact of digital transformation and earnings management on ESG performance: evidence from Chinese listed enterprises. Scientific Reports. 2024; 14(1): 783. doi: 10.1038/s41598-023-48636-x

96. Sif, U. Report on US sustainable, responsible and impact investing trends. US SIF Foundation Press Release. 2018. Available online: http://bit. ly/11Ce6Nt (accessed on 13 October 2016).

97. Razzaq A, Yang X. Digital finance and green growth in China: Appraising inclusive digital finance using web crawler technology and big data. Technological Forecasting and Social Change. 2023; 188: 122262. doi: 10.1016/j.techfore.2022.122262

98. Lv X, Wu Z. The green effect of digital transformation: The impact of digital transformation in fiscal and taxation on regional green development. Economic Analysis and Policy. 2024; 81: 787–800. doi: 10.1016/j.eap.2023.12.025

99. Tuyen BQ, Phuong Anh DV, Mai NP, et al. Does corporate engagement in social responsibility affect firm innovation? The mediating role of digital transformation. International Review of Economics & Finance. 2023; 84: 292–303. doi: 10.1016/j.iref.2022.11.005

100. Setia P, Setia P, Venkatesh V, et al. Leveraging digital technologies: How information quality leads to localized capabilities and customer service performance. MIS quarterly. 2013; 37(2): 565–590. doi: 10.25300/misq/2013/37.2.11

101. Noja GG, Cristea M, Panait M, et al. The Impact of Energy Innovations and Environmental Performance on the Sustainable Development of the EU Countries in a Globalized Digital Economy. Frontiers in Environmental Science. 2022; 10: 934404. doi: 10.3389/fenvs.2022.934404

102. Ran Q, Yang X, Yan H, et al. Natural resource consumption and industrial green transformation: Does the digital economy matter? Resources Policy. 2023; 81: 103396. doi: 10.1016/j.resourpol.2023.103396

103. Bianchini S, Damioli G, Ghisetti C. The environmental effects of the “twin” green and digital transition in European regions. Environmental and Resource Economics. 2023; 84(4): 877–918. doi: 10.1007/s10640-022-00741-7

104. Na C, Chen X, Li X, et al. Digital Transformation of Value Chains and CSR Performance. Sustainability. 2022; 14(16): 10245. doi: 10.3390/su141610245

105. Shi X, Lin Y, Wang Y. Institutional investor heterogeneity and green innovation in China: Does digital transformation matter? International Review of Economics & Finance. 2024; 93: 994–1014. doi: 10.1016/j.iref.2024.05.007

106. Nicolás-Agustín Á, Jiménez-Jiménez D, Maeso-Fernandez F. The role of human resource practices in the implementation of digital transformation. International Journal of Manpower. 2021; 43(2): 395–410. doi: 10.1108/ijm-03-2021-0176

107. She J, Zhang Q. Green innovation and enterprise digital transformation: Escape from the “dilemma” of development and governance choices. PLOS ONE. 2024; 19(5): e0301266. doi: 10.1371/journal.pone.0301266

108. Philippart MH. Success Factors to Deliver Organizational Digital Transformation: A framework for transformation leadership. Journal of Global Information Management. 2021; 30(8): 1–17. doi: 10.4018/jgim.304068

109. Li G, Yang Y, Lou XM, et al. Evaluation and spatial agglomeration analysis of the green competitiveness of China’s manufacturing industry at the provincial level. Plos One. 2021; 16(3): e0246351. doi: 10.1371/journal.pone.0246351

110. Yang XH, Ning ZY, Xiang HL, Chen J. Local economic growth target and Digital transformation of enterprises: An empirical study based on text identification of annual reports of listed enterprises. China Soft Science. 2021; (11): 172–184.

111. Ghisetti C, Rennings K. Environmental innovations and profitability: how does it pay to be green? An empirical analysis on the German innovation survey. Journal of Cleaner Production. 2014; 75(14): 106–117. doi: 10.1016/j.jclepro.2014.03.097

112. Hu Q, Xu MZ, Cheng Y. Knowledge distance, collaboration capability and enterprise digital transformation performance: A multi case study based on SMEs in Zhejiang. Journal of Jiangxi University of Finance and Economics. 2021; (03): 29–42.

113. Yu DF, Wang C, Chen L. Government subsidies, industrial chain collaboration and enterprise digitization. Bussiness Management Journal. 2022; 44(05): 63–82.

114. Du JM, Chen XY, Wu F. Enterprise leverage ratio and digital transformation: Promoting or inhibiting? Structural characteristics, channel mechanism and regulatory governance. Chinese Review of Financial Studies. 2022; 14(05): 13–30,123–124.

115. Chen LX, Yang J. Research on the impact of financial asset allocation on digital transformation of enterprises. Financial Theory and Practice. 2022; (11): 37–48.

116. Li D, Huang M, Ren S, et al. Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100. Journal of Business Ethics. 2018; 150(4): 1089–1104. doi: 10.1007/s10551-016-3187-6

117. Chen H, Huang YT, Yang YC. The impact of government tax incentive on enterprises’ digital transformation: Empirical evidence from the accelerated depreciation policy of fixed assets. Review of Industrial Economics. 2022; (12): 1–15.

118. Li HP, Xiang G, Gao ZS, Fu Q. Preliminary study on the institutional conditions for the transformation of environmental benefits to enterprise economic benefits of green innovation in China’s manufacturing industry. Science Research Management. 2005; (02): 46–49.

119. Cai FY, Huang XR. Government data opening, enterprise digital transformation and enterprise innovation. Statistics and Decision. 2022; 38(23): 175–179.

120. Yang P, Hao X, Wang L, et al. Moving toward sustainable development: the influence of digital transformation on corporate ESG performance. Kybernetes. 2023; 53(2): 669–687. doi: 10.1108/k-03-2023-0521

121. Lu CH, Li H. Carbon pilot policies, green innovation and enterprise productivity. Inquiry into Economic Issues. 2023; 04: 3860.

122. Xin L. Knowledge networks, financing constraints, and innovation performance of “Specialized, Refined, and New” enterprises. Journal of Shanghai University of International Business and Economics. 2022; 29(06):18–38.

123. Tao XH, Li YY, Zhang JB. Readability of annual reports, financing constraints, and enterprise value. Statistics and Decision. 2022; 38(23): 165–170.

124. Cao YS. The correlation between operating working capital management efficiency and corporate performance: Empirical evidence from Chinese listed companies. Contemporary Finance and Economics. 2013; (08): 109–120.

125. Li F, Huang L, Liu H. Research on operating capital management efficiency from the perspective of performance. Shandong Social Sciences. 2016; (S1): 95–97.

126. Gao JL, Cui TT, Cao WJ. Asset structure and enterprise value of listed companies: A study of mesomeric effect based on operating capacity. Communication of Finance and Accounting. 2019; (15): 63–67.

127. He Q, Ribeiro-Navarrete S, Botella-Carrubi D. A matter of motivation: the impact of enterprise digital transformation on green innovation. Review of Managerial Science. 2024; 18(5): 1489–1518. doi: 10.1007/s11846-023-00665-6

128. Xu C, Chen X, Dai W. Effects of Digital Transformation on Environmental Governance of Mining Enterprises: Evidence from China. International Journal of Environmental Research and Public Health. 2022; 19(24): 16474. doi: 10.3390/ijerph192416474

129. Ren X, Zeng G, Zhao Y. Digital finance and corporate ESG performance: Empirical evidence from listed companies in China. Pacific-Basin Finance Journal. 2023; 79: 102019. doi: 10.1016/j.pacfin.2023.102019

130. Xie X, Huo J, Qi G, et al. Green Process Innovation and Financial Performance in Emerging Economies: Moderating Effects of Absorptive Capacity and Green Subsidies. IEEE Transactions on Engineering Management. 2015; 63(1): 101–112. doi: 10.1109/tem.2015.2507585

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Yulong Sun, Juancan Guo

License URL: https://creativecommons.org/licenses/by/4.0/


This site is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).